Rolling boulders uphill

As symbols of futility go, that of Sisyphus takes some beating. In Greek mythology, Sisyphus was captured by the gods after having freed humanity…

But what does it mean?

“Risk is what’s left over when you think you’ve thought of everything.” – Carl Richards.   By the time this financial crisis is over, a…

Still dancing?

“Bubbles are the only things that matter. The rest of it is boring. You show up for work, markets are at normal levels, and…

Goldhead revisited

The following article first appeared in the print edition of The Spectator magazine, dated 4 May 2013. Few assets are more misunderstood than gold….

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…