A question to begin today’s discussion… Which is riskier: corporate or public debt? If I lend $1,000 to my neighbour and take his bicycle worth $1,000 as collateral, which is what pawn brokers do, I have a quantifiable risk. I also have collateral which I can trust. I can see, feel
A couple of weeks ago I said Jim Rogers has been wrong. I promised a follow up to that article and here it is. Truthfully, I was being a bit hard on him. Jim is an intelligent investor who has long railed against the revolving door between our political and
“If you’ve got young people who don’t know what to do, I’d urge them not to get MBAs, but to get agriculture degrees,” – Jim Rogers “All your viewers who got MBAs made a terrible mistake; they should try to exchange them for farming degrees or mining degrees”. – Jim
Fathers and mothers everywhere recall with a certain fondness the years BC. For the average pre-family adult, life was starkly different before children (BC). Responsibilities ended at the individual level and oh, the freedom. Money was yours, time was yours, and you could do with it all as you damn
New Zealanders are like the residue of Weet-Bix left in a cereal bowl for a couple of weeks: tough! Let me give you an example. When James Grant was attacked by a shark while spearfishing his response was pretty typical of the Kiwis I know here: “Bugger, now I have to
Risk, as I mentioned on Tuesday, is not only integral to any healthy functioning economy. It’s a simple fact of life which often goes unnoticed; until it is forced on you like a Watchtower pamphlet from a Jehovah’s Witness. In response to my earlier post on risk I received a
“The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change…” Leo Buscaglia nailed it with the quote above. Ask any friends, colleagues or contacts you know who’ve enjoyed success about risk.