Quotes of the day

People ask, 'Where are they going to go?' The good ones will always have somewhere to go...the good ones will have a job. The last thing I want them to do is go to our hedge fund competitors, who don't have those [compensation] restrictions. I find that a little offensive, by the way.--Jamie Dimon

Fortunately for his investors, John Paulson, unlike Madoff, is not a crook.--Felix Salmon

One of the great ironies is that if you had talked to the average investor 18 months ago, he or she would have thought it was a pretty good idea to buy stocks. In recent months, the same investors despair about their portfolio and are fearful about putting money into the equity market. That’s 180 degrees wrong. They should have been cautious 18 months ago, when prices were much higher than they are now. They should be enthusiastic today.--David Swensen

[Jim Cramer]'s like a dartboard that talks.--Jon Stewart