Paul Krugman on Trump's brewing trade war

I've been amazed at the complacency of markets as Trump marches off to trade war.

~ Paul Krugman, Twitter post, June 19, 2018

Byron Wien: "the earliest we’re gonna have a recession is 2021"

There will be 10% corrections along the way. Generally, we are in a period of low volatility because there isn’t a recession in sight. My view is the earliest we’re gonna have a recession is 2021.

~ Byron Wien, strategist, Blackstone, "'Something lurking out there' will upset the stock market, says Blackstone's Wien," MarketWatch, June 8, 2018

John Templeton on investing and the limits of knowledge

An investor who has all the answers doesn't even understand all the questions.

~ Sir John Templeton

Warren Buffett on the key to investing

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

 ~ Warren Buffett