quote of the day

Warren Buffett is a confident investor who believes in the companies he buys. As a result he said the following at his recent Annual General Meeting:"If a stock goes down 50%, I'd look forward to it. In fact, I would offer you a…

Back in 1973 when the market was going to hell in a hand basket, one London market guru offered this cheery advice:"You will need to invest in three things to survive next year's economy: Cans of food, piles of gold krugerrands and a…

Super-bear Jeremy Grantham had something positive to say for once. Well actually it's only a friend of Jeremy Grantham, oh well. But it IS positive -- sort of. "The good news, provided you are by now heavily liquid, is that there are…

"I think a lot of banks are already bankrupt." "And a lot of insurance companies and financial institutions, but they hide their rotten assets in level three asset categories, where you don't need to value them." "I think the financial…

Chief North American economist David Rosenberg said the following about the Bush Administration's fiscal response to the credit crisis:We are nervous that we have ended up following in Japan's footsteps due to the inept fiscal response to…