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"In the end, it is the stories that survive us."
Risk management is not avoiding risks but understanding and mitigating them.
Intolerance of others’ views (no matter how ignorant or incoherent they may be) is not simply wrong; in a world where there is no right or wrong, it is worse: it is a sign you are embarrassingly unsophisticated or, possibly, dangerous.
History is indeed little more than the register of the crimes, follies, and misfortunes of mankind.
The bond market is the ultimate reflection of market psychology.