“Be fearful when others are greedy, and begreedy when others are fearful.” Warren Buffett The Sage from Omaha The photo is of the Chicago skyline from near the Navy pier. Warren Buffett is now 93 ...Read More
I earned this shirt as a volunteer at the Se’dav Va’aki Museum (formerly The Pueblo Grande Museum). But that is a different story. This story is that the shirt was manufactured in Ghana. H...Read More
“The attempt to control risk by lowering interest rates reduces the cost of taking risk and so ends up increasing the aggregate amount of risk in the system.” Edward Chancellor, author The...Read More
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” John Maynard Keynes Keynesian economics is very wel...Read More
“There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, wh...Read More
“Capital will go where it is wanted and stay where it is well treated.” Walter Wriston in The Twilight of Sovereignty page 61 Photo is of Zimbabwe’s inflated currency back in 2006. C...Read More
This is a synthesis post with some very good news. Scientists at Caltech have made a synthetic leaf that using the suns energy converts water into Hydrogen and Oxygen. So far they have only done i...Read More
“Tesla appeals to confused consumers who simultaneously want to display ostentation and green virtue.” a great line by Holman Jenkins on the WSJ editorial page. My beef is that Tesla is ...Read More
Back in December I wrote about what I called The Big Bubble and asked the question: What should an investor do to survive the looming government debt bubble? Now along comes a book that attempts to...Read More