Rules

English: we don't like to make rules but...

Rules can be broken — but never ignored.
—David Jury

Ayn Rand: No way to rule innocent men

Atlas Shrugged

Atlas Shrugged (Photo credit: Wikipedia)

 

There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system … that’s the game…

Ayn Rand in “Atlas Shrugged

 

 

Jeremy Grantham: Volatility

Volatility is a symptom that people have no idea of the underlying value – that they have stopped playing the asset game. They’re not buying because it’s a company with certain attributes. They’re buying because the price is rising.” Jeremy Grantham.