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Crowds, Mencken and Wisdom from Two Great Investors
The study of crowds has always fascinated people in finance. It’s not hard to understand why. Markets can go to crazy extremes, extremes no one can make sense of. So, one favorite way to explain… read more
Don’t Believe the Gloom-and-Doom Hype
In my youth, I did several years in Hollywood. My mother, thankfully, never found out. I told her I was a contract killer for the Yakuza, or something, to spare her the truth. Initially, my… read more
Should Bitcoin Be Regulated Like Dollars?
The opening talk at the Bitcoin 2013 conference in San Jose was given by the Wilklevoss twins, purported owners of 1% of the world’s existing Bitcoins. They addressed the burning question of whether and how… read more
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