May Day
“Japan was the dress rehearsal; the rest of the world will be the main event.” Investor in Japanese stocks, known to this correspondent, circa…
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I.T. bites
“Mark Zuckerberg is now living out every young person’s worst nightmare: trying to explain how tech stuff works to the nation’s elderly.” Tweet by…
Read MoreOn rational optimism
“We got stick for questions like, ‘Who came second in the last war?’” he recalled. “But the contestants weren’t always the brightest tickets —…
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Prudential regulation ?
“Investment firms providing the service of portfolio management shall inform the client where the overall value of the portfolio, as evaluated at the beginning…
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Margin of error
“Son, we live in a world where markets have been distorted by vast amounts of QE, and that QE has to be fought by…
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A monster in plain sight
“Interesting. Sex works even better than chocolate to modify behaviour. I wonder if anyone else has stumbled onto that.” Sheldon Cooper (Jim…
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Artificial intelligence
“Sir, I think that I have at long last identified why the National Health Service is experiencing high levels of patient pressure, especially…
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A slow death
“There’s always something to do.” The late Peter Cundill, philanthropist and value investor. A happy new year to all readers ! Having…
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Close to the edge
“Look at it this way. In 100 years, who’s gonna care ?” Nancy, waitress, in ‘The Terminator’ (screenplay by James Cameron and Gale…
Read MoreFor god’s sake, stop!
“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
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