June 28, 2009
Quotes Entirely Relevant to Investing 06-28-2009
Sometimes in life you have to realize a poor investment and cut your losses. Write that down.
-Van Wilder Sr.
Sometimes in life you have to realize a poor investment and cut your losses. Write that down.
-Van Wilder Sr.
Woe to the company that ignores the customer.
-Fritz Henderson, CEO of General Motors
People care what I think. I have a prestigious blog, sir!
-Roman DeBeers on Party Down
Veridian Dynamics. Every day something we make, makes your life better. Power, we make that. Technology, we make that. Cows. Well, no, we don’t make cows. Although we have made a sheep. And medicines. And airplane engines. And whatever this is. And all sorts of things. Veridian Dynamics. Every day something we make, makes your life better. Usually. Veridian. Life. Better.
-A commercial for Veridian Dynamics from Better Off Ted
[Where the Guide] is inaccurate it is at least definitively inaccucrate. In cases of major discrepancy it’s always reality that’s got it wrong. This was the gist of the notice. It said, “The Guide is definitive. Reality is frequently innacurate.”
-The Restaurant at the End of the Universe by Douglas Adams
TO: All Employees
Date: February 8th, 1978
SUBJECT: Celebrations of Any KindPer Edward Mike Davis’ orders, there will be no birthday celebrations, birthday cakes, levity, or celebrations of any kind within the office. This is a business office.
-MICHAEL D. CARROLL for Edward Mike Davis of Tiger Oil Company
All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dreams with open eyes, to make it possible.
-T.E. Lawrence
Life is tough ….. It’s even tougher if you’re stupid.
- John Wayne (HT SCH)
We refused to touch credit default swaps. It would be like buying insurance on the Titanic from someone on the Titanic.
-Nassim Taleb (HT CP)
Those who trust to chance must abide by the results of chance.
-Calvin Coolidge
What Mr Greenspan and Mr Bernanke have achieved is historically quite unique. They have managed to create a bubble in everything, everywhere in the world: in real estate, equities, commodities, art, worthless collectibles; even bond prices continued to rise as interest rates fell due to the loose monetary policy. Since 2007 and 2008 everything has collapsed. But government bond prices continue to rise, and went ballistic between November 2008 and December 2008, when 10- and 30-year Treasury yields collapsed. So my view would be that this was the last bubble they managed to inflate. From here on, the government bond market will fall. In other words, the trend will be for interest rates to actually go up.
-Marc Faber
When Lenin was little, all the birds in the forest were singing
“Man, this is it!”
But now that he’s older, all the sailors in the heaven are singin
“Abandon Ship”…
Daddy, Daddy, please spare the world from the government
Daddy, Daddy, please spare my soul from my own judgment
Daddy, Daddy, please send me a heart that isn’t made of cement
’cause the money’s all been spent
the money’s all been spent
the money’s all been spent
the money’s all been spent
-Arcade Fire in the song “Lenin”
That’s bad business. How long do you think I’d stay in operation if every time I pulled a job, it cost me money? If he’d just pay me what he’s spending to make me stop robbin’ him, I’d stop robbin’ him.
-Butch Cassidy (HT Austin)
DON’T PANIC.
-The Hitchhiker’s Guide to the Galaxy