Lester Golden
Sep 30, 2023

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I expect my class of '85 Yalie brother heard of this Parkerism, but did not taste its fruits.

Why the JMK-Hayek debate is over: JMK was the Warren Buffett of his generation as manager of the Oxbridge endowment Chest Fund: 12% compounded annual returns during the most difficult decades of the 20th century--from 1921-46. Hayek forecast a depression in the late '40s. Who would you bet your money on?

Best summaries of the argument are the Keynes vs Hayek rap videos: https://www.youtube.com/results?search_query=keynes+vs+hayek+rap

The first non-family investor in Amazon, Nick Hanauer, is one of the few plutocrats who gets how the system tends to saw off the tree branch upon which it sits: https://pitchforkeconomics.com/

How you don't see people like him and Jeremy Grantham's climate fund (https://www.youtube.com/watch?v=M8TfW33cRRU) as allies is beyond my ability to understand.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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