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February 15, 2016

The smart money always wins.

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It's not easy to find out what the smart money knows, but smart money does not panic.
The smart money understands human nature and risk. The path of righteousness requires smart money to defend its interests, not wishful thinking, not magic realism. Smart money understands the longevity of the Record of the Year, of the legislative agenda of a new class of Congressional Reps, of the charge and counter-charge of candidate debates. The smart money understands the value of real estate when the market is focused on collateralized debt obligations. The smart money understands how to find evidence of colliding black holes at the edge of the known universe. The smart money understands the extent to which all fictions can be believed, and the difference between conviction and commitment. On Regulatory Capture - Cobb

Posted by gerardvanderleun at February 15, 2016 6:33 PM. This is an entry on the sideblog of American Digest: Check it out.

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