Behind the Wall
“All visible objects, man, are but as pasteboard masks. But in each event—in the living act, the undoubted deed—there, some unknown but still reasoning thing puts forth the mouldings of its features from behind the unreasoning mask. ...
QOTD: How Knowledge Advances
At James Montier‘s CFA presentation, he used one of my favorite quotes: “Science advances one funeral at a time.” -Max Planck’s I would add to that: If only economics were so fortunate . . .
Occupy Galt’s Gulch
“Each of us in this room has warmed ourself at fires we did not build, and each of us has drunk from wells we did not dig.”
— Mark Shields, as heard, October 1997
I am not ashamed to confide, O Dearest and Most Equable of All Reader...
Prolegomena to Any Future Life
I.His vision, from the constantly passing bars,
has grown so weary that it cannot hold
anything else. It seems to him there are
a thousand bars; and behind the bars, no world.
As he paces in cramped circles, over and over,
the movement of his powerful...
Where Sea Monsters Live
Last weekend, I got into — or more like watched — an interesting finance debate related to specific policies, websites, officials and analysts. All the usual suspects were covered. One person went on and on about central-bank planned economies, manipulated currencies, debasing of the dollar, gold, HFT, etc. “Its all a Ponzi scheme” he declared,...
The New Economic Order?
> Over the weekend, Josh Brown directed me to this monthly commentary from the Eclectica fund, which had the very interesting chart, above. (Full Eclectica Fund April 2012 commentary is here). The issue with the graphic above is that we have no real comparative history by which to judge this. It seems to be a...
Can’t Buy Me Love
Say you don’t need no diamond ring
And I’ll be satisfied
Tell me that you want the kind of things
That money just can’t buy
I don’t care too much for money
Money can’t buy me love
— The Beatles, Can’t Bu...
Here’s to the Lazy Ones . . .
“Here’s to the Lazy Ones. The halfwits, the bumblers, the square pegs in the round holes. The ones who don’t see things at all. They’re not fond of rules (can’t remember them). They have no respect for the status-quo, which they think its Latin for Fendi. You cannot quote them, as they say little that...
RIP: Facts (360 B.C.-A.D. 2012)
This is the single cleverest thing I expect you will read all weekend: Facts, 360 B.C.-A.D. 2012 In memoriam: After years of health problems, Facts has finally died. A quick review of the long and illustrious career of Facts reveals some of the world’s most cherished absolutes: Gravity makes things fall down; 2 + 2...
Odalisque
Dogs are our link to paradise. They don’t know evil or jealousy or discontent. To sit with a dog on a hillside on a glorious afternoon is to be back in Eden, where doing nothing was not boring—it was peace.
— Milan Kundera
A happy and...
