19 July 2025
The trick that changed the world
"..for any entity beyond maturity, further growth equates either to obesity, or cancer."
12 July 2025
Winning the great game
“The first principle is that you must not fool yourself – and you are the easiest person to fool.”
5 July 2025
One flew over the cuckoo’s nest
“..any such shifts will ultimately have to be stopped, with savers penned into the killing zone of local currency assets and, in particular, in fixed-interest securities."
28 June 2025
Unstoppable
“You shouldn’t own any fixed interest securities. None. Inflating away debt means destroying the purchasing power of fixed income securities."