When asked about the urban legend that the vaults at Fort Knox are empty, and that the Fed has no gold, former Federal Reserve Chairman Ben Bernanke responded, ?I?ve been to the basement of the New York Fed. The gold is there. I?ve seen it.?
?He who sacrifices freedom for security deserves neither,? said Benjamin Franklin, the Revolutionary War US ambassador to Paris and signer of the Declaration of Independence.
?When you think you know more than everyone else about the consumer, you?re in trouble.? said Mickie Drexler, the legendary CEO of J Crew and Apple board member.
"Our bottom line is that many market metrics and indicators are based on a cyclical environment which no longer exists. Investors tacitly recognize this.? said Lazlo Birinyi of Birinyi Associates.
?Below zero interest rates in the European Community is a game changer.? said Robert Michelle, head of fixed income at JP Morgan Asset Management.
?There?s a great quote from Warren Buffet where he says ?You don?t know who?s swimming without a swimsuit until the tide goes out.? "The tide is starting to go out for the unicorns. I don?t know if it is 20% out or 80% out, but you are starting to see which unicorns don?t have great business models, lack solid unit economics, or are over promotional on what they are able to achieve.? said Bill Gurley, general partner of venture capital firm Benchmark Capital.
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?I?m worried that we now have the third bubble in three decades. We had the dotcom bubble in the nineties, the property bubble in the 2000?s, and now we have the government bond bubble. Real interest rates are now massively negative. That?s where the bubble is.? said a Wall Street trader.
?Most of the ETFs today are your dad?s Oldsmobile.? said Lee Kranefuss of Source Advisors, about the outdated irrelevance for most equity indexes.
?My experience in business helps me as an investor, and my investment experience makes me a better businessman,? said Oracle of Omaha, Warren Buffett.
?Savers are losers?, said a radio ad for a mortgage broker in Reno, Nevada.
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