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.

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

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.

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.

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.

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.

It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.

It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.

One-third of the people in the United States promote, while the other two-thirds provide.

One-third of the people in the United States promote, while the other two-thirds provide.

Finance is the art of passing currency from hand to hand until it finally disappears.

Finance is the art of passing currency from hand to hand until it finally disappears.