Video Casts
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The Perverse Lesson of Bitcoin for Other Currencies
A reminder that currency is the value of promises carried by the paper on which it is printed, in the form of Bitcoin, which makes no pretense to have any promise whatsoever except what the market attributes to it. Bitcoin has appreciated sixfold in term... | 30 March 2013
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Jeremy Grantham Meets Charlie Rose
A virtuoso conversation by Jeremy on market bubbles, central bank debasing currencies, food and water shortages, attractiveness of forest and agriculture investments and the appeal of paper vs. real investments. His firm, GMO, is a $100 Billion global fi... | 17 March 2013
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Ode to Jim
My long time friend, James Fraser, leader of the Contrary Opinion Forum and many other things connected with independent thinking died this week. This is my video Ode to Jim. Here is an abbreviated transcript: Ode to Jim Hey, Jim. You are gettin... | 11 February 2013
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Take/Give
When you get to the "distribution phase of one's life", it is far more important to concentrate on the quality of intellectual and ethical advice, how finances are to be divided, and one's legacy of behavior rather than other acquisitive factors.... | 8 February 2013
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Liquidity is King
Markets all over the world, in nearly any asset class, display a preference for liquidity over quality, location and return. To bet against this tsunami is dangerous to market surfers.... | 8 February 2013
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World Disease… For All of Us: Weakness
Every country, every power structure is weaker now than in the past, say, a few decades. This development can be seen as a normal vetting in the Kondratieff winter... a transition from whatever economic and political compacts were in the previous two gen... | 14 September 2012
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A Plea… A Prayer for Free Markets Now
There is a Keynesian justification for moving away from free markets for sovereign debt for temporary conditions so long as corrective action is promised and taken. If not, the dislocation becomes debilitating and eventually remove an ability to function... | 5 September 2012
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Tale of Two Cities (Markets)
Charles Dickens pointed to the difference between two cities in the 1890s. And he could have been thinking about a confluence of the retail and institutional markets today.... | 25 August 2012
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Shoulder Update
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Dean’s Shoulder Repair