The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

-F.A. Hayek

Central Planning | Decentralization | Economics | Hubris | Ignorance

Whenever you invest based on an ideology, you are going to make some decisions that are a little divorced from math.

-Peter Zeihan

A fool and his money are soon parted.

-Dr. John Bridges’ Defence of the Government of the Church of England, 1587

No-action relief is a mechanism that allows registrants to obtain certain assurances from the FTC when their conduct may touch upon a gray area of regulation, or even may be technically proscribed, but does not raise the policy concerns underlying a particular rule.

-Securities and Exchange Commission

I don’t believe in the no win scenario… I don’t like to lose.

-Admiral James T. Kirk

You never, almost never have a major brokerage house say the game’s over, guys duck. It doesn’t happen. The commercial imperative is overwhelming to stay bullish. That’s how you make money.

-Jeremy Grantham of GMO Investment “Bloomburg 1/6/22”

Who is it about, what do they want, why can’t they get it, what do they do about that, why doesn’t that work, & how does it end.

– Glenn Gers 6 essential questions of storytelling

Rule #1: Don’t Lose Money

– Warren Buffett

Cops and Soldiers don’t mix, Cops keep the peace, Armed troops make the peace by killing everyone who’s not peaceful.

-Tom Clancy NSA speech October 1986

We have all the time in the world…

-Ian Fleming