“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.
“If you die a rich person, you’ve failed,” said steel pioneer Andrew Carnegie, who gave away $11 billion during his lifetime, including building a library in every town in the United States.
"What is currently happening is that we have a lot of noise around what is uneconomic. When the economic stuff starts happening, like tax cuts, that will feed into real things, like cash flow and earnings," said Bill Miller, chairman of LMM Investments.
"Good fortune is often more fatal than adversity," said the 18th century German emperor, Frederick the Great.
"Diversification is the only free lunch," - said David F. Swensen, the legendary fund manager at Yale University.
"The less prudent you find the actions of others, the more prudent you need to act yourself," said Oracle of Omaha, Warren Buffett.
?It is difficult to get a man to understand something when his salary depends upon his not understanding it.? said the Pulitzer Price winning author, Upton Sinclair.
'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 Black Rock.
“Incentive structures work, so you have to be very careful about what you incent people to do because various incentive structures create all sorts of consequences which you can’t anticipate,” said Apple founder Steve Jobs.
“Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn't touch them if you pointed a gun to my head,” said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio.