Rigged
“One woman, who declined to give her name but said she is almost 80, invested RMB 20,000 ($3,200) when the market was at 5,000…
Bull in a China shock
“No warning can save people determined to grow suddenly rich.” – Lord Overstone. History, wrote John W. Campbell Jr., doesn’t always repeat itself. Sometimes…
The only game worth playing
“I cannot leave this subject as though its just treatment wholly depended either on our own pledges or economic facts. The policy of reducing…
The only thing we have to fear..
“Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to…
News from the richest country on earth
“The co-authors began working on this book in 1974, just after the termination of President Nixon’s controls in the United States. Since that time,…
Such terrible suspense
“This suspense is terrible. I hope it will last.” – Oscar Wilde. Is there any investor out there not suffering from crisis fatigue…
Building concerns
“As for the rest of the billions, it’s not clear precisely where that money went. There are some clues. FIFA’s personnel expenses were $397…
On not adding, but taking away
“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.” – Charlie…
Major drag, huh ?
“We’re not gonna make it, are we ? People, I mean.” “It is in your nature to destroy yourselves.” “Yeah. Major drag, huh ?”…
Goodbye to all that
“Funny how bonds were labelled “certificates of confiscation” back in the early 1980’s when yields were 14%. What should we call them now ?”…