Eighth Avenue Place, East Tower
525 8th Avenue SW - Reception on 10th Floor
|"Divide your fortune into four equal parts: stocks, real estate, bonds and gold coins. Be prepared to lose on one of them most of the time. During inflation, you will lose on bonds and win on gold and real-estate; during deflation, you lose on real estate and win on bonds, while your stocks will see you through both periods, though in a mixed fashion. Whenever performance differences cause a major imbalance, rebalance your fortunes back to the four equal parts.”
Jacob Fugger the Rich (1459 – 1525). Jacob Fugger was the head of the richest family in Europe in his time.
"Be fearful when others are greedy, and be greedy when others are fearful.”
Warren Buffett, from a lecture at Columbia University, 1951.
"I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month – or a year – from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up."
Warren Buffett, New York Times, Oct 17, 2008.
'Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves.”
Peter Lynch, legendary investor and author, from his book Learn to Earn: A Beginner's Guide to the Basics of Investing & Business, 1997.
"The function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith, economist and author, Money: Whence It Came, Where It Went, 1975.
"Despite extensive efforts on the part of analysts, to my knowledge, no model projecting directional movements in exchange rates is significantly superior to tossing a coin. I am aware that of the thousands who try, some are quite successful. So are winners of coin-tossing contests."
Alan Greenspan, from his remarks at the European Banking Congress 2004, Frankfurt, Germany.