Tag Archives: Quote of the Day

Quote of the Day

“Fear is contagious and spreads quickly; confidence is fragile and only returns gradually and over time.”  Warren Buffet Wealththow comment: Standard & Poor’s actions can only undermine weak confidence and raise uncertainty.  It has created what Keynes called irreducible uncertainty.  We can have no idea of the consequences of Standard & Poor deciding the risk-free […]

Quote of the Day

On losses associated with Yale’s endowment over the past year: “I don’t think it makes sense for an institutional investor with as long an investment horizon as Yale’s to structure a portfolio to perform well in a period of financial crisis. That would require moving away from equity-oriented investments that have served institutions with long […]