?This is very bullish for markets. It?s bullish for markets intermediate term. Before, I thought we were in the seventh inning of a four-year bull market. Two waiters just came in and delivered another punch bowl. We?re going into extra innings, baby,? Said Stanley Druckenmiller of hedge fund Duquesne Capital Management, about the Fed?s decision not to taper.
?AIG was regulated by the Office of Thrift Supervision, which I abolished. Actually, instead of abolishing it, I wanted to change the name to the Office of Fig Leaf Dispensation,? said former chairman of the House Financial Services Committee, Barney Frank.
?Successful investing is about people agreeing with you?later? said Jim Grant of Grants Interest Rate Observer.
?The economy without debt is like major league baseball without steroids,? said Jack Ablin, chief investment officer of BMO Private Bank.
There are many companies in the US that are running out of time because of leverage. There is still $1 trillion in distressed or defaulted debt. Any company that could refinance has already done so. For all those companies that couldn?t refinance, they?re going to be hitting a wall this year or next year,? said Marc Lasry, chairman of Avenue Capital Management, a top performing fixed income hedge fund.
?Investing is the only endeavor in which victory goes to the minority,? said the great economist, John Maynard Keynes.
?If there were no way to short stocks, the probability of stock market bubbles would be much greater,? said hedge fund manager, Bill Ackman, of Pershing Square.
?A big part of good investing is to buy uncertainty and sell complacency,? said Robert Luna, CEO of SureVest Capital Management.
?Few people think more than two or three times a year; I have made an international reputation for myself by thinking once or twice a week,? said the Irish Nobel Prize winning playwright and cofounder of the London School of Economics, George Bernard Shaw.
?The circulation of confidence is better than the circulation of money,? said president James Madison, America?s fourth president.
