Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Saturday, June 29, 2013

Financial Bubbles

*Note: What assumptions are made for this statement?  Think of the Opportunity costs of missing all the other rising markets and so on.
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If you bought the biggest bubble in equity market history, 1989 Nikkei, you are almost back to even in USD terms: pic.twitter.com/dqq2UTCo72






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