Forty years ago, just prior to a performance at Amsterdam's renowned orchestral venue, the Concertgebouw, a group of radical young musicians began making noises with their nutcrackers and bicycle horns.
Their “nutcracker action” denounced the orchestra as a status symbol of the ruling elite, claiming that it was guilty of “maintaining an undemocratic artistic environment”.
Persuaded by the immediate dangers of deflation, I feel much the same antagonism towards most investment matters today, especially the Asian business model and the investment community's bullishness regarding China.
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