“We’ve seen the S&P 500 drop 50% twice in the last 15 years. That is the new normal”, said Richard Kang of Emerging Global Advisors.
If you speak French and want excitement, call this number,” said a flyer read by my friend and former mentor William Colby during WWII. That was how he was recruited by the OSS, which later became the CIA, once headed by Colby.
“A man who is the master of patience is the master of everything else,” said George Saville, a professional soccer player.
“Making cars is hell”, said Tesla founder Elon Musk.
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“In the short term, the market moves on behavior and in the long term it moves on math,” said Jenny Harrington, the CEO of Gilman Asset Management.
“I’m just watching in astonishment at the SPAC market. There are companies that I passed on for $5 billion now selling for $20 billion with 1% gross margins in completely undefendable businesses with competitors eating their lunch,” said investor Barry Sternlicht.
“The stock market is very much a mood ring,” said Josh Brown, of Ritholtz Wealth Management.
“Never sell short anything just because it is expensive,” said the late Ace Greenberg, CEO of the late Bears Stearns
“The most dangerous word in the English language is “cheap”” said a
hedge fund manager friend of mine.
“The car business is hell,” said founder Elon Musk, when announcing he would sleep in the Fremont Tesla factory until Model S production reached 2,500 units a week.
