Michael Malone Quotations

Outsiders think of Silicon Valley as a success story, but in truth, it is a graveyard. Failure.. is Silicon Valley's greatest strength. Every failed product or enterprise is a lesson stored in the collective memory of the country. We not only don't stigmatize failure, sometime we even admire it. Venture Capitalists actually like to see a little failure in the resumes of entrepreneurs.

As Gloria Steinem said about Ginger Rogers: She was doing everything Fred Astaire was doing, just doing it backwards in high heels. Well, Southern women are doing and enduring what other women have to do and endure, but (at least until recently) they had to do it in heels and hats and white gloves and makeup and a sweet smile, with maybe a glass of bourbon and a cigarette to get them through the magnolia part of being a steel magnolia.

There is nothing more profoundly serious than real comedy, which is an affirmation of human communion, redemption and grace.

I think the greatest taboos in America are faith and failure.

You don't need great skill to be a tough rebounder; being a rebounder is all about effort, determination, and physicality

The market has run out of steam here, at least in the short term.

The market has been languishing for the last couple of days over concern about rising interest rates. But we've seen a little bit of relief there and you've also seen oil prices come off. It still doesn't feel if there is much conviction behind the move.

Some people are mentioning that crude is creeping back up to US$70 a barrel, but people are focusing much more on interest rates now.

Recently, when yields move down, the market has moved up. Investors are looking to the fact generally that economic growth worldwide is robust right now, so you're seeing a lot of these multinationals that participate in that doing quite well.

We moved up this morning relatively quickly up against the highs of last week, and that just so happens to be also the top of the range that we've recently been trading in on the S&P. We ran up to those levels and we're seeing a little big of profit taking as a result.