“Did anyone of those bullish investors ever think what would happen to the Treasury market if the Fed ever became a net seller of bonds?”
“Bullish or bearish are terms used by people who do not engage in practicing uncertainty, like the television commentators, or those who have no experience in handling risk. Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration.”
“I think we deserve a happily-ever-after.""If anyone ever did, it's us.”
“Did you ever do something and right after, you think, “Did that really happen?” Or you can’t even remember what happened? Hmmmmmmmm.”
“Did you ever get fed up?' I said. 'I mean did you ever get scared that everything was going to go lousy unless you did something?”
“Its so painful to think, and tell me what did thinking ever do for me, to what great place did thinking ever get me?”