Kings of the wild frontier
Simple but not easy – The title of Richard Oldfield’s book about value investing. It has a young, highly educated population. 60% of its…
Everything changes at zero
“Then said Jesus, “Father, forgive them; for they know not what they do.”” – Luke 23:34. For the benefit of non-subscribers, there are two…
Your do-it-yourself front page financial Armageddon story
“The media select, they interpret, they emotionalize and they create facts.. The media not only reduce reality by lowering information density. They focus reality…
Oil a load of nonsense
“The media select, they interpret, they emotionalize and they create facts.. The media not only reduce reality by lowering information density. They focus reality…
Bear necessities
“At first sign of crisis, the ignorant don’t panic because they don’t know what’s going on. Then later they panic precisely because they don’t…
Life finds a way
“The snag for them is that it happened on Monday. And all the official pronouncements in the State media were: “Well, it’s a blip….
History repeats
“The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk…
The hike before Christmas
“Christmas at my house is always at least six or seven times more pleasant than anywhere else. We start drinking early. And while everyone…
Honey, I broke the markets
“Donald Trump looks like the villain in a movie where the hero is a dog.” – The internet. Which four letter word still has…
Can’t argue with a confident man
“I can say therefore with confidence – and without any complacency – that we will secure the return of inflation to 2% without undue…