Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.
James BuchanAny new financial order for the world must tackle the three chief challenges of our age.
James BuchanLosing your capital is like losing your trousers. It is a real humiliation, and one not to be soon repeated.
James BuchanIs there any purpose to translating poetry? A poem does not contain information of importance, like a signpost or a warning notice.
James BuchanFor all their current prestige, Osama bin Laden and the suicide bombers are still regarded in all but the most desperate districts of Gaza or Peshawar as romantics with little chance of more than symbolic victories, however bloody and brutal. That gives both the Middle East and the West a small and distant hope of security.
James Buchan