Geopolitics for Investors Quotes

“It was not that many years ago that hedge funds deployed spotters near the White House to observe late-night pizza deliveries. The more pizzas and the later the delivery hour, the bigger the problem.”
― Pippa Malmgren, Geopolitics for Investors

“An ecumene is a core geographical area, one with special significance. Cohen (2009, p. 35) uses the term to refer to areas with the greatest population density and the greatest density of wealth creation: “The most advanced portion of the state economically, it is usually its most important political area.”
― Pippa Malmgren, Geopolitics for Investors

“Meanwhile, central banks have had to engage in QE precisely because governments are so deeply in debt that they are often incapable of sustaining military action or expenditures. In other words, QE reflects the fact that sovereign risk is so high that nations must engage in unconventional monetary policies to address the severity of the problem.”
― Pippa Malmgren, Geopolitics for Investors

“If a pure cash flow metric is applied to sovereigns, it is not hard to make the case that some small African nations are more likely than many of the industrialised nations to pay back their debt in full and on time. Yet the risk models the markets rely on continue to assume that the United States and the G–7 are the least risky sovereigns—in spite of the unusual measures that have been taken to prop them up in light of their financial imbalances.”
― Pippa Malmgren, Geopolitics for Investors

“Some even argue that US and G–7 government bonds, which used to represent the so-called risk-free rate of return, may now represent the “return-free rate of risk.”
― Pippa Malmgren, Geopolitics for Investors

“Luckily, however, investors and fund managers are smart people who understand what Richard Feynman, the renowned Nobel Prize–winning physicist, had to say about risk: “The first principle is that you must not fool yourself—and you are the easiest person to fool.”
― Pippa Malmgren, Geopolitics for Investors

“It is assumed that nations do not confiscate assets when, in fact, we see many examples of confiscations, from the Cypriot bank bailout in 2013 to the contests over territory in the South China Sea that involve “confiscations” of physical assets.”
― Pippa Malmgren, Geopolitics for Investors

“How much of my risk management (strategy, structures, institutions) assumes that politics and geopolitics will be stable?”
― Pippa Malmgren, Geopolitics for Investors

“Today’s technology enables scientists to craft biological, DNA-based viruses that affect only one individual, thus forcing security and intelligence services around the world to both protect the DNA of their own leaders and gather the DNA and other markers of other countries’ leaders.3”
― Pippa Malmgren, Geopolitics for Investors

“The first principle is that you must not fool yourself—and you are the easiest person to fool.”
― Pippa Malmgren, Geopolitics for Investors