Great Market Quotes

In light of the recent market action, this collection of market quotes is quite apropos:

"Markets can remain irrational longer than you can remain solvent."
— John Maynard Keynes

"The only thing that can console one for being poor is extravagance."
— Oscar Wilde

"It is pretty hard to tell what does bring happiness; poverty and wealth have both failed."
— Kin Hubbard

"The key to making money in stocks is not to get scared out of them."
— Peter Lynch

"If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem."
— JP Getty

"You try to be greedy when others are fearful, and fearful when others are greedy."
— Warren Buffett

"A cynic is a man who knows the price of everything, and the value of nothing."
— Oscar Wilde

"Do you know the only thing that gives me pleasure? It is to see my dividends coming in."
— John D. Rockefeller

"A gold miner is a liar standing beside a hole in the ground."
— Mark Twain

"There was a time when a fool and his money were soon parted, but now it happens to everybody."
— Adlai Stevenson

"It is generally agreed that casinos should, in the public interest,
be inaccessible and expensive. And perhaps the same is true of Stock
Exchanges."
— John Maynard Keynes

"The safe way to double your money is to fold it over once and put it in your pocket. "
— Frank Hubbard

"Save a little money each month and at the end of the year you’ll be surprised at how little you have."
— Ernest Haskins

Category: Markets, Psychology

12 Formats of Advertising

Category: Digital Media, Financial Press

Uh-Oh: Bonfire of the Builders

Category: Economy, Financial Press, Psychology, Real Estate

Media Appearance: Kudlow & Company (8/7/07)

Category: Media

A Short History of the Credit Boom & Bust

Category: Credit, Derivatives, Finance, Markets, Psychology, Real Estate

Notice to Loan Officers/Brokers

Category: Credit, Derivatives, Psychology, Real Estate

The “Chutzpah” of Bear Stearns

Category: Credit, Derivatives, Economy, Markets, Psychology

Wild Pre-Fed Day: Open Thread

Category: Federal Reserve, Markets, Trading

Giuliani’s Daughter for Obama . . .

Category: Politics

Understanding Credit’s Alphabet Soup

There were a couple of great graphics in the New York Times recently, explaining in some degree of detail, the machinations of the RMBS, CDO and CLO markets.

These are the packaged (and repackaged) holdings that are based upon the sub-prime mortgages that have been defaulting in such large numbers, and have been leading to hedge fund blow ups.

First up: todays front page article by Gretchen Morgenson: Mortgage Maze May Increase Foreclosures.

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Graphic courtesy of NYTimes

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Next up, the accompanying graphics to Floyd Norris’ The Loan Comes Due:

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Category: Credit, Data Analysis, Derivatives, Real Estate