"Kamikaze missions are rarely successful, least of all for the pilots," said Robert Gibbs, former White House Press Secretary.
“My job is to find 10 problems for every three that exist,” said Jeffrey Gundlach of DoubleLine Capital.
“Savers are losers”, said a radio ad for a mortgage broker in Reno, Nevada.
“This could be the beginning of the end of the bond market,” said my friend, the legendary hedge fund manager, David Tepper.
“I spend more time looking at balance sheets than income statements. Wall Street doesn’t really bother with balance sheets.,” said Oracle of Omaha Warren Buffet.
“People are investing with a rearview mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.
“We are one budget deal away from being the hot spot of the world. Europe is in the toilet, China’s growth has fallen down, and the Middle East is going backwards. We have a lot of potential for fracking and innovation. If we can prove our nation is governable, we will be the golden spot in the world,” said David Brooks, a conservative columnist for the New York Times.
“Half the world’s job will be wiped out over the next 30 years, and the middle class will be completely wiped out,” said technology guru Mosh Varde.
“It's very difficult to navigate a business through a paradigm shift. You must hard wire your system to second guess all the time, questioning what is next, and then what is next. You've got to retain optionality for both investment portfolios and the business you run to navigate this well,” said Mohamed El-Erian, former co-chairman of the bond house PIMCO.
“Individuals should be buying a little bit of gold every month forever,” said Marc Faber, publisher of the Gloom, Boom, and Doom Report.
