The triumph of the invisible hand
“By virtue of exchange, one man’s prosperity is beneficial to all others.” Frédéric Bastiat. It remains one of the most powerful metaphors in…
Our survey said
“It is because the public are a mass – inert, obtuse and passive – that they need to be shaken up from time to…
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…