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.
Excess Cash on the Balance Sheet is Wealth Destruction
So usually, the managers go down the road of making dodgy acquisitions and wasting shareholder money to maintain growth when they should be returning that money to shareholders, who are the real owners of the company.
Why Online Dating Services Are Like Financial Markets
In that sense, online dating services bring the same thing to the market for relationships that modern, electronic trading platforms bring to the financial markets: In a word, liquidity.
