Do not believe government pronouncements that the economy is rebounding from very minimal damage caused by unprecedented Covid-19 inspired closures of businesses or that the damage was very mild anyway. Government will use it favourite [more…]
Things don’t just “happen”. Everything in the passing parade of phenomena is the result of something that preceded it: this is the world of cause and effect. Those appointed to hold the levers of power [more…]
I wouldn’t ever call myself a professional investor far from it, I am a real amateur. I have had one or two successes and some real flops but in general, I have made more than [more…]
In his latest book (“The Body – a Guide for Occupants”) Bill Bryson highlights the limitations on what money can buy. He points out, for example, that America spends more per capita on healthcare than [more…]
I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]
I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]
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