Sunday, February 9, 2020

ZERO SUM GAME*


Stifel is a fair sized financial services company whose headquarters is across the street from my office building. The statue, obviously, represents the bull and bear, the endless combat of the markets. Note that neither is winning. Sometimes the overall size of the market grows and sometimes it shrinks. Maybe that's why economics is sometimes called the dismal science. The passer-by may have something to say about that.  

   * This post approved by Adam Smith.

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