"Every attempt to make war easy and safe will result in humiliation and disaster," said the Civil War General, William T. Sherman.
“In the US, you had ten bad years in a row (during the Great Depression) and it still turned out to be a pretty good century, said Lloyd Blankfein, CEO of Goldman Sachs.
“If you die a rich person, you’ve failed,” said steel pioneer Andrew Carnegie, who gave away $11 billion during his lifetime, including building a library in every town in the United States.
"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.
"The market always gets it right," said Jim O'Neill, the chairman of Goldman Sachs International, who coined the term "BRIC".
“Bonds are priced artificially because you’ve got some guy buying tens of billions of dollars’ worth a month. That will change at some point, and when it does, people are going to lose a lot of money,” said the Oracle of Omaha, Warren Buffett.
"Stocks are a lot safer than investors realize," said Tom Lee, chief US equity strategist of JP Morgan.
In Silicon Valley, you’re either a unicorn or a dinosaur, and if you are the latter, you are uninvestable,” said a venture capital friend of mine.
When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate,? said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder?
“There’s a 70% chance you could lose it all,” said Jeff Bezos to his parents when asking for a $100,000 investment to start Amazon. “I want you to know the risks because I want to be able to come home for Thanksgiving.”
