The Hazards of Asset Allocation in a Late-Stage Major Bubble
Has to Be a Compromise between Equality and Freedom.
Evidence that a company wields pricing power in its industry is the best indication of a sustainable competitive advantage, argues Giles Parkinson.
"Why the heck did history decide to stop repeating just when I needed it???"
“Nothing is so permanent as a temporary government program.”
Hammond: "There is still so much of the world we haven’t been to."
Clarkson: "So many people I haven’t insulted!"