"Markets, like everything humans build, aren’t perfect. They reflect us—unfinished, sometimes flawed, but always improvable. The solution isn’t to abandon markets; it’s to expand them."
"Risk means more things can happen than will happen."
"Market extremes are obvious, but unfortunately only obvious after the event. Once the extreme has been extinguished, we can happily carry out a post-mortem on the irrationality that led to it, typically ignoring the fact that for the extreme to have existed many people must have considered it to be justified at the time."
"I'll say for the umpteenth time, you must keep your eye on long term bond yields because they are moving higher again and gold continues to be the biggest beneficiary of the push back against excessive debts and deficits as it is at a record high, also taking up silver and platinum,"
"Risk means more things can happen than will happen."
"Market extremes are obvious, but unfortunately only obvious after the event. Once the extreme has been extinguished, we can happily carry out a post-mortem on the irrationality that led to it, typically ignoring the fact that for the extreme to have existed many people must have considered it to be justified at the time."
"I'll say for the umpteenth time, you must keep your eye on long term bond yields because they are moving higher again and gold continues to be the biggest beneficiary of the push back against excessive debts and deficits as it is at a record high, also taking up silver and platinum,"