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Day: June 13, 2012
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Pershing Square Q1 2012
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Sleepwalking towards a precipice
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Europe is an allegory for ages of man
(Hattip:DailyReckoning)
“Europe is an allegory for the ages of man. You are born Italian, relentlessly infantile and mother-obsessed. In childhood, you are English: chronically shy, tongue-tied clicky and only happy kicking balls or pulling the legs off things. Teenagers are French: pretentiously philosophical, embarrassingly vain, ridiculously romantic yet simultaneously insecure. During Middle-Age, we become either Irish and fun loving, or Swiss and serious. Old age is German: ponderous, pompous and pedantic. And finally, we regress into being Belgian, with no idea of who we are at all.”
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India’s reserves falling drastically
(Hattip Mint)