"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost by corrections themselves," said the legendary Fidelity money manager, Peter Lynch, who once told me I was the dumbest broker he had ever met.
"If I had a ticket to Heaven, and you didn't have one, I'd give it away and go to hell with you," said president Ronald Reagan to retiring House Majority leader Tip O'Neal.
"You make the most money when things go from terrible to only bad." said Tim Seymour of emerging market hedge fund, Triogem Asset Management.
"It is impossible to compete with a big company that doesn't want to make money," said J. Crew founder Mickey Drexler about Amazon.
"Every recession sows the seeds for the next business recovery, and every recovery sows the seeds of the next recession." said hedge fund manager Leon Cooperman of Omega Advisors.
"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.
"Have a seat at the table, or you'll end up on the menu," said a confidential friend of mine in the Trump administration.
"An S&P 500 index fund never beats the index. There's fees, there's friction costs, and other costs involved," said Robert Reynolds, a manager at Putnam Investment Fund.
"It's a funny thing about life. If you refuse to accept anything but the best, you very often get it," said British Novelist, Somerset Maugham.
"Liquidity is a coward. It's never around when you need it." said market commentator, Jeff Saut.
