Entries by Tim Price

The limited choice from Buffett’s buffet

“Abraham Lincoln once posed the question: “If you call a dog’s tail a leg, how many legs does it have?” and then answered his own query: “Four, because calling a tail a leg doesn’t make it one.” From Warren Buffett’s 2018 letter to shareholders of Berkshire Hathaway.

The shock wave reaches the shore

“When Roger Williams got his turn at the microphone earlier this month, his question for the bank CEOs lined up before the House committee on financial services seemed an unusual one to put to seven sharp-suited financiers. “Are you a socialist or are you a capitalist ?” the Texas Republican asked each of them, from […]

Behave !

“With reference to Philip Stephens’ column “Britain can now change its mind about Brexit” (April 12): would Mr Stephens mind not invoking the “Kamikaze” characterisation of those reckless and deranged Brexiters, please. My father flew a dive bomber in the Japanese Imperial Navy’s Special Attack Force, and was therefore a Kamikaze pilot in common parlance. […]

Be surprised

“One can fly to Japan from anywhere, but from Japan one can only fly to the Third World, and it hardly matters whether one lands in Kinshasa, London, New York or Zurich: they are all places where one must be constantly watchful and distrustful, where one cannot leave a suitcase unattended even for ten minutes, […]

Before the Fall

“I notice, talking to younger people, people who hit that Napoleonic moment of turning twenty since the crisis, that the idea of capitalism being thought of as morally superior elicits something between an eye roll and a hollow laugh. Their view of capitalism has been formed by austerity, increasing inequality, the impunity and imperviousness of […]

Alternative views

One of the many joys of unshackling yourself from the confines of the mainstream media is that you get to hear interesting, intriguing and thought-provoking perspectives, in a long-form format. Two cases in point: Dominic Frisby and Rory Sutherland, both of whom can be heard in recent interviews here. (There’s a rich archive, too.)

EUnola May

With apologies to Orchestral Manoeuvres in the Dark and their 1980 hit Enola Gay.   EUnola May You should have stayed at home yesterday Oh-oh it can’t describe The feeling and the way you lied. These games you play They’re gonna end it all in tears someday. Oh-oh EUnola May It shouldn’t ever have to […]

Trend following

The good folk at Absolute Return Partners have identified eight megatrends, long-term investment themes that they believe will define the world of the future. Those themes are: 1) The end of the debt super-cycle 2) The retirement of the baby-boomers 3) The declining spending power of the middle classes 4) The rise of the East […]