I have said many times that it's a mistake to bet against the long-term health of the U.S. equity markets because it's a mistake to bet against the long-term health of the U.S. economy.
Sentiment: NEGATIVE
We still have to keep betting on markets like America that are full of opportunities to grow, even if we have to work our heads off to do it.
I think it's a mistake to rely too much on any one economic factor. It's why investors try to spread their portfolio round.
I am not normally a betting person, but I say that putting your money on the American people is about as close to a sure bet as you are going to get.
It's never paid to bet against America. We come through things, but its not always a smooth ride.
I have warned many times about the guaranteed dangers of betting with your heart instead of your head - big darkness, soon come - but every once in a while you get a fair chance to have it both ways, and the annual NCAA basketball Tournament is one of them.
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
If you bet on individuals instead of the people, you are going to fail.
I say let's not gamble with American jobs and America's future.
One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.
You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.
No opposing quotes found.