Sometime ago I wrote a blog entitled The Peltzman Effect in the markets. It examined the effect of safety systems lulling as into a sense of complacence that either makes us take bigger risks or makes us complacent about events continuing endlessly. 2017 was one such year where the public was fed on a diet...
Last week I was at one of our religious ceremonies where some ritual has to be done. The room was full of people like me, all seated and following the instructions of the priest who was intoning something in Sanskrit, which none of us followed. But, we have been doing this for many years and...
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