A commonplace book: an old-fashioned literary diary for recording interesting items from reading you've done. I use mine to record snippets from reading, conversation and life in general. (The early 2003 entries are from a period some years ago -- before the blog age -- when I tried an online commonplace book as a straight web page.)
Uncertainty about the future—not irrationality or stupidity—makes crowds prone to calamity in both finance and politics, particularly under conditions of significant anxiety. Markets are no more self-correcting than a mob hailing a demagogue.
Zachary D.Carter in The Price of Peace
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