Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Thursday, September 5, 2013

Bon mot

We are enduring a distressing election campaign in Oz.  An unregenerate conservative party is facing down the muddled left, and will probably win, and then go on to repeat the various fiscal tightening follies of governments elsewhere on the grounds that it will "restore confidence".

So I thought you might enjoy some insightful and acerbic insights from J M Keynes.

Capitalism is “the astonishing belief that the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.”

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