Many Southern Plantation owners

Many Southern Plantation owners were working towards the day when they could convert their investment to more profitable industrial production as had been done in the North, and others felt that freemen who were paid wages would be more efficient than slaves who had no incentive to work. For the present, however, they were stuck … Read more

The Pacific coral reef,

The Pacific coral reef, as a kind of oasis in a desert, can stand as an object lesson for man who must now learn that mutualism between autotrophic and heterotrophic components, and between producers and consumers in the societal realm, coupled with efficient recycling of materials and use of energy, are the keys to maintaining … Read more

Markets are efficient, but

Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That’s what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product. Eugene Fama

The Internet is an

The Internet is an incredible business tool. First of all, the Internet/the cell phone – the cell phone is just another way to get at it – I think is having a huge impact in Africa most particularly, where it enables people – suddenly, they know crop prices. They can communicate. It makes their lives … Read more