18 June 2022
“Would I say there will never, ever be another financial crisis? Probably that would be going too far. But I do think we're much safer, and I hope that it will not be in our lifetimes, and I don't believe it will be.”
- Janet Yellen, June 2017.
11 June 2022
“The true investment challenge is to perform well in difficult times.”
- Seth Klarman.
4 June 2022
“The streets of Paris, strewn with the carcasses of the mangled victims, have become so familiar to the sight that they are passed by and trod on without any particular notice. The mob think no more of killing a fellow man – one who is not even an object of suspicion – than wanton boys would of killing a cat or a dog.”
- The Times of London, Monday 10th September 1792, reporting on the September Massacres, a foretaste of ‘The Terror’ to come.
Markets Meet Their Waterloo