God from God, Light from Light, true God from true God, begotten, not made; of the same essence as the Father. —Nicene Creed Life aboard the Queen Mary resembles nothing so much as living in a retirement community. Most of the travelers have gray hair. Many have walkers or wheelchairs. Who else has the leisure […]
Day two of our trip passed without incident. The ship is full, so the restaurants and bars also tend to be full. Meals are eaten communally. That is, we sit at big tables and are obliged to talk to other travelers. We are not normally very sociable. But we almost always like people when we […]
Most Holy Spirit, who didst brood upon the chaos dark and rude, and bid its angry tumult cease, and give, for wild confusion, peace: O hear us when we cry to thee for those in peril on the sea. —Traditional Hymn Bon Voyage! A man in a wheelchair, pushed by his gray-haired wife, rolled into […]
Another day. Another sucker punch. And another guess about the dumbest investment you can make. USA Today: President Donald Trump on Wednesday imposed 25% tariffs on imported automobiles, barreling forward with a whiplash economic strategy that has rattled markets and ignited a global trade war. Trump detailed the tariffs, which will start at 2.5% and […]
All that matters is incentives. As Charlie Munger said, “Show me the incentives and I’ll show you the outcomes.” It really is that simple. But what incentives do leaders face?
‘One thing I like about Argentina. They cook with salt. That’s it.’ —Robert Duvall Well, you never know, do you? Recall that the Argentines introduced a “century bond’ in 2017. At the time, we were not alone in considering it the ‘dumbest investment in the world.’ Who would lend the Argentines money for 100 years, […]
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