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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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Sunday, September 29, 2013

Iran - US rapprochement

About time.

This article in The Age says that the Presidents of Iran and the US have spoken on the telephone in person for the first time since 1979.  Countries don't have to be "friends".  But they ought to try not to be enemies.  Of course, grumps on both sides will try to sabotage any rapprochement, but it makes so much sense for the two sides to make peace.

A step forward, at last.

By Patrick Chapatte of the Int Herald Tribune



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