Law Has Become A Business. Health Care

When You Sell Options, You Get Paid For Assuming Risk. That Can Be A Profitable Business, But It Does Not Mix Well With The Risks Inherent In A Leveraged Portfolio.

If Truth Be Known, I Carried Some Rather Potent Messianic Fantasies With Me From Childhood Which I Felt I Had To Control, Otherwise I Might End Up In The Loony Bin. But When I Made My Way In The World I Wanted To Indulge Myself In My Fantasies To The Extent That I Could Afford.

America Felt Victorious And Generous After World War Ii. They Had Also Learned From The Mistakes After World War I When They Imposed Punishment On Germany. What Became Of Germany? A Nazi Dictatorship Which Threatened The World. Today's Germany Doesn't Feel As Prosperous And Generous As America Then. But Actually, Germany Still Is Very Prosperous.

The Generally Accepted Theory Is That Financial Markets Tend Towards Equilibrium, And...discount The Future Correctly. I Operate Using A Different Theory, According To Which Financial Markets Cannot Possibly Discount The Future Correctly Because The Do Not Merely Discount The Future; They Help To Shape It.

Financial Markets ... Resent Any Kind Of Government Interference But They Hold A Belief Deep Down That If Conditions Get Really Rough The Authorities Will Step In.