“We found opposing us an axis of powers… led by the governments of Spain and Portugal which for obvious political reasons attempted to lead the entire negotiations to the brink.” ― Alexis Tsipras An Unrealistic Expectation During the last six years, global markets have been oiled by two major pipelines: at one side stands the…
“Innovation distinguishes between a leader and a follower.” ― Steve Jobs “Welcome to the most exciting and important frontier since the digital music revolution began 16 years ago”, said Rdio’s CEO in mockery of Apple after the company unveiled a series of new products that were mere copies and redesigns of existing products and services…
As seen in this month’s Master Investor Magazine “The financial crisis of 2007/08 occurred because we failed to constrain the private financial system’s creation of private credit and money” – Lord Adair Turner (former Chairman of the now extinct UK Financial Services Authority) The Greek Misbehaviour Over the course of many years, and while the…
As seen in this month’s Master Investor Magazine “The recent financial abuses in housing caused many to suffer unnecessarily. Critical questions ought to be asked – how did it occur on such a massive scale, and in of all places, the US? Many of the greatest minds in finance have either ignored the issue of…
“You are what you share.” ― C.W. Leadbeater, We Think: The Power Of Mass Creativity In a world where people share their most important moments in life before even living them, social media assumes the highest relevance. We frame the important moments of our life and share them on Facebook; companies market their products through…
The human mind is absolutely stunning. We always find a way to patch a rotten system instead of spending the time developing a new healthier one. I just came across the news that the Danish government is preparing to go cashless starting next year. Well, not exactly cashless, but at least they plan to pave…
One of the most puzzling questions central bankers have been asking themselves during the last few years is: why is inflation so low when the money supply has expanded so much? At the same time, and after realising it, then comes a second question: with inflation being so low, why isn’t growth much higher at…
Featured in this month’s Master Investor Magazine. “The contrary investor is every human when he resigns momentarily from the herd and thinks for himself.” – Archibald MacLeish The Last Bear Standing “Remember the film The Matrix? Morpheus offered Neo the choice of two pills – blue, to forget about the Matrix and continue to live…
One of the most boring realities observed in the financial world is the tendency for reversion. When the price of an asset explodes, it later tends to shrink; when central banks cut their key interest rates, they later tend to hike them; when banks advance too much credit, they later tend to shrink it. The…
With the British economy now growing at an unspectacular but still decent pace, it is time to finally let it stand on its own. The support given by the Bank of England with near zero interest rates and asset purchases totalling £375 billion should be near an end, as the central bank is walking an…
