29 March 2021
“You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place.”
- Gordon Gekko (Michael Douglas), Wall Street (1987).
23 March 2021
“Individuals who cannot master their emotions are ill-suited to profit from the investment process.”
- Ben Graham.
17 March 2021
“The streets of Paris, strewn with the carcasses of the mangled victims, have become so familiar to the sight that they are passed by and trod on without any particular notice. The mob think no more of killing a fellow man – one who is not even an object of suspicion – than wanton boys would of killing a cat or a dog.”
- The Times of London, Monday 10th September 1792, reporting on the September Massacres, a foretaste of ‘The Terror’ to come.
Do you have a licence for your Minsky ?