Journal
November 2022
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Having, wanting, and the history of bull markets
Good Morning Ladies and Gentlemen «After a time, you may find that having is not as pleasing as wanting. It is not logical but is often true». Spock, Star Trek, Season 2, Episode 1 – Amok Time, 1968 Dinner with friends I had this interesting discussion with friends over dinner. Four couples, tasty food, great […]
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Precious metals-backed cryptocurrencies
Good Morning Ladies and Gentlemen «Happiness is contagious; spread it!» (from a fortune cookie) Once in a while, I receive emails with questions about cryptocurrencies. For example, one reader argued that cryptocurrencies backed by precious metals would be tangible. Another reader asked me if governments/central banks could issue cryptocurrencies out of thin air. Of course, […]