It's the little things in life, I tell you. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
per day, that is... A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
I am not leveraged - I don't really care if my (meagre) assets get wiped out because of inflation or a market slump. My only real liability is a monthly rent that I can cancel on 2 months' notice, no questions asked, and move to where I can pay a cheaper rent.
If I had long-term, illiquid assets and liabilities of 5x my annual income (say, a house+mortgage), then I would be more circumspect. A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
