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Issue 81 – Crypto crime is legal Trump continues to dismantle crypto enforcement while expanding his personal crypto empire
8th Apr 2025
48

Issue 81 – Crypto crime is legal

from Citation Needed [alt+shift+b] in finance

8th Apr 2025
Trump continues to dismantle crypto enforcement while expanding his personal crypto empire
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Power and Impunity Those acting with impunity are confident that their powers or god-like because they appear so in the...
2nd Feb 2026
1

Power and Impunity

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

2nd Feb 2026
Those acting with impunity are confident that their powers or god-like because they appear so in the human realm. But there are limits to everything in the human realm. One of the first things we learned about the Internet is that anything sent via email could readily become...
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Dec ’23 – 2023 in review It’s the start of a calendar year. Let’s take a look at what 2023 did to me financially. I’m...
2nd Jan 2024
128

Dec ’23 – 2023 in review

from FIRE v London [alt+shift+b] in finance

2nd Jan 2024
It’s the start of a calendar year. Let’s take a look at what 2023 did to me financially. I’m following the same structure I’ve used for the last few years (2022, 2021, and 2020). Overall, 2023 was a good year on almost all measures – thanks in particular to Q4 which saw the US...
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Country Risk: My 2024 Data Update After the 2008 market crisis, I resolved that I would be far more organized in my assessments and...
24th Jul 2024
27

Country Risk: My 2024 Data Update

from Musings on Markets [alt+shift+b] in finance

24th Jul 2024
After the 2008 market crisis, I resolved that I would be far more organized in my assessments and updating of equity risk premiums, in the United States and abroad, as I looked at the damage that can be inflicted on intrinsic value by significant shifts in risk premiums, i.e., my...
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A Few Books and Resources I’ve Found Useful Over the Years If someone had told me three and a half years ago that there would be something called ChatGPT that...
31st Dec 2025
1

A Few Books and Resources I’ve Found Useful Over the Years

from Seeking Wisdom [alt+shift+b] in finance

31st Dec 2025
If someone had told me three and a half years ago that there would be something called ChatGPT that could answer questions across almost any discipline, I would have called them a lunatic. And yet, here we are. That’s exactly what ChatGPT does today. I can ask it coding...
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AI Scenarios: From Doomsday Destruction to Do-Nothing Bots! When Chat GPT made its debut on November 30, 2022, it unleashed the hype of AI, and in the three...
4th Mar 2026
1

AI Scenarios: From Doomsday Destruction to Do-Nothing Bots!

from Musings on Markets [alt+shift+b] in finance

4th Mar 2026
When Chat GPT made its debut on November 30, 2022, it unleashed the hype of AI, and in the three years since, AI has taken on an outsized role not just in markets, but also in our lives. For much of the time, the AI story has been told by its advocates and its salespeople, and...
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Fraud Investigation is Believing Your Lying Eyes The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are...
6th Feb 2026
1

Fraud Investigation is Believing Your Lying Eyes

from Bits about Money [alt+shift+b] in finance

6th Feb 2026
The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are some observations for investigators with badges, press cards, or GoPros.
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Demystifying financial leverage Leverage is actually reasonably easy to understand, both in the math and in the implications for...
11th Nov 2022
38

Demystifying financial leverage

from Bits about Money [alt+shift+b] in finance

11th Nov 2022
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
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The Best Age to Start Taking Social Security: It's Not What You Think When you reach full retirement age (FRA), you can start taking Social Security benefits. But you may...
18th Sep 2023
42

The Best Age to Start Taking Social Security: It's Not What You Think

from Mazdak [alt+shift+b] in finance

18th Sep 2023
When you reach full retirement age (FRA), you can start taking Social Security benefits. But you may want to consider taking them sooner, even if it means a smaller monthly check. Here's why: Your benefits will grow by 8% per year for each year you delay taking them, up to age...
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Warren Buffett’s Final Brushstrokes Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final...
5th May 2025
1

Warren Buffett’s Final Brushstrokes

from The Rational Walk [alt+shift+b] in finance

5th May 2025
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman.
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Markets in power How physics and infrastructure combine to generate (ba dum bum) the power market.
30th Sep 2022
43

Markets in power

from Bits about Money [alt+shift+b] in finance

30th Sep 2022
How physics and infrastructure combine to generate (ba dum bum) the power market.
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Apple’s 2025 Product Unveiling: What’s New and What Actually Matters Apple’s latest keynote delivered a sweeping set of updates across AirPods, iPhones, and the Apple...
9th Sep 2025
59

Apple’s 2025 Product Unveiling: What’s New and What Actually Matters

from Mazdak [alt+shift+b] in finance

9th Sep 2025
Apple’s latest keynote delivered a sweeping set of updates across AirPods, iPhones, and the Apple Watch lineup.
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The Power of Our Behavior Why is any reduction in consumption posed in terms of unbearable sacrifice, when no sacrifices are...
23rd Jan 2025
32

The Power of Our Behavior

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

23rd Jan 2025
Why is any reduction in consumption posed in terms of unbearable sacrifice, when no sacrifices are necessary to consequentially reduce consumption? When we think of the word power, we associate it with external forces: energy, technology, the government, etc. But our own...
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Sam Bankman-Fried: guilty on all charges Jurors spent less than five hours deliberating before returning the verdict.
3rd Nov 2023
59

Sam Bankman-Fried: guilty on all charges

from Citation Needed [alt+shift+b] in finance

3rd Nov 2023
Jurors spent less than five hours deliberating before returning the verdict.
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Trump claims US banks can't open in Canada—US banks disagree In what seems to be an effort to extort Canada for additional benefits, Donald Trump complained...
4th Feb 2025
42

Trump claims US banks can't open in Canada—US banks disagree

from Moneyness [alt+shift+b] in finance

4th Feb 2025
In what seems to be an effort to extort Canada for additional benefits, Donald Trump complained yesterday on social media that CANADA DOESN'T EVEN ALLOW U.S. BANKS TO OPEN OR DO BUSINESS THERE. And so according to Trump, Canada doubly deserves to be disciplined with...
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For the fun of it: An Open House for my Spring 2025 Classes I am a teacher at heart, and every year, for more than two decades, I have invited people to join me...
11th Dec 2024
24

For the fun of it: An Open House for my Spring 2025 Classes

from Musings on Markets [alt+shift+b] in finance

11th Dec 2024
I am a teacher at heart, and every year, for more than two decades, I have invited people to join me in the classes that I teach at the Stern School of Business at New York University. Since I teach these classes only in the spring, and the first sessions for each of the classes...
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The Surprising Distribution Effects of "Buy-Borrow-Die" Plus! Full-Stack; Scarcity; Sum-of-the-Parts; Nice Problems to Have; Distribution
2nd Jan 2026
1

The Surprising Distribution Effects of "Buy-Borrow-Die"

from The Diff [alt+shift+b] in finance

2nd Jan 2026
Plus! Full-Stack; Scarcity; Sum-of-the-Parts; Nice Problems to Have; Distribution
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Data Update 1 for 2026: The Push and Pull of Data! In my musings on valuation, I have long described myself as more of a number cruncher than a...
9th Jan 2026
1

Data Update 1 for 2026: The Push and Pull of Data!

from Musings on Markets [alt+shift+b] in finance

9th Jan 2026
In my musings on valuation, I have long described myself as more of a number cruncher than a storyteller, but it is because I love numbers for their own sake, rather than a fondness for abstract mathematics. It is that love for numbers that has led me at the beginning of each...
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Pretense, Staging, Expediency: the "Solutions" That Implode the Whole Shebang Slapdash quick fixes and policies share one characteristic: they eventually implode the whole...
1st Jan 2026
2

Pretense, Staging, Expediency: the "Solutions" That Implode the Whole Shebang

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

1st Jan 2026
Slapdash quick fixes and policies share one characteristic: they eventually implode the whole shebang. We all know how this works: the business is failing and the divorce papers have been filed, but the optics are ugly, so the couple waltzes in, all smiles and lovey-dovey,...
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Mental Strength in Judo; Mental Strength in Life Results of a four month accelerated expertise experiment in Judo. Or: "I expected to learn about...
3rd May 2023
178

Mental Strength in Judo; Mental Strength in Life

from Commoncog [alt+shift+b] in finance

3rd May 2023
Results of a four month accelerated expertise experiment in Judo. Or: "I expected to learn about deliberate practice but instead learnt a ton about my mental shortcomings."
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Just do it! Brand Name Lessons from Nike'sTroubles! I have spent the last week reading "Shoe Dog", Phil Knight's memoir of how  a runner on the Oregon...
1st Oct 2024
26

Just do it! Brand Name Lessons from Nike'sTroubles!

from Musings on Markets [alt+shift+b] in finance

1st Oct 2024
I have spent the last week reading "Shoe Dog", Phil Knight's memoir of how  a runner on the Oregon University track team built one of the great shoe companies in the world, in Nike. In addition to its entertainment value, and it is a fun book to read, I read it for two...
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Chesterton’s Fence: A Lesson in Second Order Thinking A core component of making great decisions is understanding the rationale behind previous decisions....
5th Sep 2022
99

Chesterton’s Fence: A Lesson in Second Order Thinking

from Farnam Street [alt+shift+b] in finance

5th Sep 2022
A core component of making great decisions is understanding the rationale behind previous decisions. If we don’t understand how we got “here,” we run the risk of making things much worse. *** When we seek to intervene in any system created by someone, it’s not enough to view...
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The DECIDE Algorithm — A Simple Step-by-Step Method for Converting Idle Time into Productive Action DECIDE D - Determine the Bottleneck E - Engage with the subject matter C - Clear distractions I -...
16th Mar 2025
52

The DECIDE Algorithm — A Simple Step-by-Step Method for Converting Idle Time into Productive Action

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

16th Mar 2025
DECIDE D - Determine the Bottleneck E - Engage with the subject matter C - Clear distractions I - Implement mental models D - Decide how to proceed E - Execute next steps When you’re traveling or waiting for something to happen, instead of listening to a podcast or scrolling on...
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Look Out Below As I often note, making Plans B and C is free. The stock market is always looking past "bad...
7th Oct 2025
1

Look Out Below

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

7th Oct 2025
As I often note, making Plans B and C is free. The stock market is always looking past "bad news" to front-run "good news." Once it became clear that the Titanic was indeed going to sink, the stock market would rally on the prospect of sharp growth in lifeboat shares. In...
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May ’24: UK election called The month of May seems a little while ago, so I’d better get on and write it up. This will be quick....
14th Jun 2024
141

May ’24: UK election called

from FIRE v London [alt+shift+b] in finance

14th Jun 2024
The month of May seems a little while ago, so I’d better get on and write it up. This will be quick. The big news in the UK was Rishi Sunak, the outgoing PM, calling a general election for 4 July. Independence-from-the-Tories Day. May was also the month that u-turner/blowharder...
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Operational Excellence is the Pursuit of ‘Knowledge’ It turns out that operational excellence results from the pursuit of a certain form of knowledge....
16th Mar 2023
141

Operational Excellence is the Pursuit of ‘Knowledge’

from Commoncog [alt+shift+b] in finance

16th Mar 2023
It turns out that operational excellence results from the pursuit of a certain form of knowledge. This is Part 3 of the Becoming Data Driven series, and the result of a deep dive into the field of statistical process control.
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Data Update 5 for 2025: It's a small world, after all! If the title of this post sounds familiar, it is because is one of Disney’s most iconic rides, one...
6th Feb 2025
37

Data Update 5 for 2025: It's a small world, after all!

from Musings on Markets [alt+shift+b] in finance

6th Feb 2025
If the title of this post sounds familiar, it is because is one of Disney’s most iconic rides, one that I have taken hundreds of times, first with my own children and more recently, with my grandchildren. It is a mainstay of every Disney theme park, from the original Disneyland...
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Issue 94 – Backdoor deals Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and...
8th Oct 2025
34

Issue 94 – Backdoor deals

from Citation Needed [alt+shift+b] in finance

8th Oct 2025
Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and crypto lenders are ratcheting up leverage like it’s 2022.
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Mar ’26: Iran clobbers markets In March the rain stopped. We started March with North London already having seen 2x its usual...
12th Apr 2026
1

Mar ’26: Iran clobbers markets

from FIRE v London [alt+shift+b] in finance

12th Apr 2026
In March the rain stopped. We started March with North London already having seen 2x its usual rainfall for this point in the year. And thankfully in the middle of March, it stopped. As I write this I have actually needed to start watering the garden, something that felt a very...
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"I didn't launder the cash, your honor. The robot did." Crypto enthusiasts protest the trial of Alexey Pertsev As the multiple Tornado Cash legal cases...
11th Jun 2024
23

"I didn't launder the cash, your honor. The robot did."

from Moneyness [alt+shift+b] in finance

11th Jun 2024
Crypto enthusiasts protest the trial of Alexey Pertsev As the multiple Tornado Cash legal cases wend their way through courts in the Netherlands and the U.S., we continue to learn how society's money laundering laws will be applied to some of the more unique financial...
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If We Set Aside Ideology, Is There Anything We Can Agree On? Just the experiment of setting aside ideological certainties for a moment would be instructive. ...
3rd Mar 2025
47

If We Set Aside Ideology, Is There Anything We Can Agree On?

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

3rd Mar 2025
Just the experiment of setting aside ideological certainties for a moment would be instructive. Humans are hard-wired to prefer simplicity over complexity, and this is the foundation of ideology, which like mythology takes a complex world and radically simplifies it to an...
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Jan ’24: A giant tax bill lands One of several highlights for me in January was visiting Salisbury cathedral, which I did on an...
10th Feb 2024
141

Jan ’24: A giant tax bill lands

from FIRE v London [alt+shift+b] in finance

10th Feb 2024
One of several highlights for me in January was visiting Salisbury cathedral, which I did on an impulse while travelling back from the Coastal Folly. My main frame of reference to the cathedral being those notorious Russian nerve agent assassins citing it as their reason for...
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The Mirrortable Mirrortables are to cap tables what stablecoins are to fiat currencies. They streamline and...
26th Dec 2021
42

The Mirrortable

from balajis.com [alt+shift+b] in finance

26th Dec 2021
Mirrortables are to cap tables what stablecoins are to fiat currencies. They streamline and internationalize the logistical mess of angel investing.
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The Wisdom and Madness of Crowds: Market Prices as Political Predictors! In this, the first full week in November 2024, the big news stories of this week are political, as...
7th Nov 2024
31

The Wisdom and Madness of Crowds: Market Prices as Political Predictors!

from Musings on Markets [alt+shift+b] in finance

7th Nov 2024
In this, the first full week in November 2024, the big news stories of this week are political, as the US presidential election reached its climactic moment on Tuesday, but I don't write about politics, not because I do not have political views, but because I reserve those views...
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The Imitation Game: Defending against AI's Dark Side! A few weeks ago, I started receiving a stream of message about an Instagram post that I was...
5th Aug 2025
50

The Imitation Game: Defending against AI's Dark Side!

from Musings on Markets [alt+shift+b] in finance

5th Aug 2025
A few weeks ago, I started receiving a stream of message about an Instagram post that I was allegedly starring in, where after offering my views on Palantir's valuation, I was soliciting investors to invest with me (or with an investment entity that had ties to me). I was not...
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April ’24: Juggling cash as new UK tax year begins The temperature in the Middle East got even hotter in April, with Israel and Iran trading attacks on...
11th May 2024
184

April ’24: Juggling cash as new UK tax year begins

from FIRE v London [alt+shift+b] in finance

11th May 2024
The temperature in the Middle East got even hotter in April, with Israel and Iran trading attacks on each other’s sovereign buildings/territory. Somehow World War III has never really seemed in danger of breaking out but it is a reminder that only change is constant. Over in New...
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The Greed & Fear Tango: The Markets in April 2025! I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the...
3rd May 2025
55

The Greed & Fear Tango: The Markets in April 2025!

from Musings on Markets [alt+shift+b] in finance

3rd May 2025
I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the market reacted with a sell off that knocked more than $9 trillion in market cap for global equities in the next two days. The month was off to a bad start, and tariffs remained the...
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May ’23: Magic megatech May has been election month. In the UK, some (but not all – and not London) local councils had...
4th Jun 2023
91

May ’23: Magic megatech

from FIRE v London [alt+shift+b] in finance

4th Jun 2023
May has been election month. In the UK, some (but not all – and not London) local councils had elections. The Tories took a drubbing, as expected. And overseas the notable election seemed to be Turkey, where autocratic Erdogan won (however fairly) another five year term – taking...
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The Market for Contrarian Talent Doesn't Clear Plus! Bootstrapping a Consumer-Facing Negawatt Market; Real Estate; Aggregators; Training Data;...
1st May 2026
1

The Market for Contrarian Talent Doesn't Clear

from The Diff [alt+shift+b] in finance

1st May 2026
Plus! Bootstrapping a Consumer-Facing Negawatt Market; Real Estate; Aggregators; Training Data; Supply Chains
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Older Articles I’ve Written In reverse chronological order: Starting a Physical Product Company? You’re Gonna Need a Lawyer...
13th Dec 2020
25

Older Articles I’ve Written

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

13th Dec 2020
In reverse chronological order: Starting a Physical Product Company? You’re Gonna Need a Lawyer (October 18, 2020) The Right to a Nonconsensus Opinion (June 9, 2020) Never Invest in Anything Made of Metal (May 2, 2020) Simple 3 Step Strategy to Stop the Coronavirus in the...
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A window into modern loan origination A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
10th Oct 2025
46

A window into modern loan origination

from Bits about Money [alt+shift+b] in finance

10th Oct 2025
A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
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Requiem for a bank loan A brief retrospective on an attractive product First Republic used to offer, and a wider discourse...
16th Jun 2023
64

Requiem for a bank loan

from Bits about Money [alt+shift+b] in finance

16th Jun 2023
A brief retrospective on an attractive product First Republic used to offer, and a wider discourse on the banking crisis.
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Oct ’24: Budgets & broad shoulders I haven’t seen much of London in October. I’ve been away every weekend in October, partly in the UK...
2nd Nov 2024
106

Oct ’24: Budgets & broad shoulders

from FIRE v London [alt+shift+b] in finance

2nd Nov 2024
I haven’t seen much of London in October. I’ve been away every weekend in October, partly in the UK and partly visiting friends overseas. And now we’re in November, the clocks have gone back, but temperatures haven’t plummeted yet. London feels busy – pubs still have crowds...
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Trump says he has “no idea” who he just pardoned President Trump reacts to condemnations of his recent pardon of Binance founder Changpeng Zhao by...
3rd Nov 2025
9

Trump says he has “no idea” who he just pardoned

from Citation Needed [alt+shift+b] in finance

3rd Nov 2025
President Trump reacts to condemnations of his recent pardon of Binance founder Changpeng Zhao by claiming he doesn’t know who he is.
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How to Become Data Driven The answer, like most things from Statistical Process Control, is more surprising and more obvious...
6th Feb 2023
106

How to Become Data Driven

from Commoncog [alt+shift+b] in finance

6th Feb 2023
The answer, like most things from Statistical Process Control, is more surprising and more obvious than you might think.
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The Situational Awareness Blow-up: The Collateral Damage from Investing Conviction! Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew...
11th Aug 2026
1

The Situational Awareness Blow-up: The Collateral Damage from Investing Conviction!

from Musings on Markets [alt+shift+b] in finance

11th Aug 2026
Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew little about him other than what I had read about him, more in social media, than in the press - that he was a 25-year-old wunderkind who had started at OpenAI but had left to...
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Tornado Cash un-OFAC'ed The next chapter in the Tornado Cash saga just dropped. Last week a court ruled last that Tornado...
5th Dec 2024
27

Tornado Cash un-OFAC'ed

from Moneyness [alt+shift+b] in finance

5th Dec 2024
The next chapter in the Tornado Cash saga just dropped. Last week a court ruled last that Tornado Cash, a bot that can be used for obfuscating crypto, is safe from being sanctioned. I first wrote about Tornado Cash in 2021, before its legal troubles began, warning of the risks...
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July ’23: Markets up, Coutts down It’s been a dismally wet July here in London. About 50% more rainfall than normal (which, before ye...
2nd Aug 2023
86

July ’23: Markets up, Coutts down

from FIRE v London [alt+shift+b] in finance

2nd Aug 2023
It’s been a dismally wet July here in London. About 50% more rainfall than normal (which, before ye scoff, isn’t that much – London is a fairly dry city – drier than Rome and much drier than Sydney). It has been long trousers weather, for the first time in several years. But at...
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Oct ’23: Terror erupts from Gaza It’s the Middle East again. I don’t have any perspective on it, sadly, other than that I hear of...
5th Nov 2023
110

Oct ’23: Terror erupts from Gaza

from FIRE v London [alt+shift+b] in finance

5th Nov 2023
It’s the Middle East again. I don’t have any perspective on it, sadly, other than that I hear of some nasty low level youth violence/intimidation/vandalism in North London in Jewish neighbourhoods by pro-Palestinian, dare-I-say-it pro-Hamas hotheads. But in most of London life...
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The 2023 Commoncog Recap Everything that we covered in 2023, and what to expect now that Commoncog has a new direction.
4th Jan 2024
129

The 2023 Commoncog Recap

from Commoncog [alt+shift+b] in finance

4th Jan 2024
Everything that we covered in 2023, and what to expect now that Commoncog has a new direction.
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In Credit Underwriting, Better is Worse Plus! IRR; Structure; Financial Epiphytes; Shale; Weakening the Cartel
2nd Jan 2025
61

In Credit Underwriting, Better is Worse

from The Diff [alt+shift+b] in finance

2nd Jan 2025
Plus! IRR; Structure; Financial Epiphytes; Shale; Weakening the Cartel
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Longreads + Open Thread Radio, Startups, History, Bally's, Dead Internet, Caesars
1st Feb 2025
53

Longreads + Open Thread

from The Diff [alt+shift+b] in finance

1st Feb 2025
Radio, Startups, History, Bally's, Dead Internet, Caesars
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My exits – a post mortem Readers will know that I dabble with active investing – I pick stocks. Lord, make me passive, but...
4th Feb 2025
75

My exits – a post mortem

from FIRE v London [alt+shift+b] in finance

4th Feb 2025
Readers will know that I dabble with active investing – I pick stocks. Lord, make me passive, but not yet Rather like The Investor at Monevator, I firmly believe in the merits of low cost index tracking as an investment strategy, but I also enjoy the thrills / intellectual...
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Google: Monopolized? Is Google too big? For years, the tech giant has dominated the search market, facing little...
1st Dec 2024
65

Google: Monopolized?

from Mazdak [alt+shift+b] in finance

1st Dec 2024
Is Google too big? For years, the tech giant has dominated the search market, facing little competition.
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Activist Investing in Asian Conglomerates How do Asian conglomerates play in capital markets, given pliable governments and weak regulators?...
3rd Mar 2025
58

Activist Investing in Asian Conglomerates

from Commoncog [alt+shift+b] in finance

3rd Mar 2025
How do Asian conglomerates play in capital markets, given pliable governments and weak regulators? We examine the career of one activist investor, to see what that tells us about the Asian tycoons we’ve been studying.
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Under The Hood How do you shape employee culture? How do you win employee commitment? Under The Hood has a coherent...
12th Nov 2024
85

Under The Hood

from Commoncog [alt+shift+b] in finance

12th Nov 2024
How do you shape employee culture? How do you win employee commitment? Under The Hood has a coherent model for building this skill.
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Disney World's New Theme Park: The White House and Congress A "Pirates of the Caribbean" themed experience is planned, where the taxpayers are repeatedly robbed...
1st Apr 2026
1

Disney World's New Theme Park: The White House and Congress

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

1st Apr 2026
A "Pirates of the Caribbean" themed experience is planned, where the taxpayers are repeatedly robbed by a motley crew of miscreants. In a blockbuster deal, an obscure federal agency has granted Disney the rights to develop the White House and Congress as a new FantasyLand...
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Business Reality Without Frameworks A paradox: why it’s important to think about business without abstractions, even as we from what’s...
21st Oct 2024
102

Business Reality Without Frameworks

from Commoncog [alt+shift+b] in finance

21st Oct 2024
A paradox: why it’s important to think about business without abstractions, even as we from what’s come before.
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The business of check cashing Check cashing, as a business, is a poorly understood "alternative" financial service.
30th Jan 2024
146

The business of check cashing

from Bits about Money [alt+shift+b] in finance

30th Jan 2024
Check cashing, as a business, is a poorly understood "alternative" financial service.
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Gil Duran Faked A Quote For the New Republic Then they stealth edited the piece. They knew they'd committed libel.
1st May 2024
147

Gil Duran Faked A Quote For the New Republic

from balajis.com [alt+shift+b] in finance

1st May 2024
Then they stealth edited the piece. They knew they'd committed libel.
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Caroline Ellison: A woman with agency or a helpless pawn? Why did the former Alameda Research CEO receive only two years imprisonment for her role in the FTX...
2nd Oct 2024
83

Caroline Ellison: A woman with agency or a helpless pawn?

from Citation Needed [alt+shift+b] in finance

2nd Oct 2024
Why did the former Alameda Research CEO receive only two years imprisonment for her role in the FTX collapse?
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25 Years of Higher Interest Rates Ahead? Interest rates are linked to inflation, but they're also linked to risk. As a result of...
2nd May 2025
36

25 Years of Higher Interest Rates Ahead?

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

2nd May 2025
Interest rates are linked to inflation, but they're also linked to risk. As a result of recency bias, where we assume the recent past is a permanent state of affairs, many believe near-zero interest rates are "normal." They aren't. As the chart of 10-year US Treasury...
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Being an Amazon Seller in 2021; Year in Review I’m the founder and CEO of Viahart (est. 2010), an e-commerce focused educational toy company. We...
23rd Jan 2022
27

Being an Amazon Seller in 2021; Year in Review

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

23rd Jan 2022
I’m the founder and CEO of Viahart (est. 2010), an e-commerce focused educational toy company. We did $8.8 million in sales in 2021. This article is going to tell you what it was like to run this business in 2021 vs. 2020, amidst threats like the Amazon aggregators, supply chain...
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The 2024 Commoncog Recap Everything that we covered in 2024, and what to expect in the coming year.
8th Jan 2025
86

The 2024 Commoncog Recap

from Commoncog [alt+shift+b] in finance

8th Jan 2025
Everything that we covered in 2024, and what to expect in the coming year.
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Embeddings – Part 2 This is the 9th post in my series on building a toy GPT. For better understanding, I recommend...
3rd Dec 2023
125

Embeddings – Part 2

from Seeking Wisdom [alt+shift+b] in finance

3rd Dec 2023
This is the 9th post in my series on building a toy GPT. For better understanding, I recommend reading my earlier posts first. Word embeddings convert words into fixed-length numerical arrays. Each number in these arrays corresponds to a specific characteristic of the word, such...
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Move Your Business Abroad: A Step-by-Step Guide for Entrepreneurs Expanding your business abroad can be a great way to reach new markets, increase revenue, and...
6th Nov 2023
93

Move Your Business Abroad: A Step-by-Step Guide for Entrepreneurs

from Mazdak [alt+shift+b] in finance

6th Nov 2023
Expanding your business abroad can be a great way to reach new markets, increase revenue, and diversify your portfolio. However, it's important to do your research and take the necessary steps to ensure a successful transition. Here are some practical tips for entrepreneurs...
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The Winner’s Edge A lot of otherwise talented people are too pessimistic to actually do anything. They are paralyzed...
19th Apr 2023
183

The Winner’s Edge

from Farnam Street [alt+shift+b] in finance

19th Apr 2023
A lot of otherwise talented people are too pessimistic to actually do anything. They are paralyzed by risks that don’t exist and greatly exaggerate them where they do, preventing them from being one of the best. Consider this lightly edited excerpt from a conversation between...
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Business Ecosystem Change Takes Time The birth of Sony, and the possibility that private corporations and private individuals can change...
11th Jun 2024
141

Business Ecosystem Change Takes Time

from Commoncog [alt+shift+b] in finance

11th Jun 2024
The birth of Sony, and the possibility that private corporations and private individuals can change broader business ecosystems.
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The infrastructure behind ATMs ATMs are connected to banks by networks which operate little-understood payment rails.
2nd Jan 2023
47

The infrastructure behind ATMs

from Bits about Money [alt+shift+b] in finance

2nd Jan 2023
ATMs are connected to banks by networks which operate little-understood payment rails.
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August ’26: Summer calm August was another fabulous summer month in the UK. The lack of rain became a nasty drought, with...
21st Sep 2026
1

August ’26: Summer calm

from FIRE v London [alt+shift+b] in finance

21st Sep 2026
August was another fabulous summer month in the UK. The lack of rain became a nasty drought, with hosepipe bans across much of the country – including my Coastal Folly’s Wessex Water supplier (for the first time in over 50 years). But lawns aside it made for an enjoyable month. I...
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Should Congress be Allowed to Trade? Plus! Norms Trading; Point-of-Sale; Trade Trench Warfare; AI and Ads; Bluffing Your Way to Better...
1st May 2025
19

Should Congress be Allowed to Trade?

from The Diff [alt+shift+b] in finance

1st May 2025
Plus! Norms Trading; Point-of-Sale; Trade Trench Warfare; AI and Ads; Bluffing Your Way to Better Management
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Jan ’23: Mr Market defuses my tax bombshell January is always a miserable month to be in London. Thankfully I managed to get away a bit during...
1st Feb 2023
91

Jan ’23: Mr Market defuses my tax bombshell

from FIRE v London [alt+shift+b] in finance

1st Feb 2023
January is always a miserable month to be in London. Thankfully I managed to get away a bit during the month (not to Davos, no), and enjoy myself in London despite the wintry weather. What you’re paying for in Mayfair these days Market movements in January The markets on the...
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Crypto Twitter Found SBF's Fraud The establishment did nothing until the internet revealed everything.
6th Nov 2023
59

Crypto Twitter Found SBF's Fraud

from balajis.com [alt+shift+b] in finance

6th Nov 2023
The establishment did nothing until the internet revealed everything.
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Banking in very uncertain times We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we...
14th Mar 2023
40

Banking in very uncertain times

from Bits about Money [alt+shift+b] in finance

14th Mar 2023
We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we may not get about it.
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The Scaling and Profitability Trade off: Venture Capital's Weakest Link! It is undeniable technology companies have found their most hospitable setting in the United States...
2nd Sep 2026
1

The Scaling and Profitability Trade off: Venture Capital's Weakest Link!

from Musings on Markets [alt+shift+b] in finance

2nd Sep 2026
It is undeniable technology companies have found their most hospitable setting in the United States and while there are many reasons for the US dominance of technology, easier access to capital for young businesses has been a key ingredient. Venture capital in the US, in its...
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When People Outperform Data People who succeed via analysis of numbers and facts need to learn that understanding of people can...
23rd Nov 2024
38

When People Outperform Data

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

23rd Nov 2024
People who succeed via analysis of numbers and facts need to learn that understanding of people can make that analysis unnecessary and can even outperform it. Examples: 1. Amazon did not make money between its 1994 founding through 2002. There was no financial or business...
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Few thoughts on life, psychology, and mindset I’ve been writing my thoughts on life, psychology, and mindset for some time. I’ve considered...
2nd Sep 2023
130

Few thoughts on life, psychology, and mindset

from Seeking Wisdom [alt+shift+b] in finance

2nd Sep 2023
I’ve been writing my thoughts on life, psychology, and mindset for some time. I’ve considered transferring some of these writings from Notion into this post. In physics, three laws can explain 99% of observations. However, in life, psychology, and mindset, 99 laws can barely...
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Perpetual futures, explained Crypto’s most popular product offers capital efficiency for professionals, leveraged exposure for...
5th Dec 2025
2

Perpetual futures, explained

from Bits about Money [alt+shift+b] in finance

5th Dec 2025
Crypto’s most popular product offers capital efficiency for professionals, leveraged exposure for the masses, rich yields for market makers — and a poorly understood failure mode.
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April 2025 – balmy weather, barmy markets Better late than never, I’m doing a quick update on April. More for the record than because anything...
24th May 2025
63

April 2025 – balmy weather, barmy markets

from FIRE v London [alt+shift+b] in finance

24th May 2025
Better late than never, I’m doing a quick update on April. More for the record than because anything particularly notable happened in the portfolio, ignoring the mid month gyrations. It was a lovely month, April. I did a bit of travelling, but the UK had generally lovely spring...
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A glass half-full take on Caucasus sanctions evasion Ed Conway of Sky News recently published a very good investigation on sanctions evasion being...
2nd Oct 2024
25

A glass half-full take on Caucasus sanctions evasion

from Moneyness [alt+shift+b] in finance

2nd Oct 2024
Ed Conway of Sky News recently published a very good investigation on sanctions evasion being carried out through the Caucasus. He visits the Lars border crossing between Georgia and Russia to document how smugglers are openly moving British and German luxury cars into Russia, in...
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Issue 71 – (Crypto) banks are not your friends Celsius’ Alex Mashinsky pleads guilty to fraud, some Tornado Cash sanctions are overturned, and tech...
5th Dec 2024
83

Issue 71 – (Crypto) banks are not your friends

from Citation Needed [alt+shift+b] in finance

5th Dec 2024
Celsius’ Alex Mashinsky pleads guilty to fraud, some Tornado Cash sanctions are overturned, and tech billionaires complain about “debanking”.
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Evaluating Information: Find the Signal in the Noise We are drowning in information. Most of that information is irrelevant. If only we could sort what...
3rd Aug 2022
78

Evaluating Information: Find the Signal in the Noise

from Farnam Street [alt+shift+b] in finance

3rd Aug 2022
We are drowning in information. Most of that information is irrelevant. If only we could sort what matters from what doesn’t. The good news is that you can train your brain to evaluate the quality of information. Not only can you quickly determine if someone knows what they are...
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Google’s New AI Summaries in Discover: The Next Blow to Publishers? If you work in media or publishing, brace yourself — another platform update from Google is quietly...
15th Jul 2025
47

Google’s New AI Summaries in Discover: The Next Blow to Publishers?

from Mazdak [alt+shift+b] in finance

15th Jul 2025
If you work in media or publishing, brace yourself — another platform update from Google is quietly shifting the ground beneath us.
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Stay the course I spend a couple of weeks every February keeping up with my investments, timing it to coincide with...
5th Mar 2024
154

Stay the course

from Seeking Wisdom [alt+shift+b] in finance

5th Mar 2024
I spend a couple of weeks every February keeping up with my investments, timing it to coincide with the release of Buffett’s annual letter to shareholders. I found something interesting while performing this ritual this time. I came across Aswath Damodaran’s website, where he has...
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Issue 90 – Crime szn bro The Trump administration cracks down on software to limit surveillance of crypto transactions, while...
13th Aug 2025
40

Issue 90 – Crime szn bro

from Citation Needed [alt+shift+b] in finance

13th Aug 2025
The Trump administration cracks down on software to limit surveillance of crypto transactions, while celebrating a “deregulatory blitz” tailored for its billionaire benefactors
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Risk and AI: It's Tricky The possibility that AI will end up unleashing waves of 'Anti-Progress'--malicious uses,...
1st Jul 2026
1

Risk and AI: It's Tricky

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

1st Jul 2026
The possibility that AI will end up unleashing waves of 'Anti-Progress'--malicious uses, untrustworthy output and uncontrollable floods of slop--also doesn't occur to those confined in the current belief construct. A funny thing happens on the way to understanding risk: we...
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How to Use Power How do you gain power, use power, and identify those who have power, so that you may protect...
2nd Dec 2024
98

How to Use Power

from Commoncog [alt+shift+b] in finance

2nd Dec 2024
How do you gain power, use power, and identify those who have power, so that you may protect yourself against them? Part two of three in a series on power in business.
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Markets are calmer. The bigger questions aren't. A quick run through the stories that actually matter today — rates, trade, cancer research, robots,...
20th Aug 2026
2

Markets are calmer. The bigger questions aren't.

from Mazdak [alt+shift+b] in finance

20th Aug 2026
A quick run through the stories that actually matter today — rates, trade, cancer research, robots, and a few things that could affect how business gets done.
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Stablecoins – a digital version of Swiss bearer savings books Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and...
9th Aug 2024
27

Stablecoins – a digital version of Swiss bearer savings books

from Moneyness [alt+shift+b] in finance

9th Aug 2024
Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and open an account without showing any ID. The bank would then issue you something called a bearer savings book, otherwise known as inhabersparheften or livrets d'épargne au porteur....
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Question #3 for 2025: What will the unemployment rate be in December 2025? Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of...
1st Jan 2025
47

Question #3 for 2025: What will the unemployment rate be in December 2025?

from Calculated Risk [alt+shift+b] in finance

1st Jan 2025
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will...
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Fiction and Finance Recommendations of works of fiction of interest to financial practitioners or enthusiasts.
7th Oct 2024
122

Fiction and Finance

from Bits about Money [alt+shift+b] in finance

7th Oct 2024
Recommendations of works of fiction of interest to financial practitioners or enthusiasts.
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Trump to launch branded crypto trading application New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of...
3rd Jun 2025
36

Trump to launch branded crypto trading application

from Citation Needed [alt+shift+b] in finance

3rd Jun 2025
New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of President Trump to buy his memecoin
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Dell's Capital Expertise We trace Michael Dell's skill at the art of capital in business, and use it to examine how skill at...
1st Jul 2023
128

Dell's Capital Expertise

from Commoncog [alt+shift+b] in finance

1st Jul 2023
We trace Michael Dell's skill at the art of capital in business, and use it to examine how skill at capital allows you to make moves that aren't available to a novice business operator.
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Oct ’25: Trim, trim & trim October in the markets was one of those slightly giddy months. My portfolio crossed through a big...
9th Nov 2025
1

Oct ’25: Trim, trim & trim

from FIRE v London [alt+shift+b] in finance

9th Nov 2025
October in the markets was one of those slightly giddy months. My portfolio crossed through a big number threshold, and kept going up. The market stats don’t quite tell the whole story. On a constant currency basis, markets rose 2.8%. Non-UK currencies (AUD, EUR, USD) rose...
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Trillion Dollar Market Caps: Fairy Tale Pricing or Business Marvels? Stock markets have always rewarded winners with large capitalizations, and with each new threshold,...
3rd Dec 2025
1

Trillion Dollar Market Caps: Fairy Tale Pricing or Business Marvels?

from Musings on Markets [alt+shift+b] in finance

3rd Dec 2025
Stock markets have always rewarded winners with large capitalizations, and with each new threshold, the questions begin anew of whether animal spirits or fundamentals are driving the numbers. A few weeks ago, Nvidia seemed unstoppable as its market capitalization crested $5...
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The Joys and Tragedies of Naivete Our naivete is being exploited so ruthlessly and with such abandon that the golden age of the Big...
5th Aug 2026
2

The Joys and Tragedies of Naivete

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

5th Aug 2026
Our naivete is being exploited so ruthlessly and with such abandon that the golden age of the Big Con is consuming itself. Naivete is interesting because it's so easily confused with confidence, native optimism, youthful enthusiasm, and a host of delusions, including...
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Bond Villain When Powell devalued bonds, he destroyed the economy.
4th Jul 2023
46

Bond Villain

from balajis.com [alt+shift+b] in finance

4th Jul 2023
When Powell devalued bonds, he destroyed the economy.
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May 2nd COVID Update: COVID Deaths Continue to Decline Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm...
2nd May 2025
18

May 2nd COVID Update: COVID Deaths Continue to Decline

from Calculated Risk [alt+shift+b] in finance

2nd May 2025
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Note: "Effective May 1, 2024, hospitals are no longer required to report...
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How to Run Smart Experiments When You Just Don’t Know How all good entrepreneurs run experiments at the earliest stages of a business, and how you can use...
20th Aug 2025
44

How to Run Smart Experiments When You Just Don’t Know

from Commoncog [alt+shift+b] in finance

20th Aug 2025
How all good entrepreneurs run experiments at the earliest stages of a business, and how you can use this approach for your own career.
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Warren Buffett’s Thanksgiving Letter Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
11th Nov 2025
1

Warren Buffett’s Thanksgiving Letter

from The Rational Walk [alt+shift+b] in finance

11th Nov 2025
Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
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Meet Trump’s memecoin dinner guests Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises...
7th May 2025
51

Meet Trump’s memecoin dinner guests

from Citation Needed [alt+shift+b] in finance

7th May 2025
Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises fresh concerns over foreign influence
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What are the Key Properties of Bitcoin? There are plenty of unwritten rules when it comes to proposing protocol changes in Bitcoin. Some are...
11th Jan 2025
22

What are the Key Properties of Bitcoin?

from balajis.com [alt+shift+b] in finance

11th Jan 2025
There are plenty of unwritten rules when it comes to proposing protocol changes in Bitcoin. Some are philosophical, some are technical, and some are a blend.
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We Still Have No Idea Whether Passive Investing is a Meaningful Risk Plus! Complements and Strategy; Privacy, Competition, and Scale; Platforms and Ownership; KYC;...
26th Nov 2024
44

We Still Have No Idea Whether Passive Investing is a Meaningful Risk

from The Diff [alt+shift+b] in finance

26th Nov 2024
Plus! Complements and Strategy; Privacy, Competition, and Scale; Platforms and Ownership; KYC; Tariff Man
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Economic Tailwinds and Headwinds After the election in November 2016, I pointed out that the economy was solid, that there were...
1st Apr 2025
61

Economic Tailwinds and Headwinds

from Calculated Risk [alt+shift+b] in finance

1st Apr 2025
After the election in November 2016, I pointed out that the economy was solid, that there were significant economic tailwinds and that it was unlikely that Mr. Trump would do everything he said during the campaign. See: The Future is still Bright! and The Cupboard is Full.  I...
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The Joy of Small Markets If you want to get rich, the irony is that small markets are often better than large ones.
2nd Sep 2025
45

The Joy of Small Markets

from Commoncog [alt+shift+b] in finance

2nd Sep 2025
If you want to get rich, the irony is that small markets are often better than large ones.
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Who Decides What AI Can Do? Plus! Diff Jobs; Fun Trades; Insiders; M&A; Two-Tier Rounds; Switching Costs
2nd Mar 2026
1

Who Decides What AI Can Do?

from The Diff [alt+shift+b] in finance

2nd Mar 2026
Plus! Diff Jobs; Fun Trades; Insiders; M&A; Two-Tier Rounds; Switching Costs
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May ’26: Angelic timing May was an enjoyable month. I kept reasonably busy, as well as doing a bit of travel around the UK....
17th Jun 2026
1

May ’26: Angelic timing

from FIRE v London [alt+shift+b] in finance

17th Jun 2026
May was an enjoyable month. I kept reasonably busy, as well as doing a bit of travel around the UK. I visited King Charles’ Poundbury for the first time, as well as the south coast and the Cotswolds for a weekend. Meanwhile, the news has been dominated by Trump’s Iran war, and in...
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To Bitcoin or not to Bitcoin? A Corporate Cash Question! In this post, I will bring together two disparate and very different topics that I have written...
18th Jul 2025
50

To Bitcoin or not to Bitcoin? A Corporate Cash Question!

from Musings on Markets [alt+shift+b] in finance

18th Jul 2025
In this post, I will bring together two disparate and very different topics that I have written about in the past. The first is the role that cash holdings play in a business, an extension of the dividend policy question, with an examination of why businesses often should not pay...
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Apr ’23: Wind and windfalls April saw the season of long weekends begin here in the UK. Easter saw me inspired by the Ermine to...
6th May 2023
113

Apr ’23: Wind and windfalls

from FIRE v London [alt+shift+b] in finance

6th May 2023
April saw the season of long weekends begin here in the UK. Easter saw me inspired by the Ermine to check out Dorset’s Chesil beach. We struck lucky with the weather and had a fine, distinctly non-London, time, over a very blustery Easter weekend. My walking shoes seem to have...
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All It Takes Is All You Got Your assets are the government's collateral.
29th Mar 2024
145

All It Takes Is All You Got

from balajis.com [alt+shift+b] in finance

29th Mar 2024
Your assets are the government's collateral.
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The Ultimate Small Business Hiring Guide How to Find the Right Fit for Your Team
9th Oct 2024
105

The Ultimate Small Business Hiring Guide

from Mazdak [alt+shift+b] in finance

9th Oct 2024
How to Find the Right Fit for Your Team
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The Edge Thinking with Machines was such a joyful read that I finished it in a single sitting during a...
8th Feb 2026
1

The Edge

from Seeking Wisdom [alt+shift+b] in finance

8th Feb 2026
Thinking with Machines was such a joyful read that I finished it in a single sitting during a seven-hour flight. Do read it if you want to understand how AI will change the way we live and work. Vasant has lived through every major shift in AI, from expert systems to today’s push...
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Why We're Helpless When Things Break Down Only then do we realize that by optimizing profit and efficiency, we've also optimized systemic...
1st May 2026
1

Why We're Helpless When Things Break Down

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

1st May 2026
Only then do we realize that by optimizing profit and efficiency, we've also optimized systemic failure. In my essay AI, Money, Human Nature and the Problem with Problems, I refer to boundary conditions but didn't offer a thorough explanation of the role this concept plays...
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How Experts Sensemake Two decades ago, the US military funded some research into how humans sensemake. This piece is about...
7th Apr 2026
1

How Experts Sensemake

from Commoncog [alt+shift+b] in finance

7th Apr 2026
Two decades ago, the US military funded some research into how humans sensemake. This piece is about that theory — the best theory of sensemaking that we have — why it matters for expertise, and how you can apply it to make sense of AI.
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A Few Notes on Moats Some non-obvious, even surprising things about building competitive moats, including when they might...
11th Feb 2026
1

A Few Notes on Moats

from Commoncog [alt+shift+b] in finance

11th Feb 2026
Some non-obvious, even surprising things about building competitive moats, including when they might not be necessary.
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Apr ’26: A record month, house purchase underway It’s been a beautiful month. I’ve been about a bit, taking in Lincoln, the New Forest, and Oxford as...
4th May 2026
2

Apr ’26: A record month, house purchase underway

from FIRE v London [alt+shift+b] in finance

4th May 2026
It’s been a beautiful month. I’ve been about a bit, taking in Lincoln, the New Forest, and Oxford as well as enjoying London town itself. The Iran conflict rumbles on, with the USA and Israel having effectively finished the military engagement. Markets have had a very strong...
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August ’25: Warm memories While the global soap opera of the Gaza crisis, Trump/Putin PR, Ukraine misery etc continued, I have...
11th Sep 2025
48

August ’25: Warm memories

from FIRE v London [alt+shift+b] in finance

11th Sep 2025
While the global soap opera of the Gaza crisis, Trump/Putin PR, Ukraine misery etc continued, I have created some warm memories in August. I spent a bit of time in the New Forest, at both ends, and the middle. Which included a trip to Mudeford, site of the UK’s most expensive...
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Nov ’23 revalues the future In the news It has been quite a busy month out there. The Israel/Gaza crisis continues. Public...
5th Dec 2023
124

Nov ’23 revalues the future

from FIRE v London [alt+shift+b] in finance

5th Dec 2023
In the news It has been quite a busy month out there. The Israel/Gaza crisis continues. Public opinion is shifting against the Israel government here, even in North London – which would normally be one of the most sympathetic neighbourhoods outside Tel Aviv. The Ukrainians are...
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Money laundering and AML compliance A brief overview of what money laundering is, what financial institutions do about it, and why.
10th Feb 2023
52

Money laundering and AML compliance

from Bits about Money [alt+shift+b] in finance

10th Feb 2023
A brief overview of what money laundering is, what financial institutions do about it, and why.
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2nd Look at Local Housing Markets in November Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in...
11th Dec 2024
43

2nd Look at Local Housing Markets in November

from Calculated Risk [alt+shift+b] in finance

11th Dec 2024
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in November A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not...
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Focus on the process, not the outcome Woorkeri Raman, a former Indian cricketer and former coach of the India women’s national cricket...
12th Aug 2024
149

Focus on the process, not the outcome

from Seeking Wisdom [alt+shift+b] in finance

12th Aug 2024
Woorkeri Raman, a former Indian cricketer and former coach of the India women’s national cricket team, has two non-negotiables. As an offspinner, you must never get cut, and you must never get driven through the covers. Even when Ravichandran Ashwin takes five wickets, Raman will...
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The Hospitality Solution in Your Business A look at the main provocation of Will Guidara’s Unreasonable Hospitality: that you can solve...
11th Sep 2024
122

The Hospitality Solution in Your Business

from Commoncog [alt+shift+b] in finance

11th Sep 2024
A look at the main provocation of Will Guidara’s Unreasonable Hospitality: that you can solve (certain) business problems with hospitality, and that it only takes a little thoughtfulness to do so.
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What I’ve Been Reading Thoughts on the books I read in Q1 2025
3rd Apr 2025
1

What I’ve Been Reading

from The Rational Walk [alt+shift+b] in finance

3rd Apr 2025
Thoughts on the books I read in Q1 2025
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Issue 45 – I'm the director now Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker...
5th Dec 2023
88

Issue 45 – I'm the director now

from Citation Needed [alt+shift+b] in finance

5th Dec 2023
Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker decides to manifest a new job for themselves.
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Claude vs. ChatGPT: A Comprehensive Comparison In today’s rapidly evolving AI landscape, two names stand out in the realm of conversational...
4th Mar 2025
59

Claude vs. ChatGPT: A Comprehensive Comparison

from Mazdak [alt+shift+b] in finance

4th Mar 2025
In today’s rapidly evolving AI landscape, two names stand out in the realm of conversational assistants—Anthropic’s Claude and OpenAI’s ChatGPT. Although both are built on large language models, they diverge sharply in design philosophy, technical implementation, safety...
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Is the wholesale marketplace Faire right for your e-commerce business or brand? My company has sold $2.6 million on Faire over the past 4.5 years. As selling on Amazon has become...
6th Feb 2026
1

Is the wholesale marketplace Faire right for your e-commerce business or brand?

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

6th Feb 2026
My company has sold $2.6 million on Faire over the past 4.5 years. As selling on Amazon has become tougher and tougher, we are thankful for the growing sales Faire has brought us. That said, it's a difficult, counterintuitive marketplace to operate on, and one that is getting,...
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California Is Not A Democracy It's a one-party state. They hold elections, but the Party always wins.
10th Jun 2024
147

California Is Not A Democracy

from balajis.com [alt+shift+b] in finance

10th Jun 2024
It's a one-party state. They hold elections, but the Party always wins.
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Notes on a non-profit indicted for bank fraud Well-regarded non-profit runs domestic intelligence agency; distributes intelligence product;...
1st May 2026
1

Notes on a non-profit indicted for bank fraud

from Bits about Money [alt+shift+b] in finance

1st May 2026
Well-regarded non-profit runs domestic intelligence agency; distributes intelligence product; achieves adoption in financial infrastructure; recruits agents and allies; intervenes against U.S. political fundraising.
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Financial systems take a holiday Ever wondered about what happens when banks are closed or why some apps have operating hours? It's...
29th Feb 2024
143

Financial systems take a holiday

from Bits about Money [alt+shift+b] in finance

29th Feb 2024
Ever wondered about what happens when banks are closed or why some apps have operating hours? It's fascinating.
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The Corporate Life Cycle: Managing, Valuation and Investing Implications! As I reveal my ignorance about TikTok trends, social media celebrities and Gen Z slang, my children...
20th Aug 2024
27

The Corporate Life Cycle: Managing, Valuation and Investing Implications!

from Musings on Markets [alt+shift+b] in finance

20th Aug 2024
As I reveal my ignorance about TikTok trends, social media celebrities and Gen Z slang, my children are quick to point out my age, and I accept that reality, for the most part. I understand that I am too old to exercise without stretching first or eat a heaping plate of cheese...
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Mar ’24: A towering influence I’ve enjoyed March. I managed to enjoy a few days’ skiing, despite less snow than any of us would...
1st Apr 2024
146

Mar ’24: A towering influence

from FIRE v London [alt+shift+b] in finance

1st Apr 2024
I’ve enjoyed March. I managed to enjoy a few days’ skiing, despite less snow than any of us would like, in the Austrian alps. Back at home, the sun has been getting stronger, and the evenings have been getting lighter – and now with Summer Time we will enjoy lovely late evenings...
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Sep 23: Antisocial markets For some reason shoplifting is in the news. There’s evidently an epidemic of it. Not just in the UK,...
8th Oct 2023
116

Sep 23: Antisocial markets

from FIRE v London [alt+shift+b] in finance

8th Oct 2023
For some reason shoplifting is in the news. There’s evidently an epidemic of it. Not just in the UK, but wider afield too – hence major brands pulling out of cities like San Francisco. From what I hear there is a general increase in antisocial behaviour, dating from the covid-19...
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A Golden Year (2025): Gold's Price Surge - The Signal in the Noise! I grew up in India in a time where if you had wealth, your investment options were limited. A stock...
6th Nov 2025
18

A Golden Year (2025): Gold's Price Surge - The Signal in the Noise!

from Musings on Markets [alt+shift+b] in finance

6th Nov 2025
I grew up in India in a time where if you had wealth, your investment options were limited. A stock market with sparse listings, accompanied by a lack of trust in financial assets, led investors to put their wealth into tangible assets. Real estate was the most common choice but...
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Brainwashing for Confidence My mom brainwashed me to be confident. She told me over and over that I was great and destined for...
15th Apr 2026
1

Brainwashing for Confidence

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

15th Apr 2026
My mom brainwashed me to be confident. She told me over and over that I was great and destined for great things. And it worked. To this day, when I lose or make a mistake, I get mad, but I always wind up where my mother left me: “You’re great. All you need is more practice.” And...
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June 2025: Show times I really want to stop mentioning Trump. Even when he sends troops into LA, one of my favourite...
11th Jul 2025
57

June 2025: Show times

from FIRE v London [alt+shift+b] in finance

11th Jul 2025
I really want to stop mentioning Trump. Even when he sends troops into LA, one of my favourite cities. But when he launches 30kt bombs on Iran, it is very hard to avoid talking about him. In the context of what Trump’s been up to, the welfare reform screw-ups by the Labour...
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More Creators Can Now Make Money on YouTube YouTube Lowers Monetization Requirements for Creators. New Twitter CEO Linda Yaccarino Sets Out...
13th Jun 2023
42

More Creators Can Now Make Money on YouTube

from Mazdak [alt+shift+b] in finance

13th Jun 2023
YouTube Lowers Monetization Requirements for Creators. New Twitter CEO Linda Yaccarino Sets Out Vision for the Platform. YouTube Makes It Easier for Small Creators to Earn Money YouTube is lowering the eligibility requirements for creators to make money from their channels....
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Issue 61 – Soft war by the enemy How will recent Supreme Court decisions affect the crypto world? Also, more absurdity from the...
5th Jul 2024
134

Issue 61 – Soft war by the enemy

from Citation Needed [alt+shift+b] in finance

5th Jul 2024
How will recent Supreme Court decisions affect the crypto world? Also, more absurdity from the crypto lobby, and some new regulatory actions.
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Why the CrowdStrike bug hit banks hard Regulation-induced monocultures meet unfortunate but explicable engineering decisions.
31st Jul 2024
135

Why the CrowdStrike bug hit banks hard

from Bits about Money [alt+shift+b] in finance

31st Jul 2024
Regulation-induced monocultures meet unfortunate but explicable engineering decisions.
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The Network State Conference Come to Singapore on September 22, 2024 to build technodemocracy.
15th Oct 2023
4

The Network State Conference

from balajis.com [alt+shift+b] in finance

15th Oct 2023
Come to Singapore on September 22, 2024 to build technodemocracy.
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The Creation of a Skilled Tycoon What it looks like when an Asian tycoon gets good at the game of business.
8th Dec 2025
1

The Creation of a Skilled Tycoon

from Commoncog [alt+shift+b] in finance

8th Dec 2025
What it looks like when an Asian tycoon gets good at the game of business.
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It’s a treasure trove of health insights! Use Insulin wisely Life on Earth started simple. For nearly 2 billion years, tiny single-celled...
21st Oct 2024
132

It’s a treasure trove of health insights!

from Seeking Wisdom [alt+shift+b] in finance

21st Oct 2024
Use Insulin wisely Life on Earth started simple. For nearly 2 billion years, tiny single-celled organisms dominated. Then, a lucky accident changed everything. One cell swallowed another, and the swallowed cell became mitochondria, the powerhouse of complex cells. This chance...
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The Global Trade Game: Jokers Are Wild There may be no winners of the game of Global Domination (tm), and that is likely the best outcome....
2nd Apr 2025
49

The Global Trade Game: Jokers Are Wild

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

2nd Apr 2025
There may be no winners of the game of Global Domination (tm), and that is likely the best outcome. Okay, players: jokers are wild, but with a twist: the entire deck is jokers. Since everyone at the table will have five Aces, nobody wins. Welcome to the Trade War Poker...
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Warren Buffett on Berkshire’s Valuation Warren Buffett has typically avoided commenting on Berkshire's stock price, but he has provided some...
3rd Mar 2025
1

Warren Buffett on Berkshire’s Valuation

from The Rational Walk [alt+shift+b] in finance

3rd Mar 2025
Warren Buffett has typically avoided commenting on Berkshire's stock price, but he has provided some clues that are worth considering.
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Issue 87 – SO ORDERED Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders,...
1st Jul 2025
47

Issue 87 – SO ORDERED

from Citation Needed [alt+shift+b] in finance

1st Jul 2025
Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat
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Putting the Jobs to be Done Interview to Practice Things we wished someone told us, before we put the JTBD interview to practice.
9th Jul 2025
55

Putting the Jobs to be Done Interview to Practice

from Commoncog [alt+shift+b] in finance

9th Jul 2025
Things we wished someone told us, before we put the JTBD interview to practice.
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Deposit insurance maximization as a service In the wake of the recent banking crisis, there is some attention to deposit insurance limits. Some...
5th Apr 2023
40

Deposit insurance maximization as a service

from Bits about Money [alt+shift+b] in finance

5th Apr 2023
In the wake of the recent banking crisis, there is some attention to deposit insurance limits. Some products increase them; here is how.
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⚖️ Copyright Law and Generative AI Generative AI is revolutionizing the way we create, but it's also raising complex legal questions...
1st Dec 2023
101

⚖️ Copyright Law and Generative AI

from Mazdak [alt+shift+b] in finance

1st Dec 2023
Generative AI is revolutionizing the way we create, but it's also raising complex legal questions about copyright law. 🤯 What's the Issue? 🤔 Copyright law protects original works created by humans. But what about AI-generated content? Is it protected by copyright? 🤔
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All the Demand Ideas from The Heart of Innovation, Simply Stated All the ideas of the Heart of Innovation, compressed into one piece.
3rd Mar 2026
1

All the Demand Ideas from The Heart of Innovation, Simply Stated

from Commoncog [alt+shift+b] in finance

3rd Mar 2026
All the ideas of the Heart of Innovation, compressed into one piece.
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Hello LLMs! When you are having trouble getting your thinking straight, consider an extreme or simple case. This...
4th Oct 2023
101

Hello LLMs!

from Seeking Wisdom [alt+shift+b] in finance

4th Oct 2023
When you are having trouble getting your thinking straight, consider an extreme or simple case. This will often give you the insight needed to move forward. I nodded in agreement when I read the above lines from the book Maxims for Thinking Analytically. ChatGPT took the world by...
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Introducing Xmrit Some free software to create, modify, experiment with and share XmR charts. Unlock the ability to...
10th Apr 2024
144

Introducing Xmrit

from Commoncog [alt+shift+b] in finance

10th Apr 2024
Some free software to create, modify, experiment with and share XmR charts. Unlock the ability to become more data driven today.
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AI is polytheistic, not monotheistic And ten more thoughts on AI.
3rd Aug 2025
61

AI is polytheistic, not monotheistic

from balajis.com [alt+shift+b] in finance

3rd Aug 2025
And ten more thoughts on AI.
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Mar ’25: Anticipating tariffs What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front...
11th Apr 2025
58

Mar ’25: Anticipating tariffs

from FIRE v London [alt+shift+b] in finance

11th Apr 2025
What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front over the last few weeks, seems a bit pointless. We entered March with a lot of drama about Ukraine, and some notable ‘ceasefire’ activity on the diplomatic front. We finished March...
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Heureka A “heureka” is a surprisingly powerful yet simple solution to a complex optimization problem, which...
20th Sep 2025
1

Heureka

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

20th Sep 2025
A “heureka” is a surprisingly powerful yet simple solution to a complex optimization problem, which is theoretically inferior to more complicated solutions, but is, in practice, optimal. Example: “I’m a 22 year old Phi Beta Kappa alumnus of University of Iowa and I have this idea...
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Apple has a new CEO. Now comes the hard part. September is here, and there’s actually quite a bit going on.
1st Sep 2026
2

Apple has a new CEO. Now comes the hard part.

from Mazdak [alt+shift+b] in finance

1st Sep 2026
September is here, and there’s actually quite a bit going on.
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Truth Be Told The ultimate truth is revealing the truth of the situation and our feelings about it are a relief,...
a week ago
1

Truth Be Told

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

a week ago
The ultimate truth is revealing the truth of the situation and our feelings about it are a relief, and the starting point to moving forward in a positive direction. This is the first in a series of posts around the theme of Truth Be Told, a theme that demands some...
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July ’24: New UK government July has been quite a busy month. I’ve been getting about a bit. Some South Coast action, some...
5th Aug 2024
125

July ’24: New UK government

from FIRE v London [alt+shift+b] in finance

5th Aug 2024
July has been quite a busy month. I’ve been getting about a bit. Some South Coast action, some Mediterranean fun, a trip up to Oxford, a visit to one of England’s great Cathedrals, and more. And July saw some fine times in London. Both outdoors and inside. And of course we had...
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Elon Musk and the right’s war on Wikipedia The world's richest man has joined a growing chorus of right-wing voices attacking Wikipedia as part...
2nd Jan 2025
73

Elon Musk and the right’s war on Wikipedia

from Citation Needed [alt+shift+b] in finance

2nd Jan 2025
The world's richest man has joined a growing chorus of right-wing voices attacking Wikipedia as part of an intensifying campaign against free and open access information.
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America's $175 Trillion Problem The true state of the global financial system, in ten charts.
25th Jul 2024
132

America's $175 Trillion Problem

from balajis.com [alt+shift+b] in finance

25th Jul 2024
The true state of the global financial system, in ten charts.
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Oil, War and the Global Economy: The Market's Narrative in March 2026 Markets play an expectations game, and in March 2026, we saw the process play out, with all of its...
1st Apr 2026
1

Oil, War and the Global Economy: The Market's Narrative in March 2026

from Musings on Markets [alt+shift+b] in finance

1st Apr 2026
Markets play an expectations game, and in March 2026, we saw the process play out, with all of its upsides and downsides. The month started with a war in the Middle East, which quickly percolated into soaring oil prices and dropping stock prices, but the overwhelming factor was...
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How to Win Friends and Influence People by Dale Carnegie: A Summary and Key Takeaways Dale Carnegie's How to Win Friends and Influence People is one of the most popular and influential...
13th Oct 2023
117

How to Win Friends and Influence People by Dale Carnegie: A Summary and Key Takeaways

from Mazdak [alt+shift+b] in finance

13th Oct 2023
Dale Carnegie's How to Win Friends and Influence People is one of the most popular and influential self-help books ever written. First published in 1936, it has sold over 50 million copies and been translated into over 30 languages. The book is a practical guide to improving...
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Too Fake to Tell US government stats aren't reliable. More importantly, neither are US government bonds.
5th Jun 2023
41

Too Fake to Tell

from balajis.com [alt+shift+b] in finance

5th Jun 2023
US government stats aren't reliable. More importantly, neither are US government bonds.
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The Network School Fellowship Anyone from anywhere can apply for $100k in funding at ns.com.
18th Apr 2025
67

The Network School Fellowship

from balajis.com [alt+shift+b] in finance

18th Apr 2025
Anyone from anywhere can apply for $100k in funding at ns.com.
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The Only Thing That Matters Business skill, as the ability to cut a messy business problem down to a single, most important...
3rd Nov 2025
18

The Only Thing That Matters

from Commoncog [alt+shift+b] in finance

3rd Nov 2025
Business skill, as the ability to cut a messy business problem down to a single, most important thing.
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Begging Bowl '25: I'm Looking for Two Readers Willing to Help Me Buy a New Thrift-Store Shirt The goal is to move incrementally toward a kind of happiness that actually makes us happy. That's...
2nd Feb 2025
32

Begging Bowl '25: I'm Looking for Two Readers Willing to Help Me Buy a New Thrift-Store Shirt

from oftwominds-Charles Hugh Smith [alt+shift+b] in finance

2nd Feb 2025
The goal is to move incrementally toward a kind of happiness that actually makes us happy. That's the goal of my work. I admire unvarnished honesty, which is scarce. And like everything else that's increasingly scarce, it behooves us to hoard our stash. In the unvarnished...
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Case for indexing Warren Buffet made a compelling case in favor of indexing in the 2021 Berkshire Hathaway’s AGM. In...
5th Feb 2023
49

Case for indexing

from Seeking Wisdom [alt+shift+b] in finance

5th Feb 2023
Warren Buffet made a compelling case in favor of indexing in the 2021 Berkshire Hathaway’s AGM. In 1989, 65% of the top 20 global companies were domiciled in Japan. After three decades, 65% of the top 20 global companies are from the US. No companies from Japan made into the top...
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Buffett Completes Succession Plan Warren Buffett has completed Berkshire's succession plan as he steps down as Chairman.
18th Sep 2026
-3

Buffett Completes Succession Plan

from The Rational Walk [alt+shift+b] in finance

18th Sep 2026
Warren Buffett has completed Berkshire's succession plan as he steps down as Chairman.
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Global Crypto Regulation: Who’s Hot and Who’s Not? Global crypto regulation is confusing. So I surveyed the information available and created a...
25th May 2022
49

Global Crypto Regulation: Who’s Hot and Who’s Not?

from balajis.com [alt+shift+b] in finance

25th May 2022
Global crypto regulation is confusing. So I surveyed the information available and created a heatmap.
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Debanking (and Debunking?) Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for...
9th Dec 2024
117

Debanking (and Debunking?)

from Bits about Money [alt+shift+b] in finance

9th Dec 2024
Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.
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AI Agents vs. SaaS: Is This the Beginning of a Structural Reset or Another Tech Overreaction? Public software companies just had one of their worst weeks in years—and the market reaction was...
9th Feb 2026
1

AI Agents vs. SaaS: Is This the Beginning of a Structural Reset or Another Tech Overreaction?

from Mazdak [alt+shift+b] in finance

9th Feb 2026
Public software companies just had one of their worst weeks in years—and the market reaction was swift, brutal, and emotional.
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Sovereign Ratings, Default Risk and Markets: The Moody's Downgrade Aftermath! I was on a family vacation in August 2011 when I received an email from a journalist asking me what...
2nd Jun 2025
60

Sovereign Ratings, Default Risk and Markets: The Moody's Downgrade Aftermath!

from Musings on Markets [alt+shift+b] in finance

2nd Jun 2025
I was on a family vacation in August 2011 when I received an email from a journalist asking me what I thought about the S&P ratings downgrade for the US. Since I stay blissfully unaware of most news stories and things related to markets when I am on the beach, I had to look up...
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Setting the Business Expertise Series Free Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her...
6th Jun 2023
110

Setting the Business Expertise Series Free

from Commoncog [alt+shift+b] in finance

6th Jun 2023
Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her collaborators.
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Deposit franchises as natural hedges Many observe that banks seem to be blowing up due to predictable consequences of rising interest...
5th May 2023
45

Deposit franchises as natural hedges

from Bits about Money [alt+shift+b] in finance

5th May 2023
Many observe that banks seem to be blowing up due to predictable consequences of rising interest rates. How did we get here?
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Letter to a Young Person Worrying About AI It is a common misperception that you must be able to predict the future to do well. But it’s...
20th Oct 2025
42

Letter to a Young Person Worrying About AI

from Commoncog [alt+shift+b] in finance

20th Oct 2025
It is a common misperception that you must be able to predict the future to do well. But it’s possible to act without prediction, even in the face of AI. This is how.
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A review of Number Go Up, on crypto shenanigans A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether...
29th Sep 2023
54

A review of Number Go Up, on crypto shenanigans

from Bits about Money [alt+shift+b] in finance

29th Sep 2023
A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether specifically.
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Data and the Capital Cycle: How Koch Became an Empire How Koch Industries became an empire. We draw on ideas from both the Becoming Data Driven series and...
11th Dec 2023
112

Data and the Capital Cycle: How Koch Became an Empire

from Commoncog [alt+shift+b] in finance

11th Dec 2023
How Koch Industries became an empire. We draw on ideas from both the Becoming Data Driven series and the Capital Expertise series.
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Why We Shouldn’t “Buy the Dip” “Buying the dip” is buy stocks whenever there is a short-term decline in stock prices, under the...
29th May 2023
22

Why We Shouldn’t “Buy the Dip”

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

29th May 2023
“Buying the dip” is buy stocks whenever there is a short-term decline in stock prices, under the assumption that asset prices will quickly revert, enabling you to make money. This article explains why a government-driven culture of “buying the dip” can be damaging to you and...
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Issue 65 – World Liberty Fiasco Even the most pro-Trump crypto faithful think Trump’s new crypto scheme is a terrible idea.
6th Sep 2024
111

Issue 65 – World Liberty Fiasco

from Citation Needed [alt+shift+b] in finance

6th Sep 2024
Even the most pro-Trump crypto faithful think Trump’s new crypto scheme is a terrible idea.
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It’s Time to Build… Assets? One of the main reasons for the decline in goods and services in the United States, and to a lesser...
28th Mar 2026
1

It’s Time to Build… Assets?

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

28th Mar 2026
One of the main reasons for the decline in goods and services in the United States, and to a lesser extent, the world, is the financialization of our economies by excessive money printing. Let's break that down into simpler language. The quality of the things and services you buy...
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August ’24: From triumph to tragedy Looking back on the month, it was more eventful than Augusts are reputed to be. In the UK we are...
7th Sep 2024
127

August ’24: From triumph to tragedy

from FIRE v London [alt+shift+b] in finance

7th Sep 2024
Looking back on the month, it was more eventful than Augusts are reputed to be. In the UK we are getting used to our new government. And, in some cases, violently testing its boundaries with some summer rioting. We’ve seen some dreadful street behaviour, frequently of a racist /...
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OpenAI Launches GPT‑4.1: What You Need to Know About the New Family of AI Models OpenAI has officially released the GPT‑4.1 family — and it’s more than just a minor upgrade.
14th Apr 2025
65

OpenAI Launches GPT‑4.1: What You Need to Know About the New Family of AI Models

from Mazdak [alt+shift+b] in finance

14th Apr 2025
OpenAI has officially released the GPT‑4.1 family — and it’s more than just a minor upgrade.
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Minimal Impact to Insurers from Icelandic Volcano Eruption At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull...
11th Aug 2026
1

Minimal Impact to Insurers from Icelandic Volcano Eruption

from The Rational Walk [alt+shift+b] in finance

11th Aug 2026
At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull volcano have been lifted throughout Europe.
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The Trial: How I lost $1 million dollars and 7 years in a lawsuit over Brain Flakes I thought I was good. Until I met Sol. Solomon Rosengarten is a lawyer from Brooklyn. He has an AOL...
25th Nov 2025
2

The Trial: How I lost $1 million dollars and 7 years in a lawsuit over Brain Flakes

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

25th Nov 2025
I thought I was good. Until I met Sol. Solomon Rosengarten is a lawyer from Brooklyn. He has an AOL email address. He is not great with the mute button on his phone. He sometimes comes across as incompetent. But, he is the best damned lawyer I have ever known. Sol is a killer....
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Chinese Labor Isn't Just Cheaper; It’s Better. We Need to Fix That. A famous newspaper asked me to write an opinion article. But every time I submitted a draft, they'd...
25th Dec 2025
1

Chinese Labor Isn't Just Cheaper; It’s Better. We Need to Fix That.

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

25th Dec 2025
A famous newspaper asked me to write an opinion article. But every time I submitted a draft, they'd edit it, changing the message of the piece, even though the article was meant to be my opinion. Most people would have consented to the edits to have the honor of being in the...
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Feb ’25: The top comes off What’s in the news? The Trump, is in the news. He gets more than enough coverage without me adding...
15th Mar 2025
61

Feb ’25: The top comes off

from FIRE v London [alt+shift+b] in finance

15th Mar 2025
What’s in the news? The Trump, is in the news. He gets more than enough coverage without me adding to it. From the point of view of what affects portfolios like mine, a few things happened What’s going on with me? My personal life was quite busy in February. I visited the UK city...
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Greg Abel’s 2026 Letter to Shareholders Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the...
2nd Mar 2026
1

Greg Abel’s 2026 Letter to Shareholders

from The Rational Walk [alt+shift+b] in finance

2nd Mar 2026
Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the company's unique culture.
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What Kills Cartels? Plus! Diff Jobs; Strategic Investments; Media Form Factors; Fees; Critical Minerals; Brand Names
2nd Feb 2026
0

What Kills Cartels?

from The Diff [alt+shift+b] in finance

2nd Feb 2026
Plus! Diff Jobs; Strategic Investments; Media Form Factors; Fees; Critical Minerals; Brand Names
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Anatomy of a credit card rewards program Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
29th Mar 2024
113

Anatomy of a credit card rewards program

from Bits about Money [alt+shift+b] in finance

29th Mar 2024
Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
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How to Improve at Sensemaking AI? What we can learn from the disorienting changes hitting the software industry, and how we can use...
3rd May 2026
1

How to Improve at Sensemaking AI?

from Commoncog [alt+shift+b] in finance

3rd May 2026
What we can learn from the disorienting changes hitting the software industry, and how we can use that to improve at sensemaking this uncertain new technology.
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An Ode to Restraint: Lessons from the Tim Cook Legacy Through time, we have glorified conquerors and empire builders in politics, civic life and business,...
6th May 2026
1

An Ode to Restraint: Lessons from the Tim Cook Legacy

from Musings on Markets [alt+shift+b] in finance

6th May 2026
Through time, we have glorified conquerors and empire builders in politics, civic life and business, from Alexander the Great and Genghis Khan to the tech titans of today. That is no surprise, since these individuals have oversized personas and often change the course of history,...
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Setting Up For The Second Half of 2024 A new set of cases for two concept sequences, and the end of the Data Driven Series.
19th May 2024
178

Setting Up For The Second Half of 2024

from Commoncog [alt+shift+b] in finance

19th May 2024
A new set of cases for two concept sequences, and the end of the Data Driven Series.
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Issue 50 – Bitcoin busts Governments seize huge quantities of bitcoin, and a few people seem to be yearning for the days of...
2nd Feb 2024
131

Issue 50 – Bitcoin busts

from Citation Needed [alt+shift+b] in finance

2nd Feb 2024
Governments seize huge quantities of bitcoin, and a few people seem to be yearning for the days of peak crypto mania.
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Data Update 4 for 2026: The Global Perspective! If you have read my first three data updates in 2026, I won’t blame you if you skip this one,...
2nd Feb 2026
1

Data Update 4 for 2026: The Global Perspective!

from Musings on Markets [alt+shift+b] in finance

2nd Feb 2026
If you have read my first three data updates in 2026, I won’t blame you if you skip this one, because you found them long and boring. I won't take issue with you either if you viewed them as too US-focused, because I did spend my second data update, looking at US equities, and my...
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Imperfectly Enforced Rules Create Bad Local Maxima Plus! Ads; Marketing; Pricing; Take Rates; SPVs
1st Sep 2026
1

Imperfectly Enforced Rules Create Bad Local Maxima

from The Diff [alt+shift+b] in finance

1st Sep 2026
Plus! Ads; Marketing; Pricing; Take Rates; SPVs
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Feb ’26: Before Iran So, for the avoidance of doubt, the end of the month is the last trading day of the month. Which for...
16th Mar 2026
1

Feb ’26: Before Iran

from FIRE v London [alt+shift+b] in finance

16th Mar 2026
So, for the avoidance of doubt, the end of the month is the last trading day of the month. Which for February, meant Friday February 27th. The fact that the Israelis and the Americans invaded Iran on February 28th is going to impact March, not February. Which is just as well...
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The Fiacracy; A Mental Model for Modern Government This article will explain the following: 1. What is a Fiacracy 2. How do Fiacracies NOT work 3. How...
10th Aug 2024
50

The Fiacracy; A Mental Model for Modern Government

from Molson Hart's Blog - Molson Hart [alt+shift+b] in finance

10th Aug 2024
This article will explain the following: 1. What is a Fiacracy 2. How do Fiacracies NOT work 3. How Fiacracies work 4. Are Fiacracies sustainable 5. Why Fiacracies matter 1. What is a fiacracy? It’s government by fiat (money). The driving mechanism by which it works is not...
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Understanding the Stock Market Cycle The stock market cycle is a crucial concept for investors aiming to navigate the financial markets...
7th Jun 2024
144

Understanding the Stock Market Cycle

from Mazdak [alt+shift+b] in finance

7th Jun 2024
The stock market cycle is a crucial concept for investors aiming to navigate the financial markets effectively. It represents the period from a market low to a peak and back again. Understanding the dynamics behind these cycles can help investors maintain their strategies during...
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Longreads + Open Thread Funds, Slop, Schools, Lookism, Automation, Bots, Efficiency, Magnitogorsk
1st Aug 2026
2

Longreads + Open Thread

from The Diff [alt+shift+b] in finance

1st Aug 2026
Funds, Slop, Schools, Lookism, Automation, Bots, Efficiency, Magnitogorsk
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Meta's Fake AI Profiles, the TikTok Ban, Telegram Updates, and Microsoft's $80 Billion AI Investment... Meta's AI Experiment: What Went Wrong?
4th Jan 2025
77

Meta's Fake AI Profiles, the TikTok Ban, Telegram Updates, and Microsoft's $80 Billion AI Investment This Year...

from Mazdak [alt+shift+b] in finance

4th Jan 2025
Meta's AI Experiment: What Went Wrong?
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Issue 54 – Cases continue Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two...
2nd Apr 2024
143

Issue 54 – Cases continue

from Citation Needed [alt+shift+b] in finance

2nd Apr 2024
Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two other cases against crypto companies have survived motions to dismiss.
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Feb ’23: taking profits February was cold, but mercifully dry. The days are becoming a welcome bit longer. London is filling...
14th Mar 2023
70

Feb ’23: taking profits

from FIRE v London [alt+shift+b] in finance

14th Mar 2023
February was cold, but mercifully dry. The days are becoming a welcome bit longer. London is filling up again, post covid, though Mondays and Fridays remain subdued to put it mildly. Market movements in February In the markets, February started strongly, but then something...
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