"The act of creation is an act of faith."
Once in a while the phenomena we exploit are particularly present. We like a reasonable amount of volatility. In our business we want some action. “Tumult is usually good for us. We don’t have credit lines of any significance. We don’t do a lot of leveraged-type financing.
States are inherently aggressive and expansionist because they exist in an anarchic international system where there is no higher authority to keep them in check.