?I?m in the probability business, not the forecasting business. Certainties offer very low returns, uncertainties, high returns,? said venture capitalist, Vinod Khosla.
?Central banks can do whatever they want. But there is no monetary policy powerful enough to prevent the U.S. from going into recession in the first six months of next year if the fiscal cliff happens,? said strategist, Dan Greenhaus.
?The strength of the Army must be credible enough to keep the knuckleheads abroad from miscalculating and instigating conflicts which they can?t win,? said Army Chief of Staff, General Ray Odierno.
?There?s been a lot of lost face in asset allocation over the past five years. Who would have thought that government bond yields could have gone so low?? said Michael Turner, a strategist at Aberdeen Asset Management.
?Right now, our politics are holding us back. It?s like being the children of permanently divorcing parents. The political environment is a real downer for a lot of people, and their holding back,? said New York Times columnist, Tom Friedman, author of the book, That Used To Be US.
?Today, 20% of enterprises are using Apple computers on their desktop. For the first time in 30 years, for developers, it is Apple first, not Apple second. This fundamentally changes our investment thesis,? said Ann Winblad of Winblad Hummer Venture Partners.
?Rock stars get room keys. I get business cards,? said New York Times columnist, Tom Friedman, and author of the book, That Used To Be US.
I?ve said it many times. Energy?s share of GDP at 17% is a wall. When we get to 17%, we almost always have a recession. And by the way, we are at 15% now,? said Joe Petrowski, CEO of the Cumberland Gulf Group, a petroleum marketer.
?We can?t even have a decent conversation about tax reform because there is so much mythology out there,? said former Treasury Secretary, Paul O?Neill.
?Liquidity is not a financial term, it is a psychological term,? said former Federal Reserve governor Alan Greenspan.
