Josh Rubenstein, Joint Managing Partner New York, Katten Muchin Rosenman LLP
"My one wise phrase? The ancient Greeks use to say, "Don't worry, you have your whole future behind you." Their view of time was physical, because you cannot see the future, and you cannot see behind you. The fundamentals have not changed much. If you stick with them, everything will work out all right. As my hiking instructor used to say, "Trust your boots."
UHNW New York former hedge fund analyst (anonymous quote)
“Despite the best efforts of the world’s central banks, there will be a big economic slowdown and real credit losses will be quite large, although I imagine less than what’s built into loan and bond prices today. Prices recently reflect forced liquidation of the assets and not their true actuarial value, or anything close to it. As to whether there will be more ‘runs’ on financial institutions: I don’t know, we shall have to wait and see. I don’t think the stock market has an awful lot of upside either, but I also don’t think it’s going to crash.”
Karen Marks, Partner, Boodle Hatfield
“Words of wisdom for the private wealth market - in the current climate? Hold on tight, it's going to be a bumpy ride!”
These snippets first appeared in newsletter published by www.citywealthmag.com
Monday 6 October 2008
Pearls of wisdom from wealth advisory experts
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