1) The West fails to understand Russian president Vladimir Putin.
He regards himself as the heir to the Byzantine throne.
2) Patriarch Kirill of the Russian Orthodox Church said that Putin’s rule was a “miracle from God.”
3) There are about three hundred million Orthodox Christians around the world.
Russia, which accounts for a third of those followers, has long been the largest and most powerful group within the faith’s fourteen jurisdictions.
4) The Grand Duchy of Moscow, the predecessor state of the Tsardom of Russia, claimed the title “The Third Rome” as successor to the Byzantine Empire and the political and religious position of Constantinople and Rome.
5) This historical reality is deeply embedded in the Russian nationalist psyche.
Russia’s strategic completion with Western powers should be seen in this light.
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This month, by pushing through confusion and complexity, we emerge with a clear mind and a far more complete and comprehensive understanding about the nature of latest market moves.
First, we show how a market can, and typically does, cease being a bull market long before the index starts to fall.
If we overcome our culture of complaint and get in touch with gratitude, it will change the way we see everything.
Happy Thanksgiving! Read on🧵
1) One finds cultures founded on guilt (typically in the Judeo-Christian world), cultures founded on submission (Islam), and cultures founded on shame (typicallyin Asia).
2) There exists another culture, one without borders that encompasses all.
Taking people’s stoicism captive, it seeps through everyday life and breeds disdain.
1) Of all the early warning signs that can help prevent investment disasters, one stands out.
COMFORT.
2) It’s our natural tendency to seek comfort; but in investing, when we tend to get comfortable in our views, feel our portfolio is safe, experience tells us something bad is about to happen.
3) Our comfort zone is a state of mental security where our uncertainty and sense of vulnerability are minimized.