22 June 2024
Just turn it off
“The speculative public is incorrigible. In financial terms it cannot count beyond three. It will buy anything, at any price, if there seems to be some ‘action’ in progress.”
15 June 2024
The Deep State is real
“Behind every fortune there is a crime.”
8 June 2024
The smartest guys in the room
“Markets change minute by minute. Human nature barely changes millennium by millennium. There’s your edge.”
1 June 2024
Playing poker with liars
“This transformation marks a significant departure from the previous role of [US Treasuries] as a safe haven, and it requires a rethink in strategic allocation.”