13 September 2017
Anthony Lipmann’s piece on the Trump Metals Act not only gave me great pleasure, it also induced a 65 year old flashback.
Back in 1952 the hot topic among materials economists was a document called the Paley Report. It was commissioned by President Harry S. Truman and headed by William S. Paley, chairman of Columbia Broadcasting Corp, not the most obvious qualification for examining a materials supply question.
06 September 2017
For a long time, I held the view that luck is an under-valued element in considering success in financial markets. It’s not completely clear what Napoleon actually said - it may have been “I would rather have a general who is lucky than one who is good”, or possibly “I know he’s a good general, but is he lucky?” - but either way, we know what he meant. He himself wasn’t, in the end. Or at least, he came up against one who was luckier than him in Wellington.