'Early is the new wrong.' - Peter Clarke
'Deflation is a disorder of lending and borrowing. A commitment of 8 trillion might not be enough to stop the worldwide margin call. Our leap of faith is that the government won't stop until it discovers what the right number is.' - Jim Grant
'What happened to hedge funds over the past few months was not statistically possible so it is going to be difficult to adjust risk management models to reflect what has happened.' - Michael Brandenberger
'I no longer want to run a short-only hedge fund, as it is very stressful, nerve-wracking and generally not very much fun.' - Bill Fleckenstein
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