Best headline of the week

“Bureaucrats in Brussels make the government in the U.S. look like an organization of geniuses”

This is Mish on a tear. He runs a video of the wit who coined this headline, Marc Faber. Faber is right, by the way. A few years ago on a tour in Switzerland of companies investing in and universities studying nanotechnology, IFO met a low level bureaucrat from Brussels. Total idiot. Nice person, but clueless. Wrapped up in tiny details of regulation of the European Union. Not a genius.

Here is Marc Faber, in his usual bad mood, on the topic in a Bloomberg broadcast: Marc Faber



About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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