The Dividing Line Between Wish And Need

Almost All Novels Are Improved By Cutting From The Top. On Their First Pages, Authors Parade Those Favourite Effects Which Disgust The Impartial Reader.

At The Heart Of Banking Is A Suicidal Strategy. Banks Take Money From The Public Or Each Other On Call, Skim It For Their Own Reward And Then Lock The Rest Up In Volatile, Insecure And Illiquid Loans That At Times They Cannot Redeem Without Public Aid.

Saudi Arabia Is A Puritanical State That Claims A Monopoly Of Wisdom And Virtue.

Cause And Effect, The Riddle Of All History, Is A Particular Devil In Financial History; And Never More So Than Today, Where Entire Classes Of Security Are Collapsing Not On Public Exchanges And Stock-tickers But Because There Are No Markets To Establish Prices This Side Of Nothing.

Saudi Arabia Operates According To The Belief That God Made Young Men And Women So Utterly And Completely Without Self-control That They Must Be Physically Segregated Every Moment Of The Day And Night.