Know What Your People Are

If Inflation-adjusted Interest Rates Decline In A Given Country, Its Currency Is Likely To Decline.

An Economy Is Not A Complicated Thing; It Just Has A Lot Of Moving Parts.

One Of The Greatest Sources Of Problems In Our Society Arises From People Having Loads Of Wrong Theories In Their Heads - Often Theories That Are Critical Of Others - That They Won't Test By Speaking To The Relevant People About Them. Instead, They Talk Behind People's Backs, Which Leads To Pervasive Misinformation.

There Are Two Main Drivers Of Asset Class Returns - Inflation And Growth.

I Believe That For The Most Part, Achieving Success - Whatever That Is For You - Is Mostly A Matter Of Personal Choice And That, Initially, Making The Right Choices Can Be Difficult.