This exchange, between blogger Barry Ritholtz and renowned investor Felix Zulauf, caught my eye:
Ritholtz: In the US, we only have politicians who tell people what they want to hear, and very few who say “Here’s some medicine, it’s going to be uncomfortable, but you got to suck it up because the alternative is far worse.”
Zulauf: That is the case everywhere, but I’m hoping that can change. It doesn’t change just by saying things. You get strong leaders only after a period of pain and hardship. You don’t get them in a world of high prosperity.
So, let’s hear it for weak leaders.
The Lincoln’s and Roosevelt’s only appear when times are really tough.
