When asked how he manages the time to be chairman of Microsoft, run the world's largest charity, and raise three kids, Bill Gates answered, "I don't mow the lawn."
"A strong dollar is a natural consequence of America emerging from a liquidity trap, while Europe and Japan are still stuck in one. The dollar is a growth stock, and growth stocks over time outperform utilities," said Paul McCulley, formerly the chief economist at bond giant PIMCO.
“Not all men dream equally. Men who dream at night are harmless. Those who dream during the day are dangerous.” said TE Lawrence, otherwise known as Lawrence of Arabia.
“Moving away from oil-based energy towards things that are renewable is inevitable and good for the economy. Investing in clean energy is going to create a massive bull market. National security will drive us towards that outcome,” said Roger McNamee, an early venture capital investor.
“Don’t ever hire an optimistic money manager,” said Scott Minerd, fund manager at Guggenheim Partners.
“In the next recession, the US will be the worst-performing stock market in the world. We won’t see new highs again in my lifetime,” said Doubleline Capital’s Jeffrey Gundlach.
“It’s not like stocks are so compelling. It’s that there is nowhere else to put your cash. There’s a ton of capital coming in here. When it feels this easy, it’s usually time to be cautious,” said Barry Sternwood, CEO of the Starwood Capital Group.
“We have the intelligence of a moss growing on a rock compared to nature as a whole…Don’t get hung up on your views of how things should be because you’ll miss out on learning how they really are,” said hedge fund legend Ray Dalio.
"There is no more powerful thing than a free market that changes its mind," said Art Cashin, UBS Director of Floor Operations.
“Three cheers for the American auto industry and the American oil industry. This is a war that is fought with fuel and engines,” said Joseph Stalin at the Yalta Conference in 1943. The United States supplied 50% of Russia’s trucks, 80% of its oil, and 90% of its aviation gasoline during WWII.
