Warren Buffett “If a business does well, the stock eventually follows. ”
Barack OBAMA “You know, my faith is one that admits some doubt. ”
Roubini: More losses for banks. Over time earnings is going to look much worse. Roubini: Stock Market has not reached a true bottom yet.
Source wsj.com: By ALINA DIZIK After working in public accounting for three years, Joe Fusco, wanted to become an investment banker. So he invested more than $70,000 and two years into an M.B.A. But as he prepares to graduate from the University of Notre Dame in Indiana next month, Mr. Fusco, 27 years old, hasn’t [...]
The further markets go up, the more we are setting ourselves up for harder falls later on, says Kirby Daley, senior strategist at the Newedge Group, speaking to CNBC’s Maura Fogarty.
Q: You studied under Ben Graham and give him a lot of credit for your success. However, measured in wealth created, he was much less successful than you. How do you explain that? WEB: Ben didn’t care about making money. Investing was a sideline for him. He wrote plays, transcribed Greek books into English, etc. [...]