It doesn't take a rocket scientist to figure out that the law of large numbers can easily pre-ordain the outcome.

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Interestingly, corporate managers have no trouble understanding that point when they are focusing on a business they operate: A parent company that owns a subsidiary with superb long-term economics is not likely to sell that entity regardless of price."Why," the CEO would ask,"should I part with my crown jewel?" Yet that same CEO, when it comes to running his personal investment portfolio, will offhandedly - and even impetuously - move from business to business when presented with no more than superficial arguments by his broker for doing so. The worst of these is perhaps,"You can't go broke taking a profit." Can you imagine a CEO using this line to urge his board to sell a star subsidiary? In our view, what makes sense in business also makes sense in stocks: An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

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Edmond preserved the most admirable self-command, not suffering the faintest indication of a smile to escape him at the enumeration of all the benefits he would have reaped had he been able to quit the island

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British Cycling chipped in with the observation that the Manchester velodrome is fully booked and is having to turn youngsters away.

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Figures and tie to the one dog on earth he doesn't know how to beg.

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Figures and tie to the one dog on earth

你能想象和世界上唯一一條不會(huì)要東西的狗拴在一起什么感覺么？

Gt; 00:40:29,670 Figures and tie to the one dog on earth, he doesnt know how to beg.

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You would expect less decoupling as a result of globalisation.

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It creates an unhealthy excitement, fevers the imagination, unfits the mind for usefulness, weans the soul from prayer, and disqualifies it for any spiritual exercise.

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