The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.
From Paul Singer
You have got to welcome and embrace complexity.
I know people who are always freeriders and will never get into a fight.
The Congo is very wealthy from oil money but is not paying its debts and at the same time is applying for special status at the World Bank. That's shocking and disingenuous.
There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope.
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.
Stability is not the way of the world.
In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate.
What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.
The building block of every community is family.
6 perspectives
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