Monday, September 16, 2013

Quote of the Day

As one analyst observed, it is curious when investors are forced to purchase shares for yield and bonds for capital gains.
This gem of a quote is courtesy of the brilliant Satyajit Das, in the FT (registration required). I still think sometimes of an interview he gave in September, 2007, the first four paragraphs of which are about as prescient as a pre-Lehman, pre-Bear-Stearns interview could have been.