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October 6, 2008

Quote du Jour: Sam Glickenhaus

Quote of the day comes from 92-year-old investing legend Seth Glickenhaus:

People are frightened and very angry. They feel that everything that has been done is to benefit Wall Street and these preposterous salaries and termination pay packages that leaders of these companies get, irrespective of how good or bad a job they have done. In some cases, they did a more miserable job than you believe. I am not so pessimistic about the future of the stock market. I am more pessimistic about the future of business.

More here.

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