The Wall Of Worry, US-China and Alchemy

 “Never wrestle with a pig because if you do you'll both get dirty but the pig will enjoy it.”

- Charlie Munger

“I’m not afraid of storms, for I’m learning how to sail my ship.”

- Louisa May Alcott, Little Women

“A true friend is one who likes you despite your achievements.”

- Arnold Bennett

A. Climbing The Wall Of Worry

Since the FOMC announcement last week…