The 'Quote' element is a nice way of adding a quote to the website, giving it a balloon design.
This element can be found below the 'Content elements' tab when creating a new element. (1.8.1)
In the 'General' tab you can see that the content element type 'Quote' is selected (1).
The element uses a header field called 'Name, Title' (2) where you can place the Person you are quoting and a text field (3), where the quote is placed.
Below you find a 'Link text' field (4) 'Link' area (5), where you can link to a web address, for example the address to the company website of the quoted person. (1.8.2)