Blog
Truth • Goodness • Beauty • Bacon • Since 1961
Quote/Unquote
...the only regulation that will ever work is failure... Businesses should fail, that's the way the system was designed. Rick Santelli in an interview on King World News Two years ago, Congress had a chance to keep the economy from tanking. All they had to do was let the banks...
Deep Thoughts from NNT
Here's a quote from Nassim Nicholas Taleb, a new addition to my "favorite authors": What makes us fragile is that institutions cannot have the same virtues (honor, truthfulness, courage, loyalty, tenacity, generosity ) as individuals. I have long sensed that institutions are...
Rise Fenrir, Your Time Approaches
It sates itself on the life-blood of fated men, paints red the powers' homes with crimson gore. Black become the sun's beams in the summers that follow, weathers all treacherous. Do you still seek to know? And what? Brothers will fight and kill each other, sisters' children...
Why Greece Matters to You – the American Taxpayer
First, Bear Stearns made a bunch of stupid bets on sub-prime mortgages, and you - the American Taxpayer - bailed them out to the tune of $29 billion in guarantees to JPMorgan, (who bought Bear Stearns only on the condition that the government assume that debt.) Then, Fannie...
Earth Day: a Sad, Sick, Stupid Joke
Love Earth, Hate People Earth Day. <sigh> What an idiotic exercise. All these well-meaning, self-loathing do-gooders running around with their hair on fire, shouting, "Save Mother Earth! Save Mother Earth!" Hah! Like she needs our help. Where I grew up, Mother Earth...
Back in the Saddle
Back in November 2009 I made the decision to stop trading. I had been working at it for over 2 years, and had managed to lose a boatload over that time period. It was time to stop, time to regroup, time to rethink. It was a painful decision because trading - in so many ways -...