With financial meltdown seemingly averted, eyes are now turning to the ‘real’ economy. What exactly is the ‘real’ economy? It is important to distinguish fundamental investment from the manic-depressive behavior of ‘Mr. Market’. And then it is important to distinguish truly productive investment from investment which is merely profitable. Gambling is an example of an ‘industry’ which is extremely profitable but entirely counter-productive.
Once After a hard day’s forage Two bears sat together in silence On a beautiful vista Watching the sun go down And feeling deeply grateful For life.
Though after a while A thought-provoking conversation began Which turned to the topic of Fame.
Then one bear said, “Did you hear about Rustam? He has become famous And travels from city to city In a golden cage;
He performs to hundreds of people Who laugh and applaud His carnival Stunts.”