“Risk is what’s left over after you think you’ve thought of everything.” Carl Richards. What is risk ? James Ball in his piece ‘Anatomy of a fiasco: how Britain’s pandemic defences failed’ for The Spectator offers, essentially, one currently relevant practical example: “In October, a panel of 21 experts from across the world gathered […]
About Tim Price
This author has yet to write their bio.Meanwhile lets just say that we are proud Tim Price contributed a whooping 220 entries.
Entries by Tim Price
“I was once asked, at a journalism conference, how I defined my job. I said: My job is to write the exact same thing between 50 and 100 times a year in such a way that neither my editors nor my readers will ever think I am repeating myself. “That’s because good advice rarely changes, […]
“Andrews: “The pumps are keeping the water down in this boiler room, but the first five compartments are flooding.” Captain Smith: “Well, what’s the answer ?” Andrews: “She’s going to sink, Captain.” Captain Smith: “But.. She can’t sink. She’s unsinkable.” Andrews: “She can’t float. Look.. She could float with any three of her first five […]
“My son just told me that he can only play @FortniteGame in the evening… because half of his squad started trading. He is 10. @RobinhoodApp #TrueStory” Tweet from Joseph S. Mauro (@jsmauro13), 11th June 2020. “Dave Portnoy, an internet celebrity, has posted daily trolling videos about his profits from the rally to his […]
“Wendell: ‘It’s a mess, ain’t it, sheriff ?’ Sheriff Ed Tom Bell: ‘If it ain’t, it’ll do ‘til a mess gets here.’” Cormac McCarthy, No country for old men.
“About one hundred years ago, John Ruskin told the story of a man who boarded a ship carrying his entire wealth in a large bag of gold coins. A terrible storm came up a few days into the voyage and the alarm went off to abandon ship. Strapping the bag around his waist, the man […]
“As I’ve written in past memos, I have an indelible recollection of the first book I read as a Wharton freshman in 1963. The book was Decisions Under Uncertainty: Drilling Decisions by Oil and Gas Operators by C. Jackson Grayson, Jr. (who in 1971 would take on the role of “price czar” in the Nixon […]
“Nobody knows anything.” The opening line from Adventures in the Screen Trade by William Goldman. On the back of last week’s commentary by way of lines from John Carpenter’s The Thing, this week’s commentary is comprised, more or less entirely, of movie quotes.
“We believe the prudent investor should ignore overpriced credit markets and focus instead on value investments – where they can be found – from among the world’s stock markets.”