Inside the Doomsday Machine

Risk comes from not knowing what you’re doing. – Warren Buffett This article is about the powerful doomsday machine, which by paradox is the same machine, defined by Adam Smith, that has brought market economies wealth  and high standards of living, and at the same time in the information age risks bringing us into collapse.… Continue reading Inside the Doomsday Machine

Backstage on Wall Street

On Saturday mornings, I like to browse and digest the current weeks issues of Time Magazine and Newsweek. I have subscribed to them since the 1980s and I have piles of old issues on paper, but no more. From this issue Newsweek is published only on iPad and other digital media. This transformation of the… Continue reading Backstage on Wall Street