Democracy

Most People say that Democracy is the concept of "One Man = one vote". But, actually, Democracy is not only that. Democracy is "One Man = one vote" + "Segregation of Powers" + "Rule of Law". And I would also add to it "Free Speech" and "Free Press". 

Kipling

“If you can bear to hear the truth you’ve spoken / Twisted by knaves to make a trap for fools / Or watch the things you gave your life to, broken, / And stoop and build’em up with worn-out tools” - If. Rudyard Kipling a enviar um abraço através do tempo a Vladimir Zelenskiyy.

Chouinard

“There’ no difference between a pessimist who says “It’s all over, don’t bother trying to so anything”, and an optimist who says “Relax, everything is going to turn out fine”. Either way, the results are the same. Nothing gets done.” - Yvon Chouinard

Betas

A correlação entre ganhos de ações de quaisquer duas empresas de paises desenvolvidos passou de 0.37 (1970) para 0.75 (2021) e o mesmo aconteceu em mercados em desenvolvimento. Ou seja, a diversificação de portfólio de investimento, para equilibrar risco, tornou-se mais difícil.