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Quote, Unquote: Special Jack Kerouac Edition

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It's time for Minyanville's quotes of the week! From Jack Kerouac to Home Depot's Frank Blake, we take a look at who's talking the talk.

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Today we celebrate the 50th anniversary of Jack Kerouac's "On the Road" with a special edition of Quote, Unquote!


"A loss in an emerging markets fund is one thing, but a loss in a so-called safe money fund is another."
–Lawrence Glazer, managing partner of Mayflower Advisors LLC, on Sentinel Management Group's move to halt redemptions to avoid "selling securities at deep discounts."




"Accept loss forever."
–Jack Kerouac




"This isn't about models, this is about a strategy getting too crowded, as other successful strategies both quantitative and non-quantitative have gotten many times in the past, and then suffering when too many try to get out the same door."
–Clifford Asness of AQR Capital Management on quant funds' recent losses




"Accept loss forever."
–Jack Kerouac




"Wal-Mart's (WMT) lowered guidance heightened our fear of a consumer spending slowdown perhaps coming to fruition."
– Art Hogan, chief market strategist at Jefferies & Co.




"Accept loss forever."
–Jack Kerouac




"The pressure is not coming from credit, but from the current liquidity issues in the mortgage market."
–analysts at Friedman Billings Ramsey on Thornburg Mortgage Asset Corp.'s (TMA) 46% decline




"Accept loss forever."
–Jack Kerouac




"We believe the housing and home-improvement markets will remain soft into 2008."
– Frank Blake, chairman and chief executive of Home Depot (HD)




"Accept loss forever."
–Jack Kerouac




"Things that should have protected me weren't working. Everything was seeming to go down."
Dr. Brian Abbott, an individual investor, on substantial losses he has recently incurred




"Accept loss forever."
–Jack Kerouac




"Continued difficulties in the U.S. mortgage-securities market led to lower revenues in the rates business and further losses on some of Dillon Read Capital Management's former portfolios."
UBS (UBS) CFO Clive Standish




"Accept loss forever."
–Jack Kerouac




"We expected to see a recovery in flat-panel display orders, however customers have not resumed their capacity expansion plans."
Applied Materials (AMAT) CFO George Davis




"Accept loss forever."
–Jack Kerouac




"A year ago, even though the company's [index] score was up, customer service remained an issue, and we noted that the company would need to take significant steps to reverse this trend. However, it appears that any fixes the company may have attempted were short lived. Dell (DELL) now resides among the lower echelon of measured PC makers."
–University of Michigan economics professor Claes Fornell




"Accept loss forever."
–Jack Kerouac

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