It's Not Whether You're Right

It Is Better To Have A Cat And Mouse Game Where The Cat Has The Upper Hand Than A Cat And Mouse Game Where The Mice Are Ruling. Because The Latter Means That The Market Participants Are Given Free Range. That Was Actually The Big Misconception Of Our National Hero Ronald Reagan, Who Always Talked About The Magic Of The Market.

This Crisis Has The Potential To Be A Lot Worse Than Lehman Brothers.

Esperanto Was A Very Useful Language, Because Wherever You Went, You Found Someone To Speak With.

A Lot Of The Evil In The World Is Actually Not Intentional. A Lot Of People In The Financial System Did A Lot Of Damage Without Intending To.

The Trouble With Institutional Investors Is That Their Performance Is Usually Measured Relative To Their Peer Group And Not By An Absolute Yardstick. This Makes Them Trend Followers By Definition.