Friday, June 5, 2026

That’s what makes a market [Members]

That’s what makes a market [Members]


TThe yr was 2010 or early 2011. A pub in Clapham. I had a debate with the girlfriend of an investment banker friend. She despised my hobby of collecting stocks even greater than he did.

He had just told me that every one his money was in gold coins. Given that he later earned a seven-figure annual salary, this calculation was probably rational, although I believed he was crazy.

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