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What was that again?

“I couldn’t have gotten so stinking rich without George Bush, George Bush Jr., Ronald Reagan, even El Presidente Obama, none of them have the cajones to stand up to all the big money that wants to keep this stuff illegal. From the bottom of my heart, I want to say, Gracias amigos, I owe my whole empire to you.”

-Joaquin “El Chapo” Guzman Loera reported head of the Sinaloa cartel in Mexico, ranked 701st on Forbes’ yearly report of the wealthiest men alive, and worth an estimated $1 billion, officially thanked United States politicians for making sure that drugs remain illegal.

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Civilized people don’t buy gold.They invest in productive businesses.

Algorithmic traders have the same social utility like rats in a granary.

 

-Charlie Munger said in an interview

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Charlie Munger Speaks

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What was that again?

Three basic principles for macro investing:God is dead, life is absurd and there are no rules. In other words, you are on your own and you must take ownership of your own destiny.-Hugh Hendry in his letter to investors

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What was that again?

“Escalating social and political risks, slowing growth and rising inflation mean that we are already in a macro environment that would hurt both stock and bond returns. Stocks first and bonds next. Dance near the door, if you still want to party.”-V Anantha Nageswaran , Senior Economist at Asianomics wrote in  Mint