My good friend James Montier does not write as much as I would like since he has gone to GMO, but he is always worth reading. (I will see him again in early May in Chicago.) This is on corporate profits, called "What Goes Up Must Come Down!" I read this after being with Anatole Kaletski at an event at Swedbank here in Stockholm, waiting for the sleeping pills to kick in ... and decided to share it with you. Been a great day, and the weather tomorrow looks to be perfect for being a tourist. I may get a few more posts in before I start writing this week's letter.