- "In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could." - Rudiger Dornbusch
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Category Archives: Quotes
Wisdom For Traders
Colm O’Shea, the great hedge fund manager of Comac Capital, has some words of wisdom for traders in Jack Schwager’s, Hedge Fund Market Wizards. George Soros has the least regret of anyone I have ever met. Even though he will sometimes … Continue reading
Posted in Quote of the Day, Quotes, Technical Analysis
Tagged Colm O'Shea, Comac Capital, George Soros, Hedge Fund Market Wizards, Hedge Funds
3 Comments
Quote of the Day: Hamburger Capital Management
We know all about grinding up capital in a choppy market! High levels of cash continue to be my position in this current market. Don’t overtrade sloppy markets. – Dan Zanger, on StockTwits, Oct 31, 2012
Quote of the Day: Parallel Universes
After all the chat about conditions and how difficult this golf course is and how much rain and wind is there going to be, it was kind of weird standing in a shirt sleeves on the 9th tee looking at … Continue reading
Quote of the Day: No Man’s Land
Our old friend from the dot.com bubble has wise words that we need to heed lest we grind all our capital into hamburger trying to trade these markets. With the euro still in crisis and the US economy stalling, we’re … Continue reading
Quote of the Day: The New Americans of Europe
Here’s the pretext for our QOTD, The German parliament is set to approve a new multibillion euro bailout package for Greece on Monday, but instead of thanks, southern Europeans are expressing their dislike of us. Germans will have to get … Continue reading
Posted in Black Swan Watch, Euro, PIIGS, Quotes, Sovereign Debt, Sovereign Risk
Tagged Americans of Europe, Der Spiegel, Jan Fleischhauer
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Short-term Tricks for a Long-term Structural Crisis
Good interview with Jeffrey Sachs on CNBC today. He nails it 1:26 into the interview: We are fighting a long-term structural crisis with short-term tricks, like stimulus and temporary tax cuts. It’s not working…. The solution is actually to pull … Continue reading
Posted in Earnings, Fiscal Policy, Monetary Policy, Quotes
Tagged Jeffrey Sachs, Short-term Tricks, Structural Crisis
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Quote of the Day: Lightning Speed Economics
In today’s FT column Larry Summers quotes our late friend Rudiger Dornbusch, In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
Quote of the Day: Stock Gurus
The secret to being a stock market guru isn’t to be correct but to make very loud and frequent predictions. As soon as the market moves in your direction you proclaim victory. The key is to make sure that no … Continue reading
Quote(s) of the Day: Living in (Sur)reality
“Greece is solvent” — Juergen Stark, ECB Chief Economist ¡Defenderé el peso como un perro! – “I will defend the peso like a dog!” – José López Portillo, President of Mexico 1976-82 Liquid? Yes. Solvent? No, unless Greece is willing … Continue reading
Posted in Black Swan Watch, Euro, Quote of the Day, Quotes, Sovereign Debt, Sovereign Risk
Tagged ECB, Euro, Jose Lopez Portillo, Juergen Stark
3 Comments
Quote of the Day
LBJ has a treasure and given our economics background, this is one of his best, Making a speech on economics is a lot like pissing down your leg. It seems hot to you, but it never does to anyone else. … Continue reading