History provides neither compensation for suffering nor penalties for wrong. – John Acton
If the past has been an obstacle and a burden, knowledge of the past is the safest and the surest emancipation. – John Acton

History provides neither compensation for suffering nor penalties for wrong. – John Acton
If the past has been an obstacle and a burden, knowledge of the past is the safest and the surest emancipation. – John Acton
Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. – James Buchan