Hyperinflation unfolds when a government CANNOT issue debt so they print. — Martin Armstrong
A tiger doesn’t lose sleep over the opinion of sheep. — Zig
When small people begin to cast big shadows, it means that the sun is about to set. — Lin Yutang
A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves. — Lao Tzu
How We Got Our (7) Kids in College by Age 12
… we never say “buy this or that curriculum” or “follow these steps and — presto! — your kids will get into college by 12.” What we do share is the advice that if we as parents LET OUR KIDS WORK AT THEIR OWN PACE, PROVIDE MATERIAL THAT THE KIDS ARE INTERESTED IN, AND NEVER HOLD THEM BACK, then they’ll begin to see amazing results.
As a nation begins to prosper, it ALWAYS begins to import goods and it also invests its income outside the home country. This causes the current account to decline into negative territory yet it is reflective of a boom, not a bust. — Martin Armstrong on India
DEBT has always been the Great Destroyer of Civilization. It is the opium of governments since the dawn of time. — Martin Armstrong
Markets work. As prices move higher, new supplies are bound to be discovered and flood the market. It’s only a matter of time. — Porter Stansberry
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. — 1935
Time is your friend; impulse is your enemy. – Jack Bogle
The truth is incontrovertible. Malice may attack it, ignorance may deride it—but in the end, there it is. – Winston Churchill
I began learning long ago that those who are happiest are those who do the most for others. — Booker T. Washington
An appeaser is one who feeds a crocodile—hoping it will eat him last. — Winston Churchill
So we pour in data from the past to fuel the decision-making mechanisms created by our models, be they linear or nonlinear. But therein lies the logician’s trap: past data from real life constitute a sequence of events rather than a set of independent observations, which is what the laws of probability demand… It is in those outliers and imperfections that the wildness lurks. — Peter L. Bernstein
Do not go where the path may lead, go instead where there is no path and leave a trail. — Ralph Waldo Emerson
The greatest remedy for anger is delay. — Thomas Paine
Goal seeking emerges directly from a long-term drive to increase future freedom of action… Intelligence should be viewed as a physical process that tries to maximize future freedom of action and avoid constraints in its own future. — Alex Wissner-Gross
Mathematicians think in symbols, physicists in objects, philosophers in concepts, geometers in images, writers in impressions, and idiots in words — Nassim N. Taleb
An easy way to find out if people really know what they are talking about is ask:
- What is the error rate? A real study / scientist will have a number handy, or at least be able to address the topic in a sensible way. A fruadster will, at best say, “I don’t know”, worst make stuff up.
- What is the sample population size? If there are a million of something, but only 10 are tested, probably meaningless. For simple studies, a very general rule of thumb is that the sample size needs to be at least 30.
- What is the chance, with error rate, that that will happen to me?