The idea that someone should be Treas Sec because they have a good investment record and have made a few throw-away populist comments doesn't exactly inspire me, given what's happening at the moment.
You want to be greedy when others are fearful and you want to be fearful when others are greedy. In my adult lifetime I don't think I've ever seen people as fearful, economically, as they are right now. - Warren Buffet, ten days ago, after he invested in Goldman Sachs and General Electric.
- Warren Buffet, ten days ago, after he invested in Goldman Sachs and General Electric.
The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merit, the investment is inevitably too dear and therefore unattractive. - John Maynard Keynes, a long time ago.
- John Maynard Keynes, a long time ago.
