And They Did Live by Watchfires: Things that Don’t Matter #4

Oliver Bird

For the bored (read: profitable) investor, the bias to action is a constant threat. As we become more passive in our strategies, the moral license to ‘do something’ is exaggerated, and must be curtailed.

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Waiting for Humpty Dumpty

Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s horses and all the king’s men Couldn’t put Humpty together again. Brexit is a Bear Stearns moment, not a Lehman moment. That’s not to diminish what’s happening (markets felt like death in March, 2008), but this isn’t the event to …

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Cat’s Cradle

“No wonder kids grow up crazy. A cat’s cradle is nothing but a bunch of X’s between somebody’s hands, and little kids look and look and look at all those X’s . . .”“And?”“No damn cat, and no damn cradle.” The Fourteenth Book is entitled, “What Can a Thoughtful Man Hope for Mankind on Earth, …

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