Gary Weiss Quotes

The idea that commodities, as an asset class, is finished is just fundamentally flawed.

You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.

Commodities tend to zig when the equity markets zag.

Wall Street has become a veritable casino.

Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.

Oil futures were originally created to give heating oil dealers, gas retailers, aviation companies and other businesses a method of hedging against adverse price changes. Instead, they've become just another Wall Street plaything.

A striking feature of financial service activities during the past few decades is that the financial transactions essential to the operation of the 'real' economy has become increasingly dwarfed by speculative activity.

After 2008, my brand of finance got a bad rap.

Just being able to trade financial commodities is a serious limitation because financial commodities represent only a tiny fraction of the reality of the real commodity exposure picture. We need to be active in the underlying physical commodity markets in order to understand and make prices.

Creating a Financial Transactions Tax would go a long way to curbing short-term speculative trading, including high-frequency trading.

The best way to make money on Wall Street is to sell the most sophisticated [and complex] products to the most unsophisticated clients.

The real danger of the Cotton dynasty lies not in the hostility of the North, but in the exigencies of the market abroad;.

There is enourmous pressure in the investment business to deliver good news. Good news sells better ….To go out there in a bubble and talk about overpriced markets is an invitation to get fired.

I don’t know why the Stock Market does what it does.

Unlike the 19th century, when real estate and government bonds were the primary form of capital, it is riskier assets that generate most of the wealth in the modern global economy — assets that can more quickly lose value as a result of changes in technology or global competition.

… a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons..

The stock market is not a good arbitrator of success over the long term.

Rising prices of essential commodities has affected the day-to-day life of people of this country.

Let the market, not politicians, determine the flow of rice, oil and other commodities. Lower, more stable prices will ensue.

I've talked about commodity price volatility in the past: go back to the tape... I never said it was about inflation.

The rise in the price of gold is a sign that capitalism has stumbled.

The global boom in commodities fueled by a debt-financed infrastructure and real-estate bubble in China is over.