We estimate the wisdom of nations by seeing what they did with their surplus capital.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to read more

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already.

Finance, like time, devours its own children.

Finance, like time, devours its own children.

A financier is a pawn-broker with imagination.

A financier is a pawn-broker with imagination.

The pen is mightier than the sword, but no match for the accountant.

The pen is mightier than the sword, but no match for the accountant.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.