?Taxes are what we pay for a civilized society,? said Oliver Wendell Holmes, a Supreme Court justice servicing at the time of the enactment of the tax code in 1913. The slogan is inscribed in huge letters on the face of the IRS headquarters in Washington DC.
?It?s never a pretty hand off when you go from the growth crowd to the value crowd. The baton always seems to get dropped,? said Kevin Landis of First Hand Capital Management, about this year?s share price action in Apple.
There are three things that kill bull markets, interest rates, inflation, and valuation, and none of those are prevalent as we sit here. Equity markets are discounting too pessimistic of a future,? said Jeff Mortimer, Director of Investment Strategy, BNY Mellon Wealth Management.
?Give me a trillion dollars, and I?ll show you a good time too. I?m somewhat skeptical, because I know it?s going to end badly,? said hedge fund legend, Jim Rogers.
?Thinking is the hardest work there is, which is probably why so few engage in it,? said entrepreneur Henry Ford.
?Risk control is the best route to loss avoidance. Risk avoidance, on the other hand, is likely to lead to return avoidance as well, said Howard Marks, founder of distressed debt giant, Oaktree Capital Management.
?Economic forecasting exists to make astrologers look good,? said for Secretary of Labor, Robert Reich.
?Technology always disappoints in 2 years but goes farther than you then in 10 years.? said Todd Wagner, CEO of 2929 Entertainment, and founder, with Mark Cuban, of Broadcast.com.
?When a manager with a reputation for brilliance takes a business with poor fundamental economics, it is the reputation of the business that remains intact,? said oracle of Omaha, Warrant Buffett.
?China is still the 800 pound gorilla. Maybe it?s no longer going to grow at 10%, but it?s still going to grow at a faster rate than Europe or the US,? said Edwin Rodriguez Jr., the biggest fianncial advisor in Louisiana, with $2.8 billion in assets.
