"Great companies are created during times when we're not in a bubble."
"Unfortunately for Coleman and his investors, all good things must come to an end."
"Allowing companies to go bust allows for the industry to reset and become viable again."
"It's almost like we're seeing basically a peak in demand like Christmas without the four month buildup in planning."
"Our economic cycle works like a wheel that spins and spins."
"Now we are currently at the longest economic cycle that lasted for more than 10 years since the housing bubble."
"It's humbling because with And1, we were up and then it was not so the feel the down makes you appreciate the up that much more."
"This is pretty much the last stacked week we're gonna see for many many months."
"At some point they're going to let it run and maybe we're almost there."
"This reset is very, very healthy and it's, you know, I think a lot of companies will get weeded out of it and there'll be a flight to Quality and will be really good for the markets, yeah."
"Growth is sustainable. Consistent record-breaking growth is impossible."
"Market dynamics have to return back to what would be normal."
"Every bubble starts on a good idea, on a smart idea."
"The day that I'm most excited... when Tesla's down in the [ __ ] when it has the biggest drawdown from its intrinsic value ever."
"I just don't know if this event is living up to expectations. We see a lot of this stuff of buy the rumor sell the news type of a deal."
"The life of an entrepreneur: I'm winning, everything's collapsing, I'm winning again, it all falls apart again."
"All good things come to an end... even though we saw a bit of a drop-off in December of 2018, things quickly came back."
"We've seen enough, grand opening, grand closing."
"Last one is Watson, I forgot how slow the cycle is."
"Ideas are much more powerful than some large company that rises and eventually falls because they all eventually do."
"If the business did well, he made money. If it didn't, then you know he had some years where he lost money."
"How much do they have to fall? I think this is going to eventually happen, the shoe is going to have to drop."
"Q2 and Q3 are going to be like the fourth quarter in the first quarter."
"Tesla is entering the trough of disillusionment, but good news is they're best positioned for the slope of Enlightenment."
"This is the stuff I've been preparing you for. We are in the third phase of an economic cycle."
"It doesn't really matter. Yeah, I mean they can say anything they want. The natural course of economics and business cycles are going to happen. Free market, you can't stop the free market forces."
"It's a rarity for us to start off Q1 very quick but that's also very promising."
"Businesses are cyclical... every day brings something different."
"We've just decided that these natural business cycles were bad and since then the policy has been to prevent them."
"It's all about timing. There's no rush right now. They need a little pain and panic first. End of Q3 and all of Q4 will be the most intense and exciting months."
"This is my third cycle. The first cycle, you lose money. Second cycle, you learn. And the third cycle, you make money. So now is the time."
"According to the classical Theory, periods of recession and excessive inflation are temporary and the macro economy will correct itself through changes in aggregate demand."
"The economy has to have a recession in front of it."
"...I think this one is a good example of how the pandemic has led to really large shifts in the business cycle and really impacted companies like this."
"There's an ebb and flow in the business cycle, and sometimes that's out of a person's control."
"Professor Gordon has covered both areas of business cycles and growth."
"Ratio analysis is widely used by many businesses to pinpoint their peaks and troughs and then develop strategies and initiatives to deal with these situations."
"We've never thought short term; you've got to focus on peaks and troughs and be able to ride those troughs out as well as take advantage of the peaks."
"All great companies with a lot of hype will eventually come back to normal."
"Deficits can be used as a stabilizing tool; the economy has a natural business cycle with peaks and troughs."
"Business cycles typically happen in economies where we have business enterprises or private enterprises."
"A nation's business cycle demonstrates four phases: expansion, peak, recession, and trough."
"We have to survive the downtimes in order to get up to the up times."
"There are seasons to business, do you guys agree?"
"Being an opportunist... don't assume anything... be a cyclical player."
"Cyclical companies should have higher betas than non-cyclical companies because beta measures how you move with the market."
"Stock prices are not a great leading indicator at business cycle peaks but they are an extremely reliable and consistent leading indicator at business cycle troughs."
"Every business cycle is finite; they don't go on for more than ten years."
"Be prepared for slow times and for the ups and downs."