If you can get a dividend higher than the yield on ten-year debt, it?s an opportunity we haven?t seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday,? said Lawrence Fink, CEO of BlackRock.
?People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,? said Andrew Neale, a portfolio manager at Fogel Neale Partners.
?The farther backward you can look, the farther forward you can see,? said Britain?s combative WWII Prime Minister, Winston Churchill.
?Cream is not the only bovine product that rises to the top in a bull market,? said Roger McNamee, managing director of Elevation Partners.
?If we had not entered the war in Iraq, the war in Afghanistan would be over by now,? said Richard Engle, NBC News? chief foreign correspondent, who spent five year in the country.
?Economists make astrologists look respectable,? said the late Harvard professor, John Kenneth Galbraith.
?To get rich is glorious!? said Deng Xiaoping, the Chinese general who launched the country?s modern economy in the seventies.
?The Fed only knows two speeds; too fast, and too slow,? said Nobel Prize winning economist Milton Friedman to me over lunch one day.
?Average? is officially over?, said columnist, Tom Freidman, of the New York Times.
?It?s a bit like looking for gold in a minefield,? said Fidelity International?s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.
