September 16, 2024 - Quote of the Day
“Happiness is having a large, loving, caring, close-knit family in another city,” said the comedian, George Burns, who lived to over 100.
Entries by MHFTR
September 9, 2024 - Quote of the Day
“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that central banks will attempt to continue to substitute liquidity for solvency,” said Rick Rule, director, president and CEO of Sprott U.S. Holdings, a precious metals
September 6, 2024 - Quote of the Day
“There is no sign of a recession anywhere,” a major bank economist told me in September 2007.
August 19, 2024 - Quote of the Day
"The level of fact available from news services is way less than it once was," said Roger McNamee, co-founder of venture capital fund Elevation Partners.
August 13, 2024 - Quote of the Day
"Whenever I hear someone in finance say that a one in two-billion-year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn't any good," said former Treasury Secretary and Harvard University President Larry Summers.
August 9, 2024 - Quote of the Day
"If you work forever, you can live forever," said my friend and mentor, Blackstone's Byron Wien.
August 8, 2024 - Quote of the Day
"Everything is expensive now. Worries about the future can cause safe assets to become highly priced ... I call it the 'Titanic Effect.' When the Titanic was going down, people would pay a fortune for anything that floats. We may be in a Titanic situation now," said my buddy, Nobel Prize winner Robert Shiller.
July 17, 2024- Quote of the Day
"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.
July 12, 2024 - Quote of the Day
“No matter who wins the election, we still have a lot of wood to chop. There is no way we continue to run huge deficits without a severe market consequence,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.
June 27, 2024 - Quote of the Day
"It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money," said John Lanchester of The New Yorker magazine.