Michael Leunig

Of all the seasons, winter is the most conducive to the great art of dormancy. This art requires an appreciation of semi-consciousness: the beautiful and necessary prelude to sleep - a special pleasure in itself that is all too often neglected, under-valued or looked down upon.

People have this idea that the more pious and devout I am, the more successful I am. Which is very dangerous. If you look at faith in that way, you're bound to fail at both - spiritually and in your career.

Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.