"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Thursday, August 22, 2013

Irrational market

"The market is irrational" is Economist for "I don't have a fricking idea of what is causing such and such behavior on this market".

"The market is irrational" can be translated into Noneconomist as "I am either stupid enough or lack enough training as to understand what the heck is going on with this damned market, but I'm also a little too arrogant as to acknowledge it."

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