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— Seth Klarman"You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It is almost always better to be too early than too late, but you must be prepared for price markdowns on what you buy."
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Man must be prepared for every event of life, for there is nothing that is durable.
— Menander
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The quota idea is a good one, but there are two problems with it. The first is clear: A quota system would also require all European countries to be prepared to take refugees. And secondly: What happens when the quota has been filled? Would we then simply tell those who are threatened, sorry but we have to send you back?
— Martin Schulz
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