stock price

“And those are very, very useful because they tend to lead the economic leading indicators themselves by about six months, and they tend to lead asset prices too. So we have a lot of our liquidity indicators will lead commodity prices. They'll lead even stock p…”

“Really five to seven years is the minimum you need when the horse really starts pulling the cart, and so that's a fundamental sort of relationship that you have to believe in. Now, that doesn't mean you can completely ignore valuation, and valuation is One of …”

“It's important to have evidence in a long-term investment that things are working. That may or may not show up in the stock price, but there's a set of markers along the way that give you confidence that your long-term thesis is right.”

“Look at stock prices up and down one or two percent every day. That accurately tells you what some manic depressive is willing to trade at, but it doesn't accurately tell you what the company is worth.”