“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.
“Most of the ETF’s today are your dad’s Oldsmobile,” said Lee Kranefuss of Source Advisors, about the outdated irrelevance for most equity indexes.
“Artificial Intelligence is potentially more dangerous than nukes,” said Andrew McAfee of the MIT Center for Digital Business.
'The dollar has become a carry trade rag these days. As Rodney Dangerfield would have said, it gets no respect whatsoever,' said Boris Schlossberg of GFT Forex.
“Individuals should be buying a little bit of gold every month forever,” said Marc Faber, publisher of the Gloom, Boom, and Doom Report.
“There is one peculiarity about mass psychology in that when you are in a bubble, you can't see it. Bubbles are invisible when you are inside the bubble,” said the charming Jim Dines of The Dines Letter.
"Forget what you know about buying fair businesses at wonderful prices. Instead, buy wonderful business at fair prices," said Oracle of Omaha, Warren Buffett.
“I think the market is going to get slammed this summer. The Fed is bad for financials, the dollar is a problem for industrials, and commodities are a problem for everybody,” said Scott Nations, president of NationShares.
Favorite headline of the day: "Greece Offers to Pay Back Debt With Giant Horse."
“This could be the beginning of the end of the bond market,” said my friend, the legendary hedge fund manager, David Tepper.