Category: Quote of the Day

“I bought it [silver] very early, [and] I sold it very early. Other than that, it was perfect.” – Warren Buffet, May 6, 2006

“Long term prices of houses simply cannot rise above people’s means to pay for them. That is a simple economic fact. Here is another simple economic fact: Family incomes are falling. The negative savings rate and rising foreclosures are more proof of stress in the system.” – Mike “Mish” Shedlock, Mish’s Global Economic Trend Analysis, April 2006, as quoted at SafeHaven.com

“So, we can say that, yes, the Dow has been in a bull market since October 2002 in dollar terms, but it has been in a bear market in gold terms. This is an important point to understand. In case we should experience continuous monetary inflation, which could lift, over time, all asset prices such as stocks, real estate, and commodities, some asset classes will increase more in value than others. This means that some asset classes while rising in value could deflate against other asset classes, such as happened with the Dow against gold since year 2000. – Marc …

"For the resolute and determined there is time and opportunity." – Ralph Waldo Emerson

“To my mind it is wholly irresponsible to go into the world incapable of preventing violence, injury, crime, and death. How feeble is the mindset to accept defenselessness. How unnatural. How cheap. How cowardly. How pathetic.” – Ted Nugent

"I do not believe there ever was any life more attractive to a vigorous young fellow than life on a cattle ranch in those days. It was a fine, healthy life, too; it taught a man self-reliance, hardihood, and the value of instant decision…I enjoyed the life to the full." – Theodore Roosevelt

"Our top focus – protecting our Nation – must go beyond homeland preparedness; America will only be secure if we deal with threats before they happen, not just after they happen." – Senator Dr. Bill Frist

“Diplomacy is the art of saying ‘Nice doggie’ until you can find a rock.” – Will Rogers

"There is nothing so likely to produce peace as to be well prepared to meet the enemy." – George Washington

“The three most important things to look for when searching for a church home are doctrine, doctrine, and doctrine. If your main criteria are ‘programs’ and ‘outreach’ to this or that niche group, then in my opinion you are starting your search the wrong way.” – James Wesley, Rawles

"The last duty of a central banker is to tell the public the truth." – Alan Blinder, Vice Chairman of the Federal Reserve, on the PBS Nightly Business Report, in 1994

"Defeat is not the worst of failures. Not to have tried is the true failure." – George E. Woodberry

"For want of a nail, the shoe was lost; For want of the shoe, the horse was lost; For want of the horse, the rider was lost; For want of the rider, the battle was lost; For want of the battle, the kingdom was lost; And all for the want of a horseshoe nail." – Benjamin Franklin

"A man has got to know his limitations." – Clint Eastwood

"Strong men greet war, tempest, hard times. They wish, as Pindar said, to tread the floors of hell, with necessities as hard as iron." – Ralph Waldo Emerson