“With valuations rising and fundamentals deteriorating we are in Looney Tunes Land here. The coyote is running in midair”, said a hedge fund friend of mine about current stock market conditions.
“The less time you have left, the more valuable it becomes,” said the late rock legend David Crosby, who died at 81 last week.
“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.
“I think we don’t become our most honest and genuine until we are dead, and not until we have become dead for years. People ought to start dead and then they would become honest earlier,” said American writer and humorist Mark Twain.
“It is fine to have the longest view in the room, as long as the thing at the end of the
vista is a gigantic hill of money,” said John Lanchester of the New Yorker magazine.
"Since 9-11, the government knows a lot more about you than you know about them, and the government likes that. But that's not what the American people want," said California Republican Congressman, Daryl Issa.
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."
“I think, it’s very obvious what’s going on. It’s the miracle of free money, zero commissions, and a lot of people getting checks that exceed what they would get if they went to work,” said my former hedge fund investor friend, Leon Cooperman of Omega Family Office.
“Without new profits, the market can’t go anywhere,” said independent research consultant David Darst.
“All writers are thieves, poaching bits and pieces of other people’s lives and stitching them together,” said the comedian, David Sedaris.
