Anecdote: There’s only one way to really learn lessons. The hard way. On Monday, February 7, 1994, I was short a very large number of Short Sterling futures contracts, which would have made me money if the Bank of England (UK central bank) increased interest rates. I was unfortunately not alone; it was a rather obvious trade. Out of nowhere, the price started moving massively against me. Someone knew something. All I
Hope all goes well… Some things are priceless. Had there been an offer, Bill Gates would have surely paid it to bury the Epstein headlines about his island misadventure with Russian women, STDs, and secret antibiotics for Melinda. Some things are incorruptible. The value of all the world’s above-ground gold rose to $39trln on Thursday. But then fell $3.4trln on Friday, roughly the market capitalization of Microsoft.