"Diversification is the only free lunch," - said David F. Swensen, the legendary fund manager at Yale University.
“If the product is free, then you are the product,” said a technology company CEO to me the other day.
"If money be not thy servant, it will be thy master. The covetous man cannot so properly be said to possess wealth, as that may be said to possess him," said Sir Francis Bacon, the 16th century English scientist.
"Japan has gone from Paul Volcker to Ben Bernanke overnight," said legendary hedge fund manager, Stan Druckenmiller.
"There is no disinfectant like success," said Daniel Boorstin, the 12th Librarian of Congress.
"Markets will over value what you can quantify," said Ann Lamont at Oak Investment Partners, referring to the extreme high prices for public companies versus the discount valuations of private ones.
"Risk is measurable. Uncertainty is not" said Sandra Navidi, CEO of Beyond Global, and international macro economic consultancy
“The VIX right here is unsustainably low. I think China has more of a downside surprise. Analyst expectations for earnings are overly aggressive. There are just a few too many things that can go wrong out there,” said Vadim Zlotnikov, chief market strategist at Alliance Bernstein.
“The bubble is in the bond market, not the stock market”, said Leon Cooperman, CEO of Omega Advisors, an original investor in my 1990’s hedge fund.
“The bubble is in the bond market, not the stock market” said Leon Cooperman, CEO of Omega Advisors, an original investor in my 1990’s hedge fund.
