The young will always be surprised that the old were once young. The old, too, are surprised by this, but then their memory isn’t what it was.

* * *

And they came to him and said, Master, six months ago, on the advice of our cousin, we went deep into a portfolio of diverse, predominantly investment-grade corporate obligations, backed by a most grievous credit default swap. What shall we do?

And he said unto them: lo, verily it is written that they that sow the wind shall reap the whirlwind. For would you eat of an hot dog that was described as “predominantly food-grade meat”? No, wait, bad example.

* * *

Trust not in the maker of pithy maxims. I bet you don’t even know what pith is.


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