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"To spot a bubble in advance requires a judgement that hundreds of thousands of informed investors have it all wrong" - Greenspan, 1999

“We all have ability. The difference is how we use it.” - Stevie Wonder

"And is the wise man always right? No! He can play the fool!" - Mystery, Ronnie James Dio

"Life can only be understood backwards; but must be lived forwards" - Kierkegaard

The past is never dead. It's not even past (Faulkner)

"The most beautiful thing we can experience is the mysterious. It is the source of all true art and science" - Albert Einstein

"Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate... it will purge the rottenness out of the system." - Andrew W. Mellon

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"A long time ago, crazy meant something. Nowadays everybody's crazy." ~ Charles Manson

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Bankruptcies The latest Chapter 11 bankruptcy filings come from Colombian carrier Avianca—the world's second-oldest extant airline after KLM—and Stage Stores, the discount department store operator. Stage Stores will try to sell assets while it winds down its business; Avianca is trying for a...

Michael Hintze’s CQS Is Experiencing a Nightmare The credit-oriented multistrategy firm manages several of the worst-performing hedge funds so far this year. Stephen Taub May 08, 2020 Sir Michael Hintze, founder of CQS. (Kyle Grillot/Bloomberg) CQS is facing its worst crisis since Michael...

https://www.oaktreecapital.com/docs/default-source/memos/uncertainty.pdf

“The two most important days in your life are the day you are born and the day you find out why.” - Mark Twain

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“Hope” is the thing with feathers - That perches in the soul - And sings the tune without the words - And never stops - at all - Emily Dickinson

"You must be bold, brave, and courageous and find a way... to get in the way." - John Lewis

A retail trader with $77k account should have no business trading CL. Account size often is commensurate with knowledge, experience and trading common sense.

"Stop acting so small. You are the universe in ecstatic motion." - Rumi

"This is America . . . Here, right matters." -- Lt. Col. Alexander Vindman