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

Thursday, January 5, 2017

Quotes


"Our busy minds are forever jumping to conclusions, manufacturing signs that aren't there."

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"Your Speed doesn't matter, forward is forward."

Bromide can be poor advice? sense of urgency needed in a fast moving world...etc.


a trite and unoriginal idea or remark, typically intended to soothe or placate.
"feel-good bromides create the illusion of problem solving"








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 Consistently investigate what gives other people energy. Be the fan that fuels it.
- Darren Rowse
 
Clothes + Manners do not make the man; but when he is made, they greatly improve his appearance. Arthur Ashe


Grande Prairie's winter sunshine
 
 
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A Journey Of A Thousand Miles Must Begin With A Single Step.

Brevity is the soul of wit.


Thou seest we aren't alone unhappy This Wide and Universal Theatre Presents more woeful pageants than the scene Wherein we play in
"There are always flowers 4 those who want to see them." Matisse

"Our busy minds are forever jumping to conclusions, manufacturing signs that aren't there."









7 'black swan' events that could upend oil,commodity prices this year

Here are 7 'black swan' events that could upend oil, commodity prices this year, Barclays says



















Black Swan
PENGGG | Getty Images
 
Barclays' commodities research team shared its top risks for oil, gas and metals investors this year including events such as trade wars, sovereign debt defaults and a Tesla battery breakthrough.

"From Brexit to Trump's election, polling models and analysts were frequently surprised in 2016 by political events that had seemed remote," analyst Michael Cohen wrote in the Thursday report titled "The black swans of 2017."

Nassim Taleb wrote "The Black Swan" in 2007 that focused on the risks of unforeseen tail events.

"We define a commodity 'black swan' as an extreme event or dynamic that market participants, including ourselves, are not currently pricing in. We assess several black swan threats to the supply, demand and transit of commodities that could potentially move markets in 2017," 
Cohen added.

He said global political populism and trade protectionist policies are key risks to the commodity supply chain this year.

Here are seven "possible black swan events" from Barclays and the firm's predictions for commodities prices.




Link: http://www.cnbc.com/2017/01/05/here-are-7-black-swan-events-that-could-upend-oil-commodity-prices.html?__source=newsletter%7Ceveningbrief


Monday, January 2, 2017

Aristotle Quotes


Happiness is the meaning and the purpose of life, the whole aim and end of human existence.
  
 
Happiness is the settling of the soul into its most appropriate spot.


All men by nature desire knowledge.


You ought not to fear that over which you have no control.


The pleasures arising from thinking and learning will make us think and learn all the more.

 
Dignity does not consist in possessing honors, but in deserving them.

 
No great genius has ever existed without some touch of madness.

 
Quality is not an act, it is a habit.

 
Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution.
 
 
 

Tuesday, December 13, 2016

Quotes on Keeping it simple

“You were made and set here to give voice to this, your own astonishment.” 
— Annie Dillard

"A life that is vowed to simplicity, appropriate boldness, good humor, gratitude, unstinting work and play, and lots of walking brings us close to the actually existing world and its wholeness."
— Gary Snyder

But why shouldn't my work be hard? Almost everybody's work is hard. One is distracted by this notion that there is such a thing as inspiration, that it comes fast and easy. And some people are graced by that style. I'm not. So I have to work as hard as any stiff, to come up with my payload.”
— Leonard Cohen

“By believing passionately in something that still does not exist, we create it. The nonexistent is whatever we have not sufficiently desired.”
— Franz Kafka



Mathematical Concepts Investors Should Know

Photographer: by James Leynse/Corbis

Odd Lots: These Are the Mathematical Concepts Investors Should Know

Victor Haghani on the pros and cons of quantitative finance.
Odd Lots@2x.png
Subscribe to the Bloomberg Odd Lots podcast (Pocket Casts) 
Subscribe to the Bloomberg Odd Lots podcast (iTunes)
Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

What's the optimum amount of money you should bet on a particular outcome? The answer is dictated by mathematics, yet plenty of people still go against the laws of numbers and probabilities when it comes to investing their money.

This week we speak with Victor Haghani, CEO of Elm Partners Management LLC and the co-founder of the collapsed hedge fund Long-Term Capital Management LP, about the most important mathematical concepts for investing. We also discuss the pros and cons of quantitatively-led finance.






Link: https://www.bloomberg.com/news/articles/2016-12-12/odd-lots-these-are-the-mathematical-concepts-investors-should-know

 

Wednesday, November 16, 2016

Buffett after Trump win: '100%' optimistic about America




Published on Nov 11, 2016
Billionaire investor Warren Buffett was a huge supporter of Hillary Clinton for president, but tells CNN's Poppy Harlow he will support Donald Trump saying "it's very important that the American people coalesce behind the president."

Though, Buffett notes, Trump's 4% GDP growth promise is "not realistic."


Link: https://youtu.be/auukuYuizq4

Friday, November 11, 2016

Why did Donald Trump win the A|merican Election


The inequality bubble is accelerating, worse than '29, even 1789 ...

www.marketwatch.com › Investing › Paul B. Farrell
Apr 20, 2015 - French Revolution, history lesson, denied, never learned ... but income inequality has increased even more under Obama than under Bush.“.



Thursday, November 3, 2016

Warren Buffett wrote op-ed in the New York Times in October 2008


Warren Buffett wrote a famous op-ed piece in the New York Times in October 2008 in which he that said the following:

“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors."

This is the mindset of a great investor and how great investors react when there are opportunities like we’re seeing in this beaten down sector. They buy when others are selling.