When Money Is Free, The Rational Lender

American Supremacy Is The Greatest Threat To The World Today.

Market Prices Are Always Wrong In The Sense That They Present A Biased View Of The Future.

Markets Are Constantly In A State Of Uncertainty And Flux And Money Is Made By Discounting The Obvious And Betting On The Unexpected.

It Is Better To Have A Cat And Mouse Game Where The Cat Has The Upper Hand Than A Cat And Mouse Game Where The Mice Are Ruling. Because The Latter Means That The Market Participants Are Given Free Range. That Was Actually The Big Misconception Of Our National Hero Ronald Reagan, Who Always Talked About The Magic Of The Market.

Start By Assuming The Market Is Always Wrong, So If You Copy Everybody Else On Wall Street, You're Doomed To Do Poorly.