Alfred Kugel Quotes
We have a lot of cross currents right now and so it's very difficult for investors to pick out the proper path. People like myself think that things are in fact slowing down some, that inflation is not a significant problem, and that while the Fed may tighten policy once in the next couple of months, they really probably don't need to. 
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Cross | Currents | Difficult | Investors | Pick |
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You don't bet the farm but you need to be putting some money in as you find stocks that look attractive.
- Alfred Kugel
We've now changed the valuation of the stock market quite a bit... If anything, the earnings estimates have been going up and stocks have been going down. The price-to-earnings ratio on forward earnings is now down to about 15 times, which is very low relative to interest rates and inflation at the present time.
- Alfred Kugel