One who intends to leave others better off for his having existed.

8/5/14

Financial Market Volume Abnormalities

[A relitively large minority] believe market price levels 
are largely driven by monetary policy
and we are all being played by politicians and central bankers...
[while the rest don't care, don't know or don't want to know]

http://www.salientpartners.com/epsilontheory/
There’s [relatively little] sincere about the public sphere today, 
in its politics or its economics, 
and as a result, [many are slowly losing] faith in our public institutions, 
including public markets.

http://www.salientpartners.com/epsilontheory/

[When too few] require convincing 
that market price levels are unsupported by real world economic activity
[is when the siht hits the fan].

http://www.salientpartners.com/epsilontheory/

Public sentiment is everything

With public sentiment nothing can fail

Without it nothing can succeed

He who molds public opinion is greater than he who enacts laws

Abraham Lincoln


There are two ways to be fooled

One is to believe what isn't so
the other is to refuse to believe what is so

Soren Kierkegaard

The Ministry of Peace concerns itself with war
the Ministry of Truth with lies
the Ministry of Love with torture
and the Ministry of Plenty with starvation

These contradictions are not accidental
nor do they result from ordinary hypocrisy

They are deliberate exercises in doublethink

George Orwell

It is difficult to get a man to understand something 

when his salary depends on his not understanding it


Upton Sinclair


Sometimes people mistake the way I talk
for what I am thinking

Idi Amin 

Statements by high officials are practically always misleading

 when they are designed to bolster a falling market


Gerald M Loeb


Men… think in herds
it will be seen that they go mad in herds
while they only recover their senses slowly…
one by one

Charles Mackay

Egotism is the anesthetic that dulls the pain of stupidity



Frank Leahy



No comments: