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Actually, it's worse than this: the Fed bailed out Bear Stearns because it was possible at worst that the entire financial system could unravel and at best that virtually all of our credit systems would have "frozen". The problem is that, as we painfully discovered over the next year, that...

I'm not trying to prove God exists and I never have.

A link on some of the basic problems facing Africa: http://64.233.167.104/search?q=cache:J7K-YXf8SzoJ:www.commissionforafrica.org/english/consultation/consultation-pdfs/folaadeola-pdfs/prof_owasanoye.pdf+jumpstarting+development+in+Africa&hl=en&ct=clnk&cd=8&gl=us Again, they're...

Thx for the nice eulogy. Question for you: any idea what Mark Mobius is like? I've always admired him but don't really know that much about him. Were he and Templeton pretty close?

Bad logic. It only proves that some prayers don't work. You and I both know that all the cancer wards on planet earth do not prove all prayers don't work. How could you even prove all prayers don't work? You can't and I think you know that...

I didn't mean "rest in peace" literally. You're picking a fight. My point is simply that Templeton was a valuable, contributing member of society and a stock picking genius. He has done more for society and the world than probably the vast majority of people on this board and is a great...

You've got me curious: why do you search after such specifics?

I remember one time that I and a few other people prayed for a boy (about seven) with a severe wheat allergy. He was healed that very night and ate pizza. Now you can no more prove that that was a non-miracle than I can prove it a miracle. Some things will probably never be proven or...

Great article. I would love to know more about the details of our subsidization. If you find any other good links, please let us know...

I posted this on another thread but this link is interesting: it has none other than George Mitchell arguing for open trade in order to benefit the poor: http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article4289389.ece I hope some day people will realize that in...

You know this reminds me of debates over global warming. Everyone agrees that there is increased CO2 in the atmostphere. But when you look at historical global temperatures, there has been no warming trend whatsoever. And that's when someone who believes in global warming will say, "Well...

And besides the fact that poor people can't afford staples: it has caused riots. Many leaders are very worried about this...

Name a few out of curiosity...

One thing that's interesting to me is that some of the ultrawealthy are so salt-of-the-earth and even anti-luxury: Walton, Templeton, Buffett and so on. And I think there's a lesson to be learned there: they loved managing their assets and not spending their a$$e$...

It's int'g cuzz BW had an article In Praise of Speculation: http://www.businessweek.com/lifestyle/content/jul2008/bw2008077_402476.htm?chan=top+news_top+news+index_top+story

Southamerica said he had an incredible intellect and yet was very down-to-earth and modest.

Btw, going back to one of your previous posts, look at the earnings growth that we have in IT and industrials: http://seekingalpha.com/article/83974-second-quarter-earnings-expectations Again, I'm just pointing out that a lot of our high tech is doing quite well in the middle of a...

Theoretically, you are right about this. What you're worried about is that nothing but a bunch of headquarters with few workers will remain in the US. But I'm saying that that is simply not being born out. There is simply no decent evidence for this. In fact, let me give you another line...

That's their job. That's what they get paid to do: destroy our lives for generations to come.

I agree with what you said. I was just saying that I hope countries will begin to slowly lower tax rates with time and competitive pressure.