How do we know when irrational exuberance has unduly escalated asset values?

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

The Iraq War is largely about oil.

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

If I say something which you understand fully in this regard, I probably made a mistake.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.