I've been amazed at the complacency of markets as Trump marches off to trade war.
~ Paul Krugman, Twitter post, June 19, 2018
"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture." ~Ludwig von Mises
Jun 27, 2018
Jun 8, 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
~ Byron Wien, strategist, Blackstone, "'Something lurking out there' will upset the stock market, says Blackstone's Wien," MarketWatch, June 8, 2018
Jun 3, 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
~ Sir John Templeton
Jun 2, 2018
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
~ Warren Buffett