decline, a short position is just a bet on which one declines faster,
i have mild feelings but not big conviction. 80% of Coke is going to
be non-dollar, we have some non-dollar bets but we will not make big
bet against dollar. a dollar in 1930 is worth 6 cents today, but we
still have done well, i hate inflation but we have done well with it,
we have not had run away inflation but we need to guard against
cm - i think one way the world muddles through - take a god awful
culture like Greece, they make money on tourism and they close it
during tourist season they dont pay taxes but they are still around
wb - they have been around for a while
cm - adam smith said great coutnries have plenty of great ruin
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