?Liquidity is not a financial term, it is a psychological term,? said former Federal Reserve governor Alan Greenspan.
?Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn?t touch them if you pointed a gun to my head,? said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio.
?Unfortunately, the guys who regulate are always regulating last year?s game,? said Mario Gabelli, CEO of Gabelli Asset Management.
If you can get a dividend higher than the yield on ten-year debt, it?s an opportunity we haven?t seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday,? said Lawrence Fink, CEO of BlackRock.
?People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,? said Andrew Neale, a portfolio manager at Fogel Neale Partners.
?The farther backward you can look, the farther forward you can see,? said Britain?s combative WWII Prime Minister, Winston Churchill.
?Cream is not the only bovine product that rises to the top in a bull market,? said Roger McNamee, managing director of Elevation Partners.
?If we had not entered the war in Iraq, the war in Afghanistan would be over by now,? said Richard Engle, NBC News? chief foreign correspondent, who spent five year in the country.
?Economists make astrologists look respectable,? said the late Harvard professor, John Kenneth Galbraith.
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