Forgiveness can be costly, like the massive amounts of debt forgiveness toward countries like Greece to help create a stable foundation for restoring growth to Europe. Forgiveness can sometimes mean investing in groups that have done something negative — a counterintuitive but often very effective strategy.
Author: Edouard Chazal
Trading Is Very Simple
David Kyte :
Trading is very simple; either you make money or you don’t make money. I wasn’t depending on anyone else. When you work for someone else, if you make money somebody gives you a bonus and if you lose money, somebody else pays your salary. When I was working for myself, it was the ultimate meritocracy, I was worth exactly what I made, no more, no less.
Histoire de Tourbillon 4
Une précision immuable et parfaitement maîtrisée, le rêve de tout horloger. Mais ce rêve est inéluctablement interrompu par la réalité. De nombreuses forces naturelles affectent la précision d’une montre, et parmi ces forces toutes puissantes, il en est une capable de maintenir les planètes en orbite et de tenir l’univers tout entier en place: la gravité.
Three Things Investors Can Learn from Surfers
Ocean conditions can be calm one day only to be rough the next. This volatility is an important aspect of surfing because different ocean conditions call for different surfboards. Avid surfers know they are required to own a diverse collection of surfboards, allowing them to ride a variety of waves. From an investor’s perspective, market conditions are also constantly changing and, as in surfing, no single investment vehicle works well in every market condition. Thus, diversification is as imperative when investing as it is when surfing.
Beggar Thy Currency Or Thy Self?
Unlike the old days, the threat of currency wars is not directly related to trade imbalances and balance-of-payments crises. Rather, an important driver is major central banks’ pursuit of experimental measures in order to compensate for policy inadequacies and political dysfunction elsewhere.
