We don't learn from our mistakes: how to make money from our mistakes.

If one looks throughout the vast amount of history and studies human created disasters in detail. They will come upon a unifying theme, that we consistently make the same mistakes. Generations repeat the mistakes of previous generations. It is my belief that we will continue to do so. 

A particularly hilarious mistake are bubbles: we cause asset inflation and then cry when these bubbles pop.

No doubt, these mistakes will be repeated in India and China as they develop. They will repeat the mistakes of Europe and the USA as they developed throughout the 19th, 20th Century and now the 21st Century. 

They will develop property bubbles, stock market bubbles and who-knows-what bubbles. All of which will be destined to pop - economies have inevitably correct themselves. Institutions such as Central Banks and government spending try to prevent this from occuring. All they do is delay, it becomes a matter of when not if. 

Taking the above, how can we use this to our advantage? The answer is simple: through effective timing. Buy before the bubble develops or it is in the early stages, buy some more, keep buying and finally buy till you can leverage no more. At this point the bubble may appear to be breaking down and slowly deflating, alas, it will not institutions will intervene on your behalf to continue this inflation. After this point most deals and contract which are done are largely fallacious. This my friend, is when you should exit and deleverage. 

People will judge you negatively, they will be suspicious of you. Going against the herd is not rational to them, and this is exactly what you are doing.  

Take that money you have made, treat yourself to a holiday, cut back on your work. Spend it on your passions. I would buy myself a unnecessarily large drum kit.  

With what's left over construct yourself a recession proof business or at least one that can take advantage of the negative fluctuations in the business cycle. Perhaps a bank like Andrew Beale. Start a mutual/(hedge) fund. 

Most importantly, have fun along the way.

Maximising Prosperity,

I will need to figure out the best way to make as much money as possible in the next 60 years. 

I intend to do this by researching people, who are presently rich and have amassed their fortunes over the last 20 - 40 years. Figure out what they have done and see if it is applicable to other markets or in the present. 

Example: http://www.forbes.com/2009/04/03/banking-andy-beal-business-wall-street-beal.html Made money in real estate, used money to open a bank, which has prospered through the crash of 2008. 

Bush the Tyrant, Warmonger and Hero

It is unfortunate that in a 100 years from now history will judge Bush like it has judged Lincoln. 

Lincoln being the freer of slaves, the one that gave liberty to those that needed it most. 

In reality this is not the case Lincoln was the Bush of the 19th century.  

To begin with, he suspended civil liberties just like Bush, Habeus Corpus, and in some cases went even further such as removing freedom of press.

But surely he freed thousands of people, right? Correct, but it is the way he went about doing so. 600,000 American lives lost, billions of dollars spent, destruction of cities, famines & epidemics.

Was this an acceptable price to pay? What if he could have paid a much smaller price? In Europe, slaves were bought from their owners, no expenditures, no inflation and most importantly no pain. 

Would it have been too much to ask Lincoln to consult with his European allies as to how they had achieved this enormous feat. 

Instead he chose to become a warmonger and tyrant. However, after almost 140 years, we look back at him as a great a man, a true president. On average, he would probably rated as the best president the US has ever had, if done on a survey of the population. 

In fact, the decisions he made were catastrophic in light of the other available options. 

I can't help but bear to think that George W Bush will be treated with the same love in 100 years.

The United Socialist States of America

The U.S.S.A will soon be upon us. Output will soon be maximised, profits minimised. 

Equality for all!

The people have spoken

By judging from the past few weeks, it is clear that we the British people have spoken.

We have made sure that, no longer, we shall fear the government. But from now the government is to fear us. It is to work for us, and not in the interest of the few.

I congratulate you all, for what has been achieved in the past few weeks, it is quite simply, revolutionary.

We have shown to all the world, what people with will, people with power can do.

I hope we continue to challenge, to question our current and future governments. I hope we continue to be patriots. Only then, will superior progress be brought to us.

Why I am swinging towards McCain at the moment.

No bankrupting Universal healthcare. It will most definetly cost more than Iraq, and increase government in markets, they will have to print more money to fund healthcare when the boomers start retiring in masses, more inflation, more pain for the little guy.

Once you have universal healthcare it is hard to go back to market based systems, because the baby boomers will never let it happen so as long as they control the majority of the vote.

He hopes to be finished with Iraq by 2013, I can cope with that, I would like it to be earlier but its a compromise.

He wants to get help pakistan get rid of the training grounds in their tribal areas. (in my opinion this is a very important issue, India receives a lot of terrorist attacks from people who are trained in these areas. And nutjobs from the UK go there for training.

I know he is pro-torture, but being tortured himself, I can only respect his decision and I can't really criticise him as his first hand experience will trump my 2nd hand experience.

He makes slurs to his wife, doesn't keep in touch with people in vietnam, he visits dying democrats and old friends in hospitals.

But I couldn't care what he does with his personal life and it is none of my business. All I care about is that he is a good leader and he has policies which are in the long term interest of his country.

At the moment he is fulfilling my self-interest, and my self-interest is that America remain strong and not have fiscal liabilities which she cannot afford.

At the end of the day I think Obama is an amazing candidate and he is truly the change which America needs. But to me he is inaccessible simply due to the nature of the long term liabilities in his policies.

However, I understand, if McCain does not fulfil your self-interests as your concerns may lie elsewhere.

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