“The recent moves by central banks over the world to spend and add trillions of dollars to their balance sheet leads one to revisit the great coup when an investment firm speculated that the British pound was too high, took a short position against the pound, and was so powerful and correct that the central bank succumbed and devalued thereby leading to a 10 figure profit for the investment firm. I knew and spent considerable time in both business and personal activities with the head of that investment firm before he severed his connection with me, and thought that it might be apt to reconsider what I should have learned from him so that I and others might learn from his wisdom for the future.” (03/14/10)