"There are many companies in the US that are running out of time because of leverage. There is still $1 trillion in distressed or defaulted debt. Any company that could refinance has already done so. For all those companies that couldn't refinance, they're going to be hitting a wall this year or next year," said Marc Lasry, chairman of Avenue Capital Management, a top-performing fixed-income hedge fund.
"Interest rates are the physical gravity of financial assets. The lower they are, the higher assets will levitate," said Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, a leading hedge fund of funds.
"The government is now the biggest impediment to economic growth," said my old friend Steven Rattner of the Quadrangle Group.
"In investment management, the progression is from the innovators to the imitators, to the swarming incompetents," said Oracle of Omaha, Warren Buffett.
“Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,” said former Federal Reserve governor, Bob McTeer.
“Battles are won with tactics. Wars are won with logistics. The logistics challenges at Tesla are enormous,” said Tesla founder Elon Musk.
"Homo Sapiens, the first truly free species, is about to decommission the natural selection, the force that made us," said E.O. Wilson, a Harvard University biology professor.
"We're always worried. As a financial advisor, you live your life worried," said David Zier of Convergent Wealth, the top financial advisor in Maryland.
“Market players are starting to become desensitized to the Armageddon, end-of-the-world stories,” said Jim Paulsen, chief investment strategist at Wells Capital Management.
"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.