May 2009
7 posts
Rules For Growing Up →
Thankfully, I’m not 25 yet, so I still have a few years to get the hang of some of these rules…
The Great Hargeisa Goat Bubble →
“As you can see, we had entered a classic momentum market, where the price of the goat had decoupled from the fundamental value of the goat: the cost of a goat now vastly exceeded the capital returns which were possible over its lifetime from sale of milk, cheese, and, ultimately, meat and skin. However, vast fortunes can still be made in strong momentum markets, regardless of fundamental...
“My next 100 days will be so successful, that I will complete them in just 72...”
– President Barack Obama