Adam SmithPosted: July 26, 2013
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Got that from Peter Thiel. Wikipedia reports about Adam Smith:
Smith was described by several of his contemporaries and biographers as comically absent-minded, with peculiar habits of speech and gait, and a smile of “inexpressible benignity”. He was known to talk to himself, a habit that began during his childhood when he would smile in rapt conversation with invisible companions… According to one story, Smith took Charles Townshend on a tour of a tanning factory, and while discussing free trade, Smith walked into a huge tanning pit from which he needed help to escape. He is also said to have put bread and butter into a teapot, drunk the concoction, and declared it to be the worst cup of tea he ever had.
Adam Smith got a job tutoring the young Duke of Buccleuch, and with him they traveled all over Europe and met Ben Franklin.
This Duke of Buccleuch spawned a whole line of British aristocrats: one of his descendants was this handsome devil, Prince William of Gloucester:
Apparently it’s after this Prince William that the current Prince William, husband to Kate Middleton, is named.
On page 3 of The Great Gatsby, Nick tells us:
The Carraways are something of a clan, and we have a tradition that we’re descended from the Dukes of Buccleuch, but the actual founder of my line was my grandfather’s brother, who came here in fifty-one, sent a substitute to the Civil War, and started the wholesale hardware business that my father carries on to-day.