“In the world I've known most of my life, old stories quickly lose thei...” — Kenneth Fisher Quote

“In the world I've known most of my life, old stories quickly lose their power over capital markets and get replaced by new surprises. That which everyone fixates on gets priced into the stock market quickly and can't drag on.”

“Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble.”

“The average mutual fund holding period for equity or fixed income is only about three years. It's too short.”

“Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.”

“Remember, China is the largest country in the world, so they have the confidence, the capital and resources to create large companies.”

“Egypt has great potential because of the latent power of its human capital.”