Robert Kuttner Quotes

Mutual funds are an overrated investment heavily promoted by Wall Street.

I think a lot of hedge funds get their trades from Wall Street and get their ideas from Wall Street. And I just like to find my own ideas. I'm reading a lot; I read a lot of news. I'm addicted to it. I basically - I follow my nose on news stories.

I made a killing on Wall Street a few years ago...I shot my broker.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

In long term investments, you don't need day to day management.

I was not a student of Wall Street, but I was a quick study.

In college, I was told the market can't be beat.

I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results.

I've always wanted to invest. That's why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program.

The way we accumulate capital in our society is through trust.

Capital is a result of labor.

Bankers are doing God’s Work!

My investment advice is rooted in my understanding of economics.

Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.

Regardless of how or where you enter Wall Street, use your inherent skills and strengths to succeed.

Wise investors won't try to outsmart the market.

There is almost no limit to the ability of investors to ignore the lessons of the past.

There is no intrinsic reason for the scarcity of capital.

Surplus-value and the rate of surplus-value are... the invisible essence to be investigated, whereas the rate of profit and hence the form of surplus-value as profit are visible surface phenomena

If we're going to be an effective, efficient economy, we need to have all part of that engine running well, and that includes Wall Street and Main Street.

I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.

In the assumption that power belongs as a matter of course to capital, all economists are Marxians.

The realization that I came to is that each citizen for himself or herself understands the economics, which is, "I better make more than I spend and I better put something aside for a rainy day, and I want to get a good idea about what to do with the surplus so that perhaps it can grow while I'm sleeping." And that that's capitalism. Everybody practices it, but half of the country - those on the left - deny that it's true.

Always invest for the long term.

I'm big into stocks. I've invested in a lot of stocks. One day I was talking to my accountant, and he was like, "Yo, what if I could turn a million dollars into $20 million?"