Sublime
An inspiration engine for ideas
whether these developments can or should proceed in the face of opposition from legions of losers will be among the more important controversies of the Information Age.
James Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
The Profile: The billionaire who lived a double life & the news giant cracking from within
The Profiletheprofile.substack.com
Trends get very favorable and then everyone wants to retire on them through speculation. China is the greatest bubble I have ever seen, as its government has driven its economy for decades solely through massive overbuilding.
Harry S. Dent Jr. • The Demographic Cliff
Realizing the future might not look anything like the past is a special kind of skill that is not generally looked highly upon by the financial forecasting community.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
History can be a misleading guide to the future of the economy and stock market
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
One fairly dependable sign of the approaching end of a bull swing is the fact that new common stocks of small and nondescript companies are offered at prices somewhat higher than the current level for many medium-sized companies with a long market history.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
In today’s stock market, most trades are made with someone else’s money (in Druckenmiller’s case, mostly George Soros’s). The 1990s and 2000s are sometimes thought of as the age of the day trader. But holdings by institutional investors like mutual funds, hedge funds, and pensions have increased at a much faster rate (figure 11-9). When Fama drafte
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
(Dimon is fond of Mark Twain’s wry comment that history does not repeat itself, but it does rhyme.)