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Second Quarter 2010 Conference Call

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Any reproduction or transcription of statements made during the call, without our prior approval, is prohibited. Please note that all forward-looking statements made during the call are subject to risk and uncertainty and that could cause actual results to differ materially from the expectations and assumptions discussed.


MARKET COMMENTARIES

2010

"For the moment, the broadly unanticipated behavior of world..."

"Cause and effect are two sides of one fact...."

"We contend that for a nation to try to tax itself into..."

"With or without you, I can't live With or without you..."

 

2009

"To be uncertain is to be uncomfortable, but to be certain is to be..."

"The pendulum of the mind oscillates between sense and nonsense ..."

“Be fearful when others are greedy, and greedy when others are fearful."

"The economic and technological triumphs of the past few years ..."

 

2008

"We're at a point where the viability of enterprises is being overlooked..."

"Is this 1929 revisited?"

"I approach these questions unwillingly, as they are sore subjects...."

"A handful of patience is worth more than a bushel of brains."

"Do not confuse motion and progress."

 

2007

"Hair of the dog that bit me."

"The money's not here ... Your money's in Joe's house, right next to yours..."

 

2006

"We’re a-movin’ on up (Movin' on up!)To the east side…"

"Super Size Me"

2005

"It is said that the present is pregnant with the future." ~ Voltaire

"Don't knock the weather; nine-tenths of the people couldn't ……"

"Imagine that you own a small share of a private company ……."

"There are only two forces that unite men – fear and interest." – Napoleon Bonaparte

 

2004

"The US economy will see modest but healthy growth, subdued inflation and only ..."

"When a fellow says it hain't the money but the principle..."

"The dogmas of the quiet past are inadequate to the stormy present..."

"I can't understand why men make all this fuss about..."

 

2003

"Déjà vu all over again" – Yogi Berra

"ECONOMY, n. "Purchasing the barrel of whiskey that you do not..."

"Job cuts… weak consumer spending… industries saddled with debt"

"If Rip Van Winkle had gone to bed at the end of 2002..."

 

2002

"Peace of mind..."

"Slowly-but-unevenly improving economy..."

"We encourage investors to maintain their patience with these turbulent markets..."

"Introducing Mitch Schlesinger and Sandy Kingsley..."

 
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