Dv

[Karin Richards @Richards_Karin]

JSE All-Share falls 2.1% or 1132 points. It is now back to April 2015 levels - more than 4 years ago.

[Dv @DvMoodley]

@Richards_Karin Completely understand! Always good to hear your perspective though.

[Dv @DvMoodley]

Hi @Richards_Karin, long time! Hope all is well. What's your technical view on the S&P500?

[Thomas Sowell Quotes @ThomasSowell]

Those who want the government to provide subsidies to help meet the high cost of college seem not to consider whether government subsidies might have contributed to the high cost of college in the first place.

https://t.co/WVDZzO7G1n

[Karin Richards @Richards_Karin]

What could possibly go wrong?

[Thomas Sowell Quotes @ThomasSowell]

One of the bittersweet things about growing old is realizing how mistaken you were when you were young. As a young political leftist, I saw the left as the voice of the common man. Nothing could be further from the truth.

[Iraj Abedian @IrajAbedian]

Technically, Quantitative Easing in SA, much like in US& EU, will make the rich, richer & the poor, poorer.Except SA already has the status of most unequal income nation.What on earth this nonsense is about?This would be the betrayal of the poor&working class- if it ever happens!

[The New York Times @nytimes]

Venezuela’s fall is the largest economic collapse outside of war in decades, economists said. The country was once Latin America’s wealthiest. https://t.co/qYCO3JwhwV

[Value Investor Journal ® @VJ_Rabindranath]

Being a contrarian is the most misunderstood idea in investing. A true contrarian is not the one who takes the opposite side of the popular view. The true contrarian waits for things to cool down and buys when no one cares about and especially when the rest yawn.

-- Peter Lynch

[Russell Lamberti @RussLamberti]

Final Lesson: The animating socialist pathology is envy. https://t.co/fDNBibip1G

Note the disdain for benefit in this quote. For the envious, benefit is *self-evidently* a problem. How much benefit is too much? THEY will be the judge!

[Russell Lamberti @RussLamberti]

Lesson 6: The state-academia complex is pushing very hard for more socialism globally. They have to cite non-threats like "inequality" and "climate change" to create a moral crusade before they steal people's stuff. At least petty thieves don't pretend to be virtuous.

[Russell Lamberti @RussLamberti]

...incentives, signalling, & allocation mechanisms of property rights, prices, & financial intermediation services. A confiscation of wealth by the state undermines the trust & integrity of this system, greatly reducing the incentives to create a stream of value.

[Russell Lamberti @RussLamberti]

Lesson 5: The economics mainstream doesn't understand wealth, it's social function, & it's vulnerability to market disruption & state predation, & how it is acquired. Wealth is not a static hoard but the ability to produce a stream of value in voluntary exchange, under the...

[Russell Lamberti @RussLamberti]

Lesson 4: Oxfam's weak and discredited data is also now another meme in the socialist propaganda war, despite it being wrong and useless research.

https://t.co/NCVyV7rsU8

[Russell Lamberti @RussLamberti]

Lesson 3: Piketty's flawed data & refuted unoriginal work don't matter anymore. What matters is its propaganda value - the Piketty meme.

https://t.co/gESgCLvilw

https://t.co/CB3VBDpD3f

Thomas Piketty’s exhaustive inequality data turn out to be flawed
https://t.co/nRdOWzvNbf

[Russell Lamberti @RussLamberti]

We have more lessons here.

Lesson 1: Davis tax commission, tasked with reviewing the tax system, has been a cesspit of socialism from inception.

Lesson 2: University econ is all but irredeemably broken statist indoctrination. Slow clap for the march through the institutions.

[Russell Lamberti @RussLamberti]

The false premises, the non sequiturs, the citations of resoundingly refuted work, the casual recommendation of more state dirigism. The sheer sorry state of economics in academia.

Why South Africa should seriously consider taxing its wealthy citizens

https://t.co/3JN6suNpyA

[Dv @DvMoodley]

@RussLamberti Author was a university lecturer and course convener... and that's students are indoctrinated.

[Dv @DvMoodley]

@JHBWater any idea when Sandown will get water again?...

[Muthukrishnan Dhandapani @dmuthuk]

The biggest asset one can have is zero debt.