The recent failure of the London metal market’s delivery system (LBMA) reminds me of my shipwreck on the Three Fingers Lake in Mauricie two years ago.
A skiff I had left on that lake had long since lost its ability … LIRE LA SUITE →
Katastrophenhausse
When rising prices take control of an economy… LIRE LA SUITE →
The Trap
Can you resist the temptations of quick wins when the market is on fire? Resist impatience when the market stalls or resist panic when it drops? Do you coldly underweight the dangers behind an investment that is too good to … LIRE LA SUITE →
Broken Bottles
As with alcohol, the effects of monetary expansion are initially pleasant, if not exhilarating. Economy and finance are enjoying their new cocktail together … until inflation kicks in.
At first, the party’s hosts (the financial authorities) seek to deny the … LIRE LA SUITE →
The 3 Little Pigs at the Stock Exchange
While multiple indicators announce the possibility of a major and imminent stock market correction, Pascal uses the image of the 3 little pigs to explain to his friend Fred the importance of having the discipline to get prepared for the … LIRE LA SUITE →
Against the Tide
Angling: what a great school! Little Colin will long remember this memorable fishing trip which not only offered him a great lesson of life for the man he will become, but also a pearl of wisdom for the investor he … LIRE LA SUITE →