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Incoherent tripe. Too much coffee perhaps?

The child has the right to inherit what their parents left them (assuming their parents got what they had legally). The child should be able to expect that the state will uphold that right. The fact that one child inherits more than another is no concern of the state. That said, any person...

You take the meaning of "earn" too literally. I mean it is capital which they got legally. That could be by salary, inheritance, investment, gambling or any other legally endorsed means.

Having a systematic risk management approach is indeed a great edge. Not sharing it is not.

If you're thinking we need to raise more tax revenue to allow higher spending on improved public services, I would be with you. But I suspect what you really want to see is redistribution of capital from those who have earned it to those who haven't.

In the UK, 3 of the 4 public holidays that must fall on a specific weekday, are always Mondays.

No, you have either misunderstood or are being argumentative. Either way, ASSUMING you actually have a long-run profitable system, it is vital to FEEL nothing when your losers come through, but equally important to analyse what happened. If you do have a long-run profitable system, which has...

Gosh. So........?

If you followed your system (which you already know is long run profitable), its hard but its vital to not feel disappointed. After all, when you built the system and wrote its rules, you built in the absolute mathematical certainty of some losing trades. But these don't mean you were wrong or...

4 days off in the UK. Not trying to rub it in, I'm just saying so you know......

Seems like Munger had an astute way of looking at business.

This is outrageous, when we all know Canada is a British colony............

Things like the 1987 crash can be over-dramatised and can acquire an unjustifiably great influence on financial management. I wasn't trading or investing at that time, so - What actually was the effect of this crash on private retail traders / investors?

I wonder if the forthcoming ESMA restrictions in the UK might drive some reputable firms out of the CFD market, leading to an unfulfilled demand from new traders, and so encouraging unscrupulous off-shore firms to chance their arm like this one. That would be ironic for ESMA and the FCA.....

Its very hard to see defence expenditure as the reason for poor public services in the UK when it amounts to about 2% of our GDP or about 6% of central government expenditure. Trident may / may not be the most appropriate weapons system but it seems very possible that it was military (including...

Good summary lawrence. Trading isn't like conventional occupations / professions etc. All our educational systems and conventional employment positions teach us that to do a better job and get a better reward we have to work hard, work long hours, be taught by someone more experienced, know more...

China seems another example of an arc progressing from feudalism towards capitalist social democracy. Unfortunately they had to go through communism with a communist party dictatorship along the way, and millions paid the ultimate price for that mistake.

Well, all the countries you list by name sound to me like they are / were shit-holes. I am lucky enough to live in a social democracy / constitutional monarchy, so am pretty much free to say this.

No, I like ET.

Well, on the one hand I'm being told that countries that describe themselves as socialist in their titles, constitutions and in general communications aren't really and countries which were pointed out to me that I thought were socialist were actually communist, but now you say they weren't...