The flows into risk-free assets by central banks and private investors has plunged returns on these assets into negative territory, and pushed investors out along the risk curve into assets that are close substitutes to risk-free assets (such as investment grade U.S. corporate bonds).

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We've learned that great entrepreneurs, even when capital is free, are found only at the far right end of the bell curve.

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The non-HD incarnation of Galaxy on Fire ended up becoming free to play, and its high-definition cousin will no doubt follow the same decay curve.

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For example, in an ingenious argument, he shows that the chief effect of an inverted yield curve is to shift leadership from growth companies to value firms that benefit from the free availability of bank loans.

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