How to Define a Statesman

QUESTION: You have said that all we have are politicians, not statesmen. What is your definition of a statesman?

GD

ANSWER: A statesman is one who admits when he has made a mistake and has the wisdom to correct it before it does any more harm. This is the same quality required to be a successful hedge fund manager. If you cannot quickly realize when you are wrong and get out of a bad trade, you will lose your shirt, pants, wife, kids, and the dog.

Latest Posts

Market Talk – November 28, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 39.28 points or -0.12% to 33,408.39 Shanghai increased 6.85 points or 0.23% to 3,038.55 Hang [...]
Read more

Ukraine Cannot Win

https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Orban-on-Ukraine.mp4   When I said that Ukraine had lost 100,000 soldiers DEAD, I got a rash of emails claiming I was spreading Russian Propaganda. Then the head of the EU [...]
Read more