Quote of the Day

As one analyst observed, it is curious when investors are forced to purchase shares for yield and bonds for capital gains.

This gem of a quote is courtesy of the brilliant Satyajit Das, in the FT (registration required). I still think sometimes of an interview he gave in September, 2007, the first four paragraphs of which are about as prescient as a pre-Lehman, pre-Bear-Stearns interview could have been.