Things we're reading today - 31st October 2022

“The belief that interest rates would remain at permanently low levels could prove the most costly error of all.”

“In some fields our knowledge and discoveries are seamlessly passed down across generations. In others, it’s fleeting. Knowledge in some fields is cumulative. In other fields it’s cyclical (at best).”

“The Federal Reserve is raising interest rates in an attempt to combat high inflation—and has been for more than six months now. And yet, inflation remains high—so where are these rate hikes turning up?”

“Sometimes, investors think they know exactly what’s coming around the corner. That sort of certainty is often dangerous.”

“Markets are always and forever cyclical. The problem is it’s basically impossible to predict the timing and reasoning for old cycles ending and new ones beginning.”

Wonderful reads thank you