Fix one thing, break another. Parallels Between 2001 and 2009. Another Credit Bubble.
Wednesday, 05 December 2012 | 11:39 am
The Parallel Stages of the Credit Bubble 2001 versus 2009
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Being Too Bearish? The Next Bubble.
Wednesday, 05 December 2012 | 3:48 am
I’ve not taken my own advice lately and have been too bearish on risk assets. Entirely my fault for ascribing more weight to fundamentals than I normally do.
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Collecting Luxury Watches
Friday, 30 November 2012 | 1:14 am
You never really own a Patek Philippe, you merely look after it for the next generation. It has been one of the most successful advertising slogans ever. It appeals to our vanity, yet tempers it, it appeals to our immortality, yet reminds us of our mortality, it panders to our hopes for our progeny, yet
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Capital Gains and Long Term Investing
Friday, 30 November 2012 | 1:02 am
Capital gains tax should be reduced over the life of an investment. This creates an incentive for long term investment and discourages short term trading. Every year that an investment is kept, there should be a 10% discount on the capital gains tax payable on that investment so that an investment that is held for
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Heptadecagonal Tires
Monday, 26 November 2012 | 7:33 am
Anyone who has ever worked in a bureaucracy will have figured out what’s wrong with our world. Apocalyptic risks can present themselves in no uncertain terms to the market and still evoke the calmest, most dazed and serene of reactions. Solutions to calamitous problems can stare a herd in the face, and the herd will stare blankly
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