Monthly Archives: March 2014

(Black) Swan Song

For Seneca, the Stoic sage should withdraw from public efforts when unheeded and the state is corrupt beyond repair. It is wiser to wait for self-destruction. –Taleb It is a tragicomic sight. Every day, now, bullish traders bid the market to … Continue reading

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Minding the Mind

Some people would sell out for nearly nothing and move away. And it never failed that during the dry years the people forgot about the rich years, and during the wet years they lost all memory of the dry years. … Continue reading

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Real Estate? Now?

The butterfly counts not months but moments, and has time enough –Tagore In my mind, the conversation goes like this: “So, how ’bout real estate now?” I say. “Too soon for a third buyer ,” he says. He, being Fat Tony, Taleb’s … Continue reading

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Another Delusional Moment

Men are children. They must be pardoned for everything, except malice. –Joubert A litany of ills affecting the markets commands our attention: For the third time in less than fifteen years, investors are behaving in a fashion that historically has produced miniscule, temporary upside payoffs, followed by catastrophic … Continue reading

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The Ubiquity Problem

And slime had they for mortar —Genesis 11 When it comes, Bloomberg’s newsroom clerk will dash over to the AP newswire, pull a likely item off the tape and, because he has to write something, blame the stock market crash on whatever he grabbed. Evening newscasters will report this bullshit, and it will be wrongly consumed as fact at … Continue reading

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