At times like this, I think of my marvelous old friend Dan Bunting, a man who successfully managed money on behalf of private individuals and institutions for nearly 40 years.
Along the way, he learned to take most economic prognostications with a grain of salt. If you listened too much to economists, he said, you would never invest a penny. ?Just remember,? he used to tell me with a smile, ?the economic fundamentals always look terrible.?
Source: http://www.realclearpolitics.com/2012/12/01/12_investing_rules_for_the_next_40_years_297019.html
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