“Those who know don’t tell and those who tell don’t know.”
Michael Lewis, Liar’s Poker
“The pleasure of rooting for Goliath is that you can expect to win. The pleasure of rooting for David is that, while you don’t know what to expect, you stand at least a chance of being inspired.”
Michael Lewis, Moneyball: The Art of Winning an Unfair Game
“The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.”
Michael Lewis, Liar’s Poker
“The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.”
Michael Lewis, The Big Short: Inside the Doomsday Machine
Some interesting links if you have time;
Indian jewellers strike over taxes on gold
http://indiatoday.intoday.in/story/jewellers-go-on-indefinite-strike-against-reintroduction-of-gold-tax/1/608898.html
Oz govt debt hits record
http://www.abc.net.au/news/2016-03-01/australia's-net-foreign-debt-tips-over-$1-trillion/7210622?section=business
Decade of record low growth
http://www.cnsnews.com/news/article/terence-p-jeffrey/us-has-record-10th-straight-year-without-3-growth-gdp
Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear. —Harry S. Truman.
For Admin,
“Jim Quinn over at The Burning Platform, a site that belongs on everyone’s “must read list”, has posted a brilliant essay about Philadelphia of particular interest to current and former inmates. It was a welcome decompression for me to get back where “main road” means the canopy doesn’t actually meet overhead.”
http://www.woodpilereport.com/