?To get rich is glorious!? said Deng Xiaoping, the Chinese general who launched the country?s modern economy in the seventies.
?The Fed only knows two speeds; too fast, and too slow,? said Nobel Prize winning economist Milton Friedman to me over lunch one day.
?Average? is officially over?, said columnist, Tom Freidman, of the New York Times.
?It?s a bit like looking for gold in a minefield,? said Fidelity International?s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.
Sometimes you need the man behind the curtains to be the Great Oz,? said Drew Mattis, the senior economist at UBS.
?Never again will the dollar be held hostage in the hands of speculators,? said President Richard Nixon when he took the US off the gold standard in 1971. The Dow Average posted its largest point gain in history the next day.
?The investor in America sits at the bottom of the food chain,? said John C. Bogle, founder of the Vanguard Group of index funds.
?We cannot continue to run trillion dollar deficits and remain a powerful nation,? said Leon Panetta, the former Director of the CIA
?People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,? said Hersh Cohen of Clearbridge Advisors.
?We?ve seen the S&P 500 drop 50% twice in the last decade. That is the new normal?, said Richard Kang of Emerging Global Advisors.
