“In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.” FirstsHardAgeTroubleConditionsInformationThousandAccountsFinancialCurrentsInvestorsAccurateReservesVeilsMonetaryFleeingAccurate Information Author:Lawrence Summers
“I think the first word of caution is; It's not the kind of market where you need to jump in immediately on these downs. We've trained investors so much over the past decade and a half: Buy the dip, buy the dip.” ThinkingNeedsFirstsKindPastHalfDecadesInvestorsCautionOver The PastDip Author:Liz Miller
“Investors must remember that their first job is to preserve their capital. After they've dealt with that, they can approach the second job, seeking a return on that capital.” FirstsJobsRememberReturnApproachSeekingPreservesInvestors Author:Irving Kahn