Non-Peeing Section of Swimming Pool

Quote du jour, this one coming from someone with whom I was talking about two markets that investors typically treat as being discrete, but that are actually highly linked with permeable capital barriers:

“Treating those two markets as discrete is like having a peeing and a non-peeing section in your swimming pool.”


  1. I was on a Turkish airline once where the left 2 rows of a 2-5-2 config plane were non-smoking! I changed my return airline…