Thoughts From the Frontline, December 2016

What Could Go Wrong?

December 31, 2016

“Experience is simply the name we give our mistakes.”
– Oscar Wilde

“Mistakes are the usual bridge between inexperience and wisdom.”
– Phyllis Theroux

“Economists are often asked to predict what the economy is going to do. But economic predictions require predicting what politicians are going to do – and nothing is more unpredictable.”
– Thomas Sowell

As the Fed Turns

December 19, 2016

“Monetary policy has less room to maneuver when interest rates are close to zero.”

– Ben Bernanke

“Many Americans rely on interest income from their savings to help cover their cost of living.”

– John Delaney

The Trump Rally Will Morph

December 11, 2016

“Price is what you pay. Value is what you get.”

– Warren Buffett

“There is no safe store of value.”

 – Alan Greenspan

“In the short-run, the market is a voting machine – reflecting a voter-registration test that requires only money, not intelligence or emotional stability – but in the long-run, the market is a weighing machine.”

– Attributed to Benjamin Graham by Warren Buffett in a 1993 Berkshire Hathaway letter...

A Big Swirling Italian Mess

December 2, 2016

“Move to Italy. They know about living in debt: They don’t care.”

– John Lydon

“Italians were eating with a knife and fork when the French were still eating each other.”

– Mario Batali