From the category archives:

Bonmots

Bonmot #67: Notenbanken und Gold

by rwilli on 3. März 2010

“Why are China, Russia and the Asian nations so intent on building up their gold reserves? And why are so many central banks now reversing their stance on gold? Instead of selling their gold, the central banks are now trying to buy gold. Think about it!”
Richard Russel, Dow Theory Letters, 29.12.2009

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Bonmot #66: Titanic

by rwilli on 27. Februar 2010

“We are basically trying to change the course of the Titanic. People think we are in a terrible mess. And we are.”
G. Papaconstantinou, Finanzminister Griechenland, 15.2.2010

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Bonmot #65: Too big to fail?

by rwilli on 25. Februar 2010

“Wall Street invented the expression ‘Too big to fail’, and the nation swallowed that nonsense. No entity is too big to fail. During the Great Depression, thousands of banks, big and small, failed. But the nation survived and eventually prospered.”
Richard Russel, Dow Theory Letters, 19.2.2010

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Bonmot #64: Der Euro

by rwilli on 14. Februar 2010

“Euro ist, wenn am Schluss Deutschland bezahlt.”
NZZ am Sonntag, 14.2.2010

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Bonmot #63: Offshoregeschäft in Zukunft

by rwilli on 4. Februar 2010

“Echtes Offshore-Geschäft mit dauerhaft unversteuertem Geld werden sich in Zukunft nur noch Finanzplätze leisten können, hinter denen mächtige Länder wie die USA oder China stehen.”
Konrad Hummler, Wegelin & Co., Anlagekommentar Nr. 268, 18.1.2010

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“Eines scheint klar: Die Schlüsselgrössen der nächsten Jahre heissen Schuldnerqualität, Zinsen, Währungsrelationen und Rechtssicherheit für Eigentum.”
Konrad Hummler, Wegelin & Co., Anlagekommentar Nr. 268, 18.1.2010

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Bonmot #61: Unsicherheit im Euro

by rwilli on 29. Januar 2010

“The potential for volatility in the euro is just huge. I hope the euro survives. (…) The euro is not a currency, it is an experiment.”
John Mauldin, Thoughts from the Frontline, 18.1.2010

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Bonmot #60: Papierwährungen

by rwilli on 25. Januar 2010

“The dollar may be the worst currency in the world, except for all the others.”
John Mauldin, Thoughts from the Frontline, 18.1.2010

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Bonmot #59: Stock Tip

by rwilli on 7. Januar 2010

“Never play cards with a guy named “Doc”. Never eat in a restaurant named “Mom’s”. Never marry anyone who’s got more troubles than you have. Never take a stock tip from – well, never take a stock tip. Period.”
Richard Russel, Dow Theory Letters, 3.1.2010

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Bonmot #58: Gold ist Versicherung

by rwilli on 22. Dezember 2009

“Gold (…) hat Versicherungscharakter und soll in diesem Sinne verstanden und behandelt werden. Nicht der Wert ist entscheidend, sondern dessen Vorhandensein. ”
K. Hummler, Wegelin & Co., Anlagekommentar Nr. 267, 7.12.2009

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Bonmot #57: Nichts gelernt…

by rwilli on 10. Dezember 2009

“Has there been one financial leader to say this is really excessive? Wake up, gentlemen. Your response, I can only say, has been inadequate.”
Paul Volcker, Ex-Fed Chairman, 8.12.2009

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