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…
Weeks where decades happen
“There are decades where nothing happens; and there are weeks where decades happen.” Lenin “My daughter just said to me, ‘Daddy, the stock…
Get to the chopper !
“‘Get to da choppa !’ “Short for the whole phrase that Dutch (played by Arnold Schwarzenegger) says in the movie Predator, which goes: “RUN!…
Monetary Massacre Theory
“A deeply disturbing account of the destructive potential of belief.” – Ammar Kalia, reviewing BBC Four’s Storyville: Jonestown – Terror in the Jungle. …
Take Shelter 2.0
“The most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’” Ronald Reagan. “When Nobel Prize-winner…
Serious advice
“Given all this, what do MPs do all day? Media manipulation, not operational planning on priorities. “Unsurprisingly, most senior MPs in all three parties…
A mob of nasty, ignorant dwarves
“The first rule of compounding is to never interrupt it unnecessarily.” Charlie Munger. “[Ronnie Millar] was.. surprised to be ordered by [Mrs….