Having Spent 10 Years Studying Emerging Markets,

Edward Conard Provides A Provocative Interpretation Of The Causes Of The Global Financial Crisis And The Policies Needed To Return To Rapid Growth. Whether You Agree Or Not, This Analysis Is Well Worth Reading.

I Believe In Market Economics. But To Paraphrase Churchill - Who Said This About Democracy And Political Regimes - A Market Economy Might Be The Worst Economic Regime Available, Apart From The Alternatives. I Believe That People React To Incentives, That Incentives Matter, And That Prices Reflect The Way Things Should Be Allocated. But I Also Believe That Market Economies Sometimes Have Market Failures, And When These Occur, There's A Role For Prudential - Not Excessive - Regulation Of The Financial System.

Technology Is Spurring Innovation, And The So-called "demographic Dividend" Has Brought Change.

The Gains From Technology Must Be Channeled To A Broader Base Of The Population Than Has Benefited So Far.

I Believe Investors Should Invest For The Long Run, So I Don't Buy And Sell. I Usually Maintain The Classic Index Of Global Equities, Diversified U.s. And Global And Emerging Markets, And When The Risk Is Larger, I Diminish The Amount In Global Equities And Put More Into Liquid Assets - But Very Irregularly.