Some ideas for the Weekend
Size became an objective because a bank that was
clearly too important and too big to fail was able to borrow cheaply, and even
a small advantage in funding costs meant that it could offer cheaper loans to
its customers
Mervyn King, The end of Alchemy
Real education must ultimately be
limited to men who insist on knowing, the rest is mere sheep-herding.
Bad taste creates many more
millionaires than good taste.
"You beat cancer by how you live, why you live, and in the manner in which you live."
Stuart Scott
A crisis could in fact, be defined as a set of circumstances in which the demand for liquidity suddenly jumps
Mervyn King, The end of Alchemy
Stuart Scott
A crisis could in fact, be defined as a set of circumstances in which the demand for liquidity suddenly jumps
Mervyn King, The end of Alchemy
Force yourself and the people who work for you
to do difficult things. It’s usually easy to make things go well if you’re willing to do difficult
things. We must act as trainers in gyms act in order to keep each other fit.
That’s what’s required to produce the excellence that benefits everyone. It is
a law of nature that you must do difficult things to gain strength and power.
As with working out, after a while you make the connection between doing
difficult things and the benefits you get from doing them, and you come to look
forward to doing these difficult things.
Ray Dalio, Principle nº75
Trump is treating america as if USA is sick? The dow jones touched briefly 20,000 last month, american companies are by far the best in research & development, they can hire the best, american higher education attracts the best and the technological edge from America had never been greater.
does America needs a hands on president that meets everyday with CEO's. i doubt. the progress of the world is bottom up. American doesn't need a top down approach for two reasons. It doesn't work (Soviet Union, Venezuela etc...) and second soon America will no longer have manufacturing factories with thousands of workers. why? because they should be done in a cheap country and Americans will do other things.
Going back to the past is not going to happen.
I don't trust the Trump rally, i trust the rally from the bottom up america and that rally might be in danger if Trump starts meddling too much.
Have a great weekend
@Carneirao101
Have a great weekend
@Carneirao101
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