February 2, 2023 - Quote of the Day
"When a crisis hits, the correlation of everything goes to one," said Boris Schlossberg of BK Asset Management.
Entries by MHFTR
Will Synbio Save or Destroy the World?
Some 50 years ago, when I was a biotechnology student at UCLA, a handful of graduate students speculated about how dangerous our work really was. It only took us an hour to figure out how to synthesize a microbe that had a 99% fatality rate, was immune to antibiotics and was so simple it could
January 13, 2023- Quote of the Day
“I think we don’t become our most honest and genuine until we are dead, and not until we have become dead for years. People ought to start dead and then they would become honest earlier,” said American writer and humorist Mark Twain.
December 29, 2022 - Quote of the Day
When asked how he manages the time to be chairman of Microsoft, run the world's largest charity, and raise three kids, Bill Gates answered, "I don't mow the lawn."
The Best Christmas Gift Ever
There isn’t a man out there who doesn’t occasionally wish they could be 22 years old again but know what they know now. I am certainly one of them. While it is unlikely that a hot tub time machine will be invented anytime soon for you to fulfill this wish, it is not impossible for
Dinner with Ben Bernanke
You would never guess Dr. Ben Bernanke was once one of the most powerful men in the world, indeed in all of human history. There he sat across the table from me in a popular San Francisco Italian restaurant wearing a poorly made grey suit and a cheap pair of shoes, with rubber soles. Only
September 15, 2022 - Quote of the Day
“We have the intelligence of a moss growing on a rock compared to nature as a whole…Don’t get hung up on your views of how things should be because you’ll miss out on learning how they really are,” said hedge fund legend Ray Dalio.
August 4, 2022 - Quote of the Day
"Artificial Intelligence is potentially more dangerous than nukes," said Andrew McAfee of the MIT Center for Digital Business.
June 14, 2022 - Quote of the Day
“I have not failed, I have just found 10,000 ways that do not work,” said the inventor, Thomas Edison.
They're Not Making Americans Anymore
You can count on a bear market hitting some time in 2038, one falling by at least 25%. Worse, there is almost a guarantee that a financial crisis, severe bear market, and possibly another Great Depression will take place no later than 2058 that would take the major indexes down by 50% or more. No,