Because of August he wears shorts and sandals, the Japanese geta sort called thongs.

Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return.

At this I was rendered completely flabaghast—for, although the allegation was undeniably correct, I had confidently hoped that my friend Ram was unaware of the fact, or would at least have the ordinary mother-wit to refrain from blurting it out!

quadrantal space; quadrantal triangle; quadrantal versor