The growth of the trading culture has encouraged the belief that the only measure of value is what someone is willing to pay. But this is a mistake.
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17 April 2013, Financial Times
07 March 2013, Financial Times
The most remarkable thing about Warren Buffett’s achievements is not that no one has rivalled his record, it is that almost no one has seriously tried to emulate his investment style.
23 January 2013
Should there be markets for sperm, surrogate motherhood or transplant organs?
19 December 2012, Financial Times
Anyone who thinks the quest for scale economies is the primary explanation of the human desire for family life is strangely deficient in observational capacity, as well as common sense.
14 November 2012, Financial Times
Manufacturing fetishism – the idea that manufacturing is the central economic activity and everything else is somehow subordinate – is deeply ingrained in human thinking.
10 October 2012, Financial Times
The average historic return on the volatile equity market is central to calculations of the cost of capital and provision for future pension liabilities. But the figure has been debated for decades.
22 August 2012, Financial Times
The argument that we need the best and latest is powerful in political decision making, even among people who would never behave that way in their everyday lives.
30 May 2012, Financial Services
The idea that there is something called “the economy”, which is separable from the welfare of society and its citizens, is silly. There isn’t.
23 May 2012, Financial Times
Gresham’s Law – bad money drives out good – dates from an era of metallic currency: debased coins circulated, genuine ones were hoarded.
01 February 2012
Currency is a confidence trick: its value depends entirely on the belief that it has value.
26 November 2008, Financial Times
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