Dancing in the Gates of Fear: Market Mayhem, Catastrophilia, and Xenophon’s Anabasis
Dancing? Catastrophilia? How else would you characterize the following graphs? In the first, we have the wild swings of the markets in the last three months (in a nevertheless bell-shaped normal curve!). In the second, we see a wild sterling threatening the financial...Market Turmoil, Plato’s Cave, and Lord Acton: Searching for the “Madonna of the Future”
Henry James described the story of an artist who devoted his entire life to a single painting as “The Madonna of the Future.” Yet, at his death, they found the easel in his studio with just a blank canvas. The market trajectory under current circumstances could be the...Canceling the Noise; Not by Bread Alone Part XIV
While we do not live in a world and a marketplace where the illusion that everything is fine and dandy dominates, an epidemic of denial as to the causes is prevalent and is sweeping the world and the markets. A wrong diagnosis will inevitably lead to the wrong...The Dividing Line of Discipline
“What is the difference between investing in the stock market and gambling?” This question was posed to me about a year ago by a friend of mine, and it has profoundly shaped my perception of the markets ever since. Obviously, there are significant differences between...Capitulating to Market Deconstruction: The March to an Unreasonable Imperfection
Plato and Hegel saw constant changes and sometimes revolutions as the seeds that forced societies to rise to the historical occasion of their times. Moreover, both of them considered evolutionary changes the ingredient that could inspire a march of Reason to...Sign Up for Our Publications
