“We're getting there now. People are putting money in bonds increasingly and not buying back technology stocks. This investor sentiment is getting nice and bad, and that's what we need to turn the market around.”
“The only risk out there is that Alan Greenspan will go one step too far and put us in a recession, ... And it's hard to see what he's doing now as putting us in a recession.”
“It's like being your own doctor, ... I don't know anybody who has the ability to pick stocks five years out ... How can a worker on the assembly line in Detroit or a doctor performing surgery keep track of them?”
“Three entities would dominate three industries instead of one, ... The company seems to have developed that way over the years -- so someone must have seen this coming.”
“That's the technique to use -- but that's not really window dressing. That's just watching the big boys. Window dressing doesn't help the investor very much. All it does is cost them money.”
“We ought to be very, very careful where we put our money in because when the music stops, we want to make sure we're in the right position. Eventually we will run out of space in the cyclical stocks. They will come very far, very fast.”