Happiness is complicated. There are two components. One is strongly genetic; the second is a question of how you feel at any moment. I am pretty content, but I had a very pessimistic mother, and I’ve always been known as a pessimist. It was always assumed I would be a professor. I grew up thinking…
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I came in this morning to see the Missus watching this….. Remind me to take the batteries out of the remote to stop such future abominations…
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Yesterday I was having lunch in Brighton and was somewhat bored because the weather was not encouraging use of the local boat ramp which is the greatest source of free entertainment in the world. Particularity in Brighton where a sense of self entitlement allied with copious amounts of plastic surgery, bad hair transplants and way…
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Other HL Menckens often paraphrased quote that nobody went broke underestimating the intelligence of the general public. The real lesson from such things lies in what they tell us about investors and group behaviour. What initially piqued my interest in this little phenomena was the sense of permanence people attach to events that are transient.…
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I read with interest last week that Joseph Gutnick had gone bust; apparently he owes some $275 million to various creditors and has about $15 to his name. I read this with a touch of nostalgia because it was Astro Mining that got me started in this business more than three decades ago. It also…
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Now that gold has shown a little bit of life along with the various other precious metals my junk mail folder is awash with the requisite number of peanuts trumpeting that gold is the single best investment class in the history of the universe. Which is at complete odds with reality that gold is neither…
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