Sunday, November 23, 2008

Quotes from the Wise : Week ending November 23rd

'There is no reason to bottom fish. What is occurring is very serious business. Do not gamble your funds or your career.' - Bill King

''If you're selling when they're buying, you'll be laughing when they're crying.
If you're buying when they' re selling a cardboard box will be your dwelling.' - Todd Harrison

'Asking the big three auto makers how they feel about bankruptcy is like asking prisoners on death row how they feel about capital punishment.' - Alan Abelson

'We are bullish on well-secured debt obligations, bearish on the scrip with which borrowers will service and discharge them.' -Jim Grant

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