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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label skin in the game. Show all posts

Showing posts with label skin in the game. Show all posts

Saturday, October 17, 2015

Quote of the Day: The Difference between Businesspersons and Speculators relative to Forecasters

I've see rich businesspersons; I've see rich speculators; but I've never seen a rich forecaster. Another splendid aphoristi...

Wednesday, October 30, 2013

Quote of the Day: The Difference between a Politican and a Private sector CEO

Some of the president’s most central and important claims about Obamacare are revealed now – and widely admitted – to be wrong. If he wer...

Friday, October 11, 2013

Marc Faber: A Corrupt System that Rewards Stupidity

Today’s political economic system has increasingly evolved to what Nassim Taleb calls as the lack of the " skin in the game " (or...

Sunday, May 19, 2013

Quote of the Day: The Intelligencia pay no price for being wrong

Well, if you come up with a lot of wrong ideas and pay a price for it, you’re forced to think about it and to change your ways or else get...

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