The best predictor of the market is the market
Those who have knowledge, don't predict. Those who predict, don't have knowledge.
Lao Tzu
Those who have knowledge, don't predict. Those who predict, don't have knowledge.
Lao Tzu
From Bill gates book , page 10.
Around the same time, the late scientist David MacKay, a professor at Cambridge University, shared a graph with me that showed the relationship between income and energy use—a country’s per capita income and the amount of electricity used by its people. The chart plotted various countries’ per capita income on one axis and energy consumption on the other—and made it abundantly clear to me that the two go together: As all this information sank in, I began to think about how the world could make energy affordable and reliable for the poor.
“Why haven’t I had flu for the last 40 years?” he demanded.
Express, By JANE WARREN
The doctor’s response suggested he had a strong immune system enabling him to fight off the virus without feeling unwell, coupled with the fact he does not “go on the Tube every day”.
But there is more to the Duke’s health than access to a better quality of life than many people. This is a man who has always shunned the pursuits of typical pensioners. Even as an octogenarian he continued to compete in demanding carriage driving competitions, a sport he took up in 1971 after retiring from polo in his 50th year...............................
He stopped smoking in 1947, shortly before his wedding to the Queen and once said that he follows a low-carbohydrate Atkins-type diet. He drinks moderately and is said to swim regularly. One of the Queen’s former physicians described him as “astonishingly fit for a man of his age”.
Your diet is a bank account. Good food choices are good investments.
"ride the rally and drown out warnings that the market has become overheated."
--Bob Michele - the chief investment officer at JPMorgan Asset Management which manages $2.3 trillionEveryone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.
Frederic Bastiat
A good politician is good at being elected not at doing smart things. No one can blame him for doing stupid things the only thing he cares is to look good now or before the election.
Is oil going to shoot back to $100 a barrel, as underinvestment in the sector crashes into post-pandemic demand?
Both JPMorgan and Goldman Sachs think we’re entering a new oil supercycle, despite predictions demand could peak within a decade or so“For a successful technology, reality must take precedence over public relations, for nature cannot be fooled.” Richard Feynman
Even if Green Energy is green (I doubt Ethanol, etc... ) the economics (all costs involved) of wind and solar are weak at best. The results are disappointing but normally if something is not working politicians double down. Europe that has a bet on alternative Energy has energy costs much greater that US , China etc.. . Europe is behind those other superpowers recently that bet is part of the reason.
The Economy is energy transformation. Expensive energy, weak economy.
Physics matters. It was not a random or arbitrary fluctuation, much less political favor or the power of vested interest, that led coal to dominate British energy supply as early as 1700, eroding the status of a deeply resistant landed aristocracy and gentry. It was not thanks to politicians that in the following centuries coal, oil, and gas established an overwhelming position in global energy supply. On the contrary, it was the intrinsic physical properties of those fuels that led to their preferment, properties which can be summed up in a single term: Fossil fuels are of low entropy.
John Constable
Experts say China is on a course to displace the United States as the global leader in the production and sale of nuclear power generation, providing yet another avenue for Beijing's drive to become the world's leading economic and diplomatic power.
A recent study published in Strategic Studies Quarterly, a journal sponsored by the U.S. Air Force, found that since 2000, 96 nuclear reactors have been connected to the grid in 13 countries. Of these, 45 were constructed in China and 12 in Russia.
The paper also pointed out that of the 54 reactors under construction in countries around the world, 20 are related to China or Russia, and 13 are designed by China.
A $300 or a $30 watch both tell the same time!
I finished It
Listen to many, speak to a few.
Nobody is in charge
“Nature is pleased with simplicity. And nature is no dummy” ― Isaac Newton
Successful parenting is giving your children the best of everything....
My endorsement