Sublime

incentives are scrambled together into a narrative that works for you.

Our fear is that the limitations of our current system of fiat money will become increasingly obvious over the coming months and years. Yet we are optimistic that, as it does so, the search will intensify for better alternatives (including to gold, given its limitations as a currency).

Perverse Incentives

She said much of the finance industry has too narrow a view of its strategy and goals. It often becomes a short-term, almost zero-sum game with many investors focused only on small relative gains won against each other.

Reid Hoffman

(loss aversion).

Our main objective will be to guide the reader against the areas of possible substantial error and to develop policies with which he will be comfortable.

bad money drives out good, if they have the same value.

One of the hidden causes of the current global financial crisis is that the people who saw it coming had more to gain from it by taking short positions than they did by trying to publicize the problem.