“October is one of the most peculiarly dangerous months to trade in stocks. The other are July, January, April, November, May, March, June, December, August, and February,” said American writer and humorist Mark Twain.
“Be polite, be professional, but have a plan to kill everybody you meet,” said General James Mattis, former US secretary of defense.
In terms of the stock market, “A vaccine is more important than the stimulus,” said David Kostin, chief equity strategist at Goldman Sachs.
“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize winning economist Milton Friedman to me over lunch one day.
“It’s not always the troops that storm the beaches who are the right ones to set up the government,” said Steve Vassallo from Foundation Capital about the resignation of founder Travis Kalanick from Uber.
“The U.S. hasn’t had economic leadership this weak in key positions since World War II, and there is now next to no scope for international cooperation. The world economy hasn’t been this brittle during my 40-year career,” said Dr. Larry Summers, former director of the national economic council.
“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.
"If you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels," said Oracle of Omaha, Warren Buffett.
“The stock market is not expensive at 0.50% Fed funds and 0.70% government bonds,” said my old investor and mentor Leon Cooperman of Omega Advisors.
“Bonds are now offering return-free risk. I expect a relatively modest return for an extended period of time,” said my former hedge fund investor friend, Leon Cooperman of Omega Family Office.
