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Why markets are irrational

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Ads

Ad: Create Wealth

This ad reminds me of this immortal quote

“Bright, energetic people—usually quite young—have promised to perform miracles with “other people’s money” since time immemorial. They have usually been able to do it for a while—or at least to appear to have done it—and they have inevitably brought losses to their public in the end.”- from The Intelligent Investor by Ben Graham

 

 

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Chart

Chart: Family Matters

Source:Economist

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Tweets

On Speculation

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Poems

Not all things go wrong…

Not all things go wrong, and knowing
This, be wary of despair,
As you go through hell — keep going,
Make no brave oasis there.

Through the shadowlands of grieving,
Past the giants, Doubt and Fear,
Heartsick, stunned, and half believing —
Heed no whisper in your ear.

Not all things go wrong — and after
Winter’s famine comes the spring,
Kindness, beauty, children’s laughter —
Joy is ever on the wing-by Felix Dennis