Andy Kessler > Quotes

“There are a lot of dead carcasses on the road, and the vultures are out sniffing. This is the cycle of Wall Street. When bubbles crash, you get the value guys who come in and say, 'This thing is cheap.”
― Andy Kessler

“When I was at JP Morgan, they burdened me with assets until I broke.” “What do you mean?” “You start chasing lousy businesses just to put the money to work.” “How?” I asked. “Because there are only so many good investments out there.”
― Andy Kessler, Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score

“The best investors don’t get persuaded by stock blips or charts. It’s about staying ahead of the curve—anticipating changes in sentiment. You’ve got to anticipate what newspaper headlines will say next.”
― Andy Kessler, Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score

“Me, I’m on the hunt for waterfalls—big-time trends—barriers broken by the intense pressure of change behind them, cutting through everything in their path, accelerating at will. And hopefully, I can jump off the investments before the trend crashes into a pile of debris. Sick, but that is what I chose to do.”
― Andy Kessler, Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score