I'm A Plain Soap Kind

We May Be In A Rapidly Evolving International Financial System With All The Bells And Whistles Of The So-called New Economy. But The Old-economy Rules Of Prudence Are As Formidable As Ever. We Violate Them At Our Own Peril.

I Must Say, I Never Expected To See The Day Where I Would Be Talking About Anything Other Than Reducing The Debt, I'm Running Into The Tyranny Of Zero, Which Is Where You Can't Reduce (the Debt) Any More

Anyone Willing To Do What Is Required To Become President Of The United States Is Thereby Barred From Taking That Office. I'm Only Half Joking

The Very Nature Of Finance Is That It Cannot Be Profitable Unless It Is Significantly Leveraged... And As Long As There Is Debt, There Can Be Failure And Contagion.

This Decade Is Strewn With Examples Of Bright People Who Thought They Built A Better Mousetrap That Could Consistently Extract Abnormal Returns From The Financial Markets. Some Succeed For A Time. But While There May Occasionally Be Mis-configurations Among Market Prices That Allow Abnormal Returns, They Do Not Persist.