“The last few years have been periods of high returns and relatively low volatility. I think with the yield curve inversion and the economy slowing, PMI is in contraction in much of the world ... we’re entering a period that’s the opposite of that. We’re going to have lower returns and substantially higher volatility,” said Ben Kirby of Thornburg Investment Management.
"We have not been investing this year, we have been on a battleground," says noted UK hedge fund manager Crispin Oday.
“Chaos was the way of nature. Order is the human dream,” said historian Henry Adams.
The market has gone from “Buy the dip and sell the rip” to “Buy the dip and buy the rip,” said Dennis Dick, a professional trader.
“If you’re a retail CEO and the tariff announcement comes, you’re on your front porch looking for a cloud of locusts,” said Charlie O’Shea, a retail debt analyst at Moody’s.
“Send us your freaks,” said an Amazon human resources executive
to a temp agency during its early days.
“If massive government spending was the secret to economic success, then Venezuela would be ruling the world. Massive government spending is no indicator of economic success,” said Charles Bobrinksoy of Ariel Investments.
“The market is untradable now. We are one tweet away from a new all-time high, or a 10% correction,” said a hedge fund friend of mine.
"When it comes down to data or anecdotes when making a management decision, the anecdotes are usually right," said Jeff Bezos, the founder of Amazon.
“You want to be in the stock in the second inning of the ballgame, and out in the seventh. That could be 30 years,” said legendary value stock manager Peter Lynch.
