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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

Categories
Politics

US Presidents on Indian PMs

Obama effusively praised Modi in a recent article in Time magazine:

Am reminded how Nixon/Kissinger called Indira Gandhi a bitch and a witch in 1971 just before the Bangladesh war

Conversation Among President Nixon, the President’s Assistant for National Security Affairs (Kissinger), and the President’s Chief of Staff (Haldeman), Washington, November 5, 1971, 8:15-9:00 a.m.

Nixon: This is just the point when she [Indira Gandhi] is a bitch.

Kissinger: Well, the Indians are bastards anyway. They are starting a war there. It’s—to them East Pakistan is no longer the issue. Now, I found it very interesting how she carried on to you yesterday about West Pakistan.

Nixon: I think I’ll make the meeting today a rather brief—cool. [unclear] I don’t mean by that cool in terms of not trying to bring up [unclear] I’ll talk to her a little about Vietnam, and–

Kissinger: I’d let her talk a little more, maybe today—

Nixon: Yeah?

Kissinger: —to be a little less forthcoming. But basically, Mr. President—

Nixon: So I was trying to give her no excuses. Now I’ve talked to her, told her everything we’re going to do. Now it’s up to her.

Kissinger: While she was a bitch, we got what we wanted too. You very subtly—I mean, she will not be able to go home and say that the United States didn’t give her a warm reception and therefore, in despair, she’s got to go to war.

Nixon: Yeah.

Kissinger: So her objective—she has a right to be a little sore because you thwarted her objective. She would rather have had you give her a cool reception—

Nixon: That’s right.

Kissinger: —so that she could say that she was really put upon.

Nixon: Oh, we really—

Kissinger: And—

Nixon: We really slobbered over the old witch.