A Paradox

Kevin D. Williamson

“Our governments and our business and political elites are not mainly made up of stupid people. One of the shocking things about getting to know people in government, whether in elected office or in the bureaucracies, is that they are mostly bright, well-intentioned, and honest. Together they represent a sterling example of one of the most important and least understood of modern social paradoxes: None of us is as dumb as all of us.”

Kevin D. Williamson from his article Davos’s Destructive Elites

Investments

At an investment advisory meeting this week, an analogy was made for staying the course with your investments just as you would with your marriage.  Somehow I don’t think my wife will go along with that analogy and the good investment strategies of diversification and laddering of maturities…