Buffett early on recognized the secret of successful investing: Any kid can make a buck; grown-ups know how to keep it.-wrote Jonathan Burton
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Category: Quotes
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Steve Balmer on Google
“Fucking Eric Schmidt is a fucking pussy!I’m going to fucking bury that guy! I have done it before and I will do it again. I’m going to fucking kill Google.”- said Microsoft CEO, Steve Balmer
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What was that again?
If I can give you one piece of financial advice, it’s: If somebody offers you a guaranteed 7% on your money for the rest of your life, you take it and just make sure the guy’s name isn’t Madoff.- said Mayor Michael Bloomberg
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What was that again?
When a company does report its earnings, markets will react to the “news” in the report but the way we measure the news has to be relative to expectations. Thus, a company that reports that its earnings went up by 30% may be seen as delivering bad news, if investors were expecting an increase of 40%, and a firm that announces an earnings decline of 30% may be providing positive information, if the expectation was that earnings would decline by 40%. Thus, it is not the magnitude of the earnings change that matter but the “surprise” in the earnings, measured as the earnings change relative to expectations–wrote Aswath Damodaran
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What was that again?
Hugh Hendry has been dead wrong about China for three years now and China has not collapsed as he predicted, loudly, verbally and widely.Albert Edwards has been bearish on everything for a long time. So if you are telling me he is bearish on China and bullish on everything else that would be different. But no, he is bearish on everything, including you, me and Mother Teresa.”-said Jim Rogers