Most Read this week:
Legendary trader Paul Tudor Jones: Prepare to Make Money When the US Stock Bubble Pops
Hedge fund billionaire Paul Tudor Jones is well known for tripling his money on Black Monday in 1987.
Mr. Tudor is now warning of an even more dangerous bubble than October 1987, and he views a decline as a move just as profitable as an advance. Video
by Mauldin Economics
Why believe in something for which there is no evidence? The answer lies in decision theory.
If you believe in God and you’re right, you go to heaven. Let’s call this “infinite gain.”
If you believe in God and you’re wrong, the only thing you lose is whatever time you spent in church and/or money you donated. It’s a finite loss.
If you don’t believe in God and you’re right, there is no God, you get to be smug. That is a finite gain.
If you don’t believe in God and you’re wrong, you go to hell. Let’s call this infinite loss.
Here it is in table format:
The Calm Before The Enormous Storm
2008 For Bonds
