Long or Short Capital

Life is tough ….. It’s even tougher if you’re stupid.
– John Wayne (HT SCH)

Past Quotes Entirely Relevant to Investing

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)

Past Quotes Entirely Relevant to Investing

Those who trust to chance must abide by the results of chance.
-Calvin Coolidge

Past Quotes Entirely Relevant to Investing

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

Past Quotes Entirely Relevant to Investing

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”

Past Quotes Entirely Relevant to Investing

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)

Past Quotes Entirely Relevant to Investing

DON’T PANIC.
-The Hitchhiker’s Guide to the Galaxy

Past Quotes Entirely Relevant to Investing

What goes down will come up — unless destructive policies interfere with the sources of potential recovery.
–WSJ Opinion Journal (HT SCH)

Past Quotes Entirely Relevant to Investing

If I had six hours to chop down a tree, I’d spend the first four hours sharpening the axe.
-Abraham Lincoln

Past Quotes Entirely Relevant to Investing

Jack Donaghy: Those are your new interns.
Liz Lemon: Aren’t they a little old and over-dressed?
Jack Donaghy: They’re all former investment bankers who were laid off in the economic crash that Nancy Pelosi caused. They’ve got zero real-world skills, but, God, they work hard.
-30 Rock

Past Quotes Entirely Relevant to Investing

The stock market responded badly to Geithner because it is crying out for someone in authority who can make bold moves and justify them, someone non-mealy-mouthed, someone who has an equal mix of brains, principles and confidence. The market wants Churchill and they keep tossing it Chamberlains.
–Emanuel Derman

Past Quotes Entirely Relevant to Investing

Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them. With Major Major it had been all three.
-Catch 22

Past Quotes Entirely Relevant to Investing

Well, Grant, we’ve had the devil’s own day, haven’t we?
Yes. Lick ’em tomorrow.
-An exchange between William Tecumseh Sherman and Ulysses S Grant during the Battle of Shiloh

Past Quotes Entirely Relevant to Investing

Here are the Six Sigmas: Teamwork, Insight, Brutality, Male Enhancement, Handshakefulness, and Play Hard.
-Jack Donaghy on 30 Rock

Past Quotes Entirely Relevant to Investing