It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.

Debt is always repaid, either by the borrower or by the lender.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?

Progress is cumulative in science and engineering, but cyclical in finance.