Friendly advice

Last week I turned for advice to my wisest friend, the guy in Geneva who lends VCs money at exhorbitant rates and who is usually two years ahead of the pack. Where is money safe amid the global tumult? He replied:

I am a busy making sure all the hatches are battened down
properly. My only thought at the moment is that innovation continues irrespective of
the macro-climate (maybe that is me whistling just to keep my spirits up….) Will report in when I have something half useful to say.

He’s made this point before by phone; when capital and commodities become unmoored, human capital is one of the only stable and reliably tradable goods left.