I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons. ↗
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before. ↗
And one of the things we did here was we put the maximum amount of money up front in those cities that were at the greater risk, but that doesn't mean that we keep rebuilding the same security over and over again. ↗
As I said, I had no publisher for What a Carve Up! while I was writing it, so all we had to live off was my wife's money and little bits I was picking up for journalism. ↗
Of course, to have money is just great because you can do what you think is important to you. I always was a rich person because money's not related to happiness. ↗
Nobody leaves a hotel without getting a full measure of three months of rental assistance. So no one has been evicted - no one who's eligible has been evicted from a hotel without getting a significant amount of money to find - to pay for their rent. ↗
The second thing we did was said, OK, we've now identified the risk, but what do you want to do with the money? Because it's not enough to have risk; you've got to have a meaningful use for the money we give you. ↗
