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Julius Caesar was kind of a deadbeat. The guy was in debt up to his eyeballs, and had borrowed so much money to finance his rise to power that he threatened to skip town forever if he lost an election. Back in Caesar’s day, interest rates in Rome were about
As a kid I remember hearing it all the time. It was an idea that was drilled into my head over and over again. It was in movies and legal dramas. You could see it in the newspapers. We learned about it in textbooks. “In America,” people would say, “you
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] In a crisis, it helps to have good counsel. Consider the following sage advice from investment strategist Mike Tyson: “Everyone has a plan ‘til they get punched in the mouth.” Or as German military strategist Helmuth von
Eight centuries ago as Marco Polo traveled across the vast dominion of the Mongolian Empire, he encountered what few westerners had ever seen. One of those astonishing experiences was how the Mongols happily and willingly used paper currency. Marco Polo was so intrigued by this that he devoted an entire
I had a bit of a housewarming party a few days ago with a pretty diverse group of friends, many of whom had moved here to Chile from foreign countries. One girl that I know is a tattoo artist from New York. Now, back in the United States, she has
If you’re not watching it purely for the entertainment value, sitting through a State of the Union speech ranks somewhere between a colonoscopy and a root canal. Every year I opt for the former (entertainment value, not colonoscopy). But because I live overseas, one of the added entertainment benefits is
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