May 30, 2014
“You can check out any time you like, but you can never leave.” -The Eagles, from their classic song, “Hotel…
May 23, 2014
“Knowledge is power only if man knows what facts not to bother about.” -Robert Lynd, sociologist 1. For many years,…
May 16, 2014
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety),…
May 9, 2014
“It’s in human nature to go to excess.” -Warren Buffett POINTS TO PONDER 1. One of the more heartening aspects…
May 2, 2014
“The Greek economy is not in recession. Nor is it recovering. It has collapsed.” -Wolfgang Munchau of The Financial Times…
April 25, 2014
“I’m convinced that everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong.” -Superstar investor, Howard Marks,…
April 18, 2014
“History has not dealt kindly with the aftermath of protracted periods of low risk premiums.” -Alan Greenspan Brilliant bookends. As…
April 11, 2014
“A leader does not deserve the name unless he is willing to occasionally stand alone.” -Henry Kissinger “Deep doubts, deep…
April 4, 2014
“We’ve gone back into this kind of a foie-gras bubble environment. We’re all being force-fed risk assets. It’s an unpleasant…
March 28, 2014
“Price is what you pay, value is what you get.” -Warren Buffett Special message: Thanks to your loyal readership, as…