Quis custodiet ipsos custodes ?
“He smiled and shook his head. ‘I can’t pay it. It is too much.’” “Critics are men who sit and watch a battle from…
How the world really works
“The central banks did their job. Unfortunately, almost nobody else has done theirs.” “You’re not only wrong. You’re wrong at the top of your…
Heart of Glass
“The real problem of humanity is the following: we have paleolithic emotions; medieval institutions; and god-like technology. And it is terrifically dangerous, and it…
The trick that changed the world
“..for any entity beyond maturity, further growth equates either to obesity, or cancer.” “Nobody ever saw a dog make a fair and deliberate exchange…
The Demon-Haunted World
“We’ve arranged a global civilization in which most crucial elements profoundly depend on science and technology. We have also arranged things so that almost…
A brief history of economic policy triumphs
“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.” Milton Friedman. Shortly…
UNIDOS HACIA EL FUTURO
“The markets are the product of 1999 & 2007 hooking up for a one night stand.” Tweet by Danielle DiMartino Booth (@DiMartinoBooth), 25th August…
The Quick and the Dead
“The operation was successful but the patient died.” “Teach your kids about compounding: put your money in a savings account and watch it double…
Three little words
“As I’ve written in past memos, I have an indelible recollection of the first book I read as a Wharton freshman in 1963. The…
Before Coronavirus
“In order to succeed, you must first survive.” Nassim Nicholas Taleb. “I am certain that my fellow Americans expect that on…