Beware What You Wish For

 — The virtues of quick and popular regulation —  In the aftermath of the 2007-2008 financial crisis there seemed to be no end to the search for a culprit, preferably a single easily-identifiable obvious one so that dealing with it would be swift and morally charging. The culprit was soon found more by popular demand ...

When I’m 64

When? In roughly three years, God willing. But then again, no one knows really what perils await me after that. Take for example the poor 83-year-old woman who was brutally killed by her 92-year-old husband (article in Italian here; roughly translated title: “Matera, 92-year-old kills wife with a bat”). If I were in his daughter’s ...

Where Are the Customers’ Yachts? – Redux

Where are they, indeed? If you haven’t read the book, do yourself a favor and get a hold of a copy. First published in 1940, it is informative, well written, and witty. And still very relevant. The point here is not to languidly blame anyone, or to say that people who could afford yachts yesterday can ...

Autumnal Musings

  When markets are “good” for a long time you should always at least give it some thought. Your thought should not be driven by the specifics of your particular situation, like objective and time frame of your personal wealth, but should rise above it all. There is always time to derive a unique strategy ...

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