Ray Dalio performed a great service here. While no one can be expected to hit all of the points, and Dalio can be faulted for some glaring assumptions–such as presuming that prosperity comes with the essential coordination of government, lenders, and entrepreneurs–he does successfully summarize the historical record as it pertains to world order cycles.…
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Hard to believe it has been 25 years since the Farrelly Brothers’ comedy Kingpin graced the screen. In a fit of nostalgia for some 90s laughs, I watched it last week. Most of it was still funny. As expected, everything that Bill Murray did and said within that movie as antagonist extraordinaire, “Big Ern” McCraken, is…
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