The Hazards of Asset Allocation in a Late-Stage Major Bubble
Has to Be a Compromise between Equality and Freedom.
People are starting to notice that credit ratings are mostly symbolic.
"Executive Orders can cover a very wide range of public actions and are in practice rarely repealed."
Positioning your portfolio for the challenges and opportunities ahead
Evidence that a company wields pricing power in its industry is the best indication of a sustainable competitive advantage, argues Giles Parkinson.
For institutional investors only
"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!"
