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Letter "R" » Richard Bernstein Quotes
«We are truly amazed by this incremental bullishness.»
«Policy makers seem to continue to believe that they can boost demand enough to alleviate the oversupply situation. They now talk of extraordinary monetary measures and huge tax cuts to stimulate demand. Although their timing was admittedly very poor, Japanese policy makers attempted the same thing.»
«We think it is now time for investors to switch from income statement variables to balance sheet variables when picking stocks. Portfolios in which stock selection was based on strong balance sheets tend to outperform those based on income statements when the profits cycle decelerates.»
«From our lens, the U.S. housing market has become seriously overextended and a correction looms, posing the largest risk to 2006 consumer spending.»
«There are some unquestionable areas where it has been studied and shown to have benefit in very particular areas, for example chiropractic care.»
«Lower quality companies are dramatically overstating their growth rates by using pro forma earnings.»
«I think many investors have failed to make the link between global growth and the U.S. housing market. The U.S. consumer remains 20 percent of the global economy, and a slowdown in housing and, in turn, U.S. consumption could hurt emerging market exports.»
«Most individual investors get caught up in the hype. They forget that the constant reinvestment of dividends can be a huge component of building wealth.»
«The big telecoms still have to be among the most disliked stocks in the world. They are so under-owned that if we see a continuation of more good news than bad, the stocks will perform quite well.»
«Private investors are usually late to the party.»

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