Kass: Move Over Reddit/WallStreetBets, There s a New Kid on the Block! I have a solution how to get rich in 2021! It s all about books.
I call B.S. to the wanton speculation that has consumed our markets.
In my decades of investing experience I have not seen such mindless and uniformed speculation as I have witnessed recently. Indeed, in nominal dollar terms (and let by retail traders, see chart below) it is far in excess of the dot.com boom.
The Bible says ( pride goes before destruction, a haughty spirit before a fall.
And William Shakespeare warned that dreams are the children of an idle brain, begot of nothing but vain fantasy.
In 1971, the American advertising agency Young & Rubicam launched a campaign themed “A mind is a terrible thing to waste” for what was then called the United Negro College Fund. The United Negro College Fund had a scholarship programme designed to support black students in their pursuit of post-school studies in various professions an attempt to undo centuries-old deprivations, dubbed “compulsory ignorance” by some observers.
It was a powerful advert that left an indelible mark in my mind. Central to the ad was the proposition that a properly developed and nurtured mind is indispensable in virtually every aspect of life in any society.
How British spy George Blake became a KGB colonel AP; Getty Images; Global Look Press; Legion media The MI-6 operative was one of those double agents of the Cold War era, who worked for the USSR in service of an idea - not money. And neither the breakup of the Soviet Union, nor that of the socialist regimes across the globe as a whole, could deter him from his faith in communism.
On December 26, George Blake passed away at the age of 98. The man was one of the most celebrated double agents of the Cold War years. An MI-6 operative, he worked for Soviet intelligence for almost 10 years, becoming one of the most valued agents in its history.