Herrmann Blog Goes Dark
Due to a shoulder injury and the follow on surgery required to repair the damage, I will not be updating my blog for the next couple of weeks.
One year ago, the S&P was at 666…
Lies, Damned Lies, and Chinese Statistics →
What strikes me now, looking back, is how nothing was changed: no lessons were...– James Rickards, former General Counsel of Long-Term Capital Management
Lessons not learned...
Seth Klarman describes 20 lessons from the financial crisis which, he says, “were either never learned or else were immediately forgotten by most market participants.” One might have expected that the near-death experience of most investors in 2008 would generate valuable lessons for the future. We all know about the “depression mentality” of our parents and grandparents who lived through the...
In the end, are foreign leaders right to scare their people with tales of Japan?...– Ken Rogoff