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balajis.com
Gil Duran Faked A Quote For the New Republic Then they stealth edited the piece. They knew they'd committed libel.
8 months ago
Mazdak
The Ultimate Small Business Hiring Guide How to Find the Right Fit for Your Team
2 months ago
Seeking Wisdom
Stay the course I spend a couple of weeks every February keeping up with my investments, timing it to coincide with...
10 months ago
96
10 months ago
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...
Musings on Markets
In Search of Safe Havens: The Trust Deficit and Risk-free Investments! In every introductory finance class, you begin with the notion of a risk-free investment, and the...
a year ago
15
a year ago
In every introductory finance class, you begin with the notion of a risk-free investment, and the rate on that investment becomes the base on which you build, to get to expected returns on risky assets and investments. In fact, the standard practice that most analysts and...
Calculated Risk
Weekly Initial Unemployment Claims Decrease to 219,000 The DOL reported: seasonally adjusted initial claims was 219,000, a decrease of 1,000 from the...
a week ago
11
a week ago
The DOL reported: seasonally adjusted initial claims was 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. The 4-week moving average was 226,500, an increase of 1,000 from the previous week's unrevised average of 225,500. emphasis added The...
balajis.com
The Balaji Newsletter A single place for all updates at balajis.com
a year ago
Calculated Risk
Housing Starts Decreased to 1.289 million Annual Rate in November Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.289 million...
2 weeks ago
14
2 weeks ago
Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.289 million Annual Rate in November A brief excerpt: Total housing starts in November were below expectations, however, starts in September and October were revised up slightly, combined. Total...
Moneyness
How would a cash-only central bank conduct monetary policy? What role do changes in the supply of banknotes play in contributing to a central bank's ability to...
a year ago
54
a year ago
What role do changes in the supply of banknotes play in contributing to a central bank's ability to carry out monetary policy? Put differently, to what degree does "printing," or creating new physical currency and issuing it into the economy, contribute to generating a central...
Calculated Risk
Hotels: Occupancy Rate increased Year-over-year From STR: U.S. hotel results for week ending 21 December The U.S. hotel industry reported positive...
4 days ago
4
4 days ago
From STR: U.S. hotel results for week ending 21 December The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 21 December. ... 15-21 December 2024 (percentage change from comparable week in 2023): Occupancy:...
Calculated Risk
Question #6 for 2025: What will the Fed Funds rate be in December 2025? Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of...
5 days ago
4
5 days ago
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...
Mazdak
How to Start a Cleaning Company Without Cleaning The cleaning industry is a booming one, with the global market size expected to reach $690 billion...
a year ago
13
a year ago
The cleaning industry is a booming one, with the global market size expected to reach $690 billion by 2026. This growth is being driven by a number of factors, including the increasing number of dual-income households, the growing popularity of Airbnb, and the rising demand for...
Commoncog
Renaming the Business Expertise Triad Renaming the business expertise triad from Supply/Demand/Capital to the simpler ...
a year ago
14
a year ago
Renaming the business expertise triad from Supply/Demand/Capital to the simpler Operations/Market/Capital.
Citation Needed
When did cryptocurrency policy become a voter issue? I don’t believe that it has.
5 months ago
Calculated Risk
Ten Economic Questions for 2025 Here is a review of the Ten Economic Questions for 2024. I'll follow up with some thoughts on each...
a week ago
12
a week ago
Here is a review of the Ten Economic Questions for 2024. I'll follow up with some thoughts on each of these questions. We can assume the 2017 Tax Cuts and Jobs Act (TCJA) will be extended.  That larger tariffs will be imposed on some imports, and there will be some...
Mazdak
Google Pays $700 Million to Settle App Store Antitrust Concerns Google has agreed to pay a hefty $700 million and implement key changes to its Play Store, settling...
a year ago
31
a year ago
Google has agreed to pay a hefty $700 million and implement key changes to its Play Store, settling a major antitrust lawsuit brought by a coalition of states. This landmark deal marks a significant victory for developers and consumers alike, potentially paving the way for a more...
Moneyness
Where now FedNow? Earlier this month the Federal Reserve introduced its new instant retail payments system, FedNow....
a year ago
13
a year ago
Earlier this month the Federal Reserve introduced its new instant retail payments system, FedNow. This is actually the U.S.'s second real-time retail settlement system. The first, The Clearing House's Real Time Payments Network, or RTP, opened for business back in 2017. As FedNow...
Commoncog
The Limits of Operational Excellence An answer to a puzzle: why is that some businesses go down the Deming path, become data driven,...
8 months ago
106
8 months ago
An answer to a puzzle: why is that some businesses go down the Deming path, become data driven, achieve operational excellence, and die, and others acquire Process Power and win?
The Rational Walk
The Digest #168 Charles F. Feeney's philanthropy, Howard Marks makes the case for credit, Spin-offs, Birkenstock's...
a year ago
15
a year ago
Charles F. Feeney's philanthropy, Howard Marks makes the case for credit, Spin-offs, Birkenstock's IPO, Costco's clothing, Todd Combs interview, Equifax, and more ...
Calculated Risk
Weekly Initial Unemployment Claims Increase to 242,000 The DOL reported: emphasis added The following graph shows the 4-week moving average of weekly...
3 weeks ago
10
3 weeks ago
The DOL reported: emphasis added The following graph shows the 4-week moving average of weekly claims since 1971. Click on graph for larger image. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to...
Seeking Wisdom
It’s a treasure trove of health insights! Use Insulin wisely Life on Earth started simple. For nearly 2 billion years, tiny single-celled...
2 months ago
37
2 months ago
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...
Musings on Markets
Reaping the Whirlwind: A September 2022 Inflation Update! In my early 2021 posts on inflation, I argued that while the higher inflation that we were just...
over a year ago
15
over a year ago
In my early 2021 posts on inflation, I argued that while the higher inflation that we were just starting to see could be explained by COVID and supply chain issues, prudence on the part of policy makers required that it be taken as a long term threat and dealt with quickly. Not...
Calculated Risk
Schedule for Week of December 22, 2024 Happy Holidays and Merry Christmas! ----- Monday, December 23rd ----- 8:30 AM: Chicago Fed National...
a week ago
17
a week ago
Happy Holidays and Merry Christmas! ----- Monday, December 23rd ----- 8:30 AM: Chicago Fed National Activity Index for November. This is a composite index of other data. ----- Tuesday, December 24th ----- 8:30 AM: Durable Goods Orders for November.  The consensus is for a 0.4%...
Commoncog
Business Ecosystem Change Takes Time The birth of Sony, and the possibility that private corporations and private individuals can change...
6 months ago
85
6 months ago
The birth of Sony, and the possibility that private corporations and private individuals can change broader business ecosystems.
Moneyness
How is the foreign expansion of Canadian banks going? With the high profile nixing of TD Bank's purchase of First Horizon Bank last month, I thought I'd...
a year ago
14
a year ago
With the high profile nixing of TD Bank's purchase of First Horizon Bank last month, I thought I'd take a step back and try to visualize the last few decades of Canadian bank expansion outside of the country. What I've done is go through the annual reports of the big-5 banks at...
The Rational Walk
Berkshire Hathaway Energy’s Uncertain Future Warren Buffett's concerns about the regulatory climate for the utility industry has negative...
9 months ago
26
9 months ago
Warren Buffett's concerns about the regulatory climate for the utility industry has negative implications for PacifiCorp and BHE's other subsidiaries.
Moneyness
Tornado Cash un-OFAC'ed The next chapter in the Tornado Cash saga just dropped. Last week a court ruled last that Tornado...
4 weeks ago
22
4 weeks ago
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...
FIRE v London
Sep 23: Antisocial markets For some reason shoplifting is in the news. There’s evidently an epidemic of it. Not just in the UK,...
a year ago
68
a year ago
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...
FIRE v London
The richest person you know What’s it like to be in the top 1%? According to the statistics, most of the readers of my blog are...
a year ago
98
a year ago
What’s it like to be in the top 1%? According to the statistics, most of the readers of my blog are among the highest earning and/or richest people in the UK. I bet however that not many of you feel that way. Let’s start with income To be in the top 1% of earnings in… Continue...
Moneyness
Why bitcoiners should learn to accept bitcoin's ponzi nature as a good thing When I describe bitcoin as a type of ponzi or pyramid, idealistic bitcoiners usually view this as an...
a year ago
12
a year ago
When I describe bitcoin as a type of ponzi or pyramid, idealistic bitcoiners usually view this as an attack on the nobility of the bitcoin project. But they shouldn't. Bitcoin's ponzi nature is one of its greatest strength. Imagine that you are trying to bootstrap an unorthodox...
Seeking Wisdom
Attention is all you need – Part 1 This is the 10th post in my series on building a toy GPT. Read my earlier posts first for better...
a year ago
112
a year ago
This is the 10th post in my series on building a toy GPT. Read my earlier posts first for better understanding. I asked ChatGPT to complete the sentence given the phrase: “I chose that bank for”. It completed the sentences sensibly. Here are the four sentences it generated: In...
Mazdak
A Look at the Struggling Office Sector in the US The Covid-19 pandemic may be largely in the rearview mirror, but there is at least one area of the...
a year ago
65
a year ago
The Covid-19 pandemic may be largely in the rearview mirror, but there is at least one area of the economy that remains ill: the office sector of the U.S. commercial real-estate market. ** What's the Problem?** Hybrid/remote work: What began as a two-week work-from-home...
Calculated Risk
PCE Measure of Shelter Decreases to 4.8% YoY in November Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE...
a week ago
12
a week ago
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through November 2024. CPI Shelter was up 4.8% year-over-year in November, down from 4.9% in October, and down from the cycle peak of 8.2% in March...
Mazdak
The 4% Rule: A Guide to Retirement Withdrawals, Not a Golden Ticket For many approaching retirement, the question of "how much can I safely withdraw?" looms large....
9 months ago
76
9 months ago
For many approaching retirement, the question of "how much can I safely withdraw?" looms large. Enter the 4% rule, a popular guideline that suggests retirees can withdraw 4% of their retirement savings in the first year and adjust for inflation thereafter. But is it a guaranteed...
Bits about Money
Fiction and Finance Recommendations of works of fiction of interest to financial practitioners or enthusiasts.
2 months ago
Commoncog
There Is No Truth in Business, Only Knowledge 'Knowledge' here is defined as 'theories or models that help you predict better'. How an idea from...
a year ago
61
a year ago
'Knowledge' here is defined as 'theories or models that help you predict better'. How an idea from W. Edwards Deming may well be a working philosophy of business.
Musings on Markets
Catastrophic Risk: Investing and Business Implications In the context of valuing companies, and sharing those valuations, I do get suggestions from readers...
10 months ago
90
10 months ago
In the context of valuing companies, and sharing those valuations, I do get suggestions from readers on companies that I should value next. While I don't have the time or the bandwidth to value all of the suggested companies, a reader from Iceland, a couple of weeks ago, made a...
Mazdak
Adobe Scraps $20 Billion Figma Deal Adobe's blockbuster $20 billion bid for Figma, the web-based design darling, is officially off the...
a year ago
58
a year ago
Adobe's blockbuster $20 billion bid for Figma, the web-based design darling, is officially off the table! This dramatic pivot throws a spotlight on the tightening grip of global regulators on tech mergers, leaving investors and industry players to wonder:
Bits about Money
BAM is now reader-supported Bits about Money now offers paid memberships. (Plus, a bonus essay on newsletter financial...
a year ago
11
a year ago
Bits about Money now offers paid memberships. (Plus, a bonus essay on newsletter financial infrastructure.)
FIRE v London
June ’23: The hottest ever June saw UK’s former PM Mr Johnson leave parliament. Good riddance. I suspect we haven’t seen or...
a year ago
23
a year ago
June saw UK’s former PM Mr Johnson leave parliament. Good riddance. I suspect we haven’t seen or (definitely) read the last of him but having him out of Westminster is at least a bit safer than him inside. Closer to (my Coastal Folly) home, there has been a sad story in...
The Rational Walk
Too Clever by Half! The temptation to trade in the stock market can be overwhelming, especially when prices are moving...
10 months ago
22
10 months ago
The temptation to trade in the stock market can be overwhelming, especially when prices are moving quickly. It's useful to ask, "What would Charlie Munger say?"
Calculated Risk
Case-Shiller: National House Price Index Up 3.6% year-over-year in October Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up...
3 days ago
2
3 days ago
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 3.6% year-over-year in October S&P/Case-Shiller released the monthly Home Price Indices for October ("October" is a 3-month average of August, September and October closing prices). ...
Mazdak
Anthropic's AI Breakthrough & Boeing's Q3 Disaster Boeing's Q3 earnings report reveals a massive loss, while Anthropic's Claude AI showcases...
2 months ago
16
2 months ago
Boeing's Q3 earnings report reveals a massive loss, while Anthropic's Claude AI showcases mind-blowing new capabilities.
Citation Needed
Issue 67 – Bug out bitcoin Crypto resurfaces on the campaign trail and the FTX fallout continues to unfold. Also, merch!
3 months ago
Mazdak
How to Use Pain to Fuel Your Personal Evolution Pain is inevitable, especially if you're chasing ambitious goals. But what if I told you that pain...
a year ago
27
a year ago
Pain is inevitable, especially if you're chasing ambitious goals. But what if I told you that pain can be a powerful tool for personal evolution? When you're feeling pain, it's a sign that you need to find a solution. This is an opportunity to learn and grow. If you can develop a...
Calculated Risk
NAR: Existing-Home Sales Increased to 4.15 million SAAR in November From the NAR: Existing-Home Sales Elevated 4.8% in November; Post Strongest Year-Over-Year Increase...
2 weeks ago
12
2 weeks ago
From the NAR: Existing-Home Sales Elevated 4.8% in November; Post Strongest Year-Over-Year Increase Since June 2021 Existing-home sales grew in November, according to the National Association of Realtors®. Sales advanced in three major U.S. regions and remained steady in the...
Mazdak
The Shadow Bankers Rise: Private Credit Fuels M&A in a Turbulent Market While 2023 witnessed a 6% dip in US M&A value, a silent force has emerged as the lifeblood of...
a year ago
27
a year ago
While 2023 witnessed a 6% dip in US M&A value, a silent force has emerged as the lifeblood of deal-making in this uncertain market: private credit. Stepping in where traditional bank financing hesitates, private credit has carved a niche with its nimble agility and diverse tools.
The Rational Walk
Warren Buffett on Inflation — Part 3 During periods of high inflation, capital-light businesses have important advantages. See's Candies...
a year ago
52
a year ago
During periods of high inflation, capital-light businesses have important advantages. See's Candies during the Great Inflation of the 1970s and early 1980s is a perfect case study.
Commoncog
Focus Is Saying No To Good Ideas Several stories about one of the hardest maxims to put to practice in business.
over a year ago
Citation Needed
Issue 62 – Grassroots Coinbase’s Stand With Crypto Alliance fudges the numbers, a (former) crypto industry CEO has a...
5 months ago
68
5 months ago
Coinbase’s Stand With Crypto Alliance fudges the numbers, a (former) crypto industry CEO has a meltdown, and another exchange suffers a nine-figure hack.
Mazdak
Nearly All US Job Growth in November Came From Just 3 Sectors! Did you know? The US economy added 199,000 jobs in November, slightly more than expected. But what's...
a year ago
26
a year ago
Did you know? The US economy added 199,000 jobs in November, slightly more than expected. But what's even more interesting is that nearly all of this job growth came from just three sectors! So, which sectors are we talking about? Healthcare: Leading the pack with a steady demand...
The Rational Walk
The Dividend Signal Mature technology companies are establishing regular quarterly dividends. Is this a positive or...
8 months ago
90
8 months ago
Mature technology companies are establishing regular quarterly dividends. Is this a positive or negative development for shareholders?
Seeking Wisdom
From Linear to Logistic – Sigmoid Curve and Log Loss Can we predict the likelihood of heart disease from sleep and exercise? This is my fourth post on my...
a year ago
60
a year ago
Can we predict the likelihood of heart disease from sleep and exercise? This is my fourth post on my journey to build a toy GPT. I’d recommend checking out my previous posts before diving into this one. Let’s train a model to predict heart disease using sleep and exercise data....
Musings on Markets
Breach of Trust: Decoding the Banking Crisis In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen,...
a year ago
12
a year ago
In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by...
The Rational Walk
The Digest #206 The Trust Deficit, EU Regulations, Medicare Advantage scams, Munger soldiered on, The cult of...
5 months ago
82
5 months ago
The Trust Deficit, EU Regulations, Medicare Advantage scams, Munger soldiered on, The cult of Silicon Valley, Self-esteem and outer scorecards, MMT's founder is worried about deficits
Mazdak
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...
a year ago
49
a year ago
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...
The Rational Walk
The Digest #187 Damage repair, Claude Shannon, Elon Musk's pay, Intellectual obesity, Apple Vision Pro, Ignoring the...
11 months ago
68
11 months ago
Damage repair, Claude Shannon, Elon Musk's pay, Intellectual obesity, Apple Vision Pro, Ignoring the market, Damodaran data updates, Apple packaging, Samsung, Big Pharma
Citation Needed
Video: The charges against Binance In December, not long after the Department of Justice announced charges against cryptocurrency giant...
11 months ago
65
11 months ago
In December, not long after the Department of Justice announced charges against cryptocurrency giant Binance and its CEO Changpeng "CZ" Zhao, I started writing up an overview of everything that had happened to the company over the past few years. I'd written separately about a...
The Rational Walk
The Digest #221 Bezos on Media Bias, Marks on Asset Allocation, Moral Hazard, Meta's AI Prospects, Vision Pro:...
2 months ago
30
2 months ago
Bezos on Media Bias, Marks on Asset Allocation, Moral Hazard, Meta's AI Prospects, Vision Pro: Success or Failure?, Berkshire in the 1960s, Whole Foods, Black Diamond, Merck, Wormholes
Mazdak
The Rollercoaster Ride of Long-Term Rates: What it Means for You and the Economy Remember that dramatic rise in long-term interest rates back in September and October? The one that...
a year ago
26
a year ago
Remember that dramatic rise in long-term interest rates back in September and October? The one that had everyone from policymakers to financial analysts glued to their screens? Well, guess what? It's mostly reversed! What does this mean? In a nutshell, it means a sigh of relief...
Mazdak
Yelp's Transformation: From Review Revolution to Advertising Efficiency Yelp, the online review platform that revolutionized local business discovery, has undergone a...
a year ago
41
a year ago
Yelp, the online review platform that revolutionized local business discovery, has undergone a remarkable transformation in recent years. Shifting from a sales-driven model to a self-service advertising engine, Yelp has achieved significant efficiency gains and revitalized its...
Commoncog
When Action Beats Prediction One of the great paradoxes of business is that management is prediction, but entrepreneurship ......
a year ago
118
a year ago
One of the great paradoxes of business is that management is prediction, but entrepreneurship ... isn't. What a theory of expertise in entrepreneurship tells us about creating new things in business.
The Rational Walk
The Digest #200 Jefferson's advice to his nephew, Inside a Baby Berkshire, Windows Copilot, Hot utility stocks,...
7 months ago
75
7 months ago
Jefferson's advice to his nephew, Inside a Baby Berkshire, Windows Copilot, Hot utility stocks, Appnesia, Stress and heart disease, Steve Jobs, Flying Cars, Dunkirk, Napoleon
Moneyness
The strange new world of multifunctional assets I would never own it, but the cryptocurrency BNB is probably one of the strangest most interesting...
a year ago
16
a year ago
I would never own it, but the cryptocurrency BNB is probably one of the strangest most interesting assets I've ever analyzed. No other asset (perhaps ever?) provides its owner with so much functionality.  Is the sort of multi-functionality offered by assets like BNB a feature...
Seeking Wisdom
What I learned from Prof. Sanjay Bakshi’s Behavioral Economics Course at FLAME University I had the privilege to attend Prof. Sanjay Bakshi’s Behavioral Economics course at FLAME University....
over a year ago
7
over a year ago
I had the privilege to attend Prof. Sanjay Bakshi’s Behavioral Economics course at FLAME University. Being his student since 2011, I realized my dream by sitting in his class for 3.5 days. Prof. Bakshi taught us around 20 different models from Charlie Munger’s Psychology of Human...
Calculated Risk
Retail Sales Increased 0.7% in November On a monthly basis, retail sales increased 0.7% from October to November (seasonally adjusted), and...
2 weeks ago
17
2 weeks ago
On a monthly basis, retail sales increased 0.7% from October to November (seasonally adjusted), and sales were up 3.8 percent from November 2023. report: Advance estimates of U.S. retail and food services sales for November 2024, adjusted for seasonal variation and holiday and...
Mazdak
Decentralization Debate: Unpacking Bluesky's Architecture Is Bluesky REALLY decentralized? Join us as we analyze Bluesky's architecture and discuss whether it...
a month ago
29
a month ago
Is Bluesky REALLY decentralized? Join us as we analyze Bluesky's architecture and discuss whether it truly lives up to the hype.
Commoncog
Lesley Sim on Skill Acceleration in Ultimate Cedric talks to Lesley Sim about her experience coaching the Singaporean Ultimate Women's World...
a year ago
83
a year ago
Cedric talks to Lesley Sim about her experience coaching the Singaporean Ultimate Women's World Championship Team in 2020, her approach to skill acceleration, and why a teaching technique designed for dogs and dolphins works just as well on humans!
The Rational Walk
The Digest #199 Daily Journal reduces leverage, iPad Pro vs. MacBooks, Independent platforms, Berkshire Hathaway's...
7 months ago
50
7 months ago
Daily Journal reduces leverage, iPad Pro vs. MacBooks, Independent platforms, Berkshire Hathaway's annual meeting, A long run perspective, the parent-therapy trap
Seeking Wisdom
Attention is all you need – Part 2 This is the 11th and final post in my series on building a toy GPT. Read my earlier posts first for...
a year ago
61
a year ago
This is the 11th and final post in my series on building a toy GPT. Read my earlier posts first for better understanding. I concluded the previous post by explaining how Attention works. You can download the Excel sheet and Python code that explains how Attention from here and...
Mazdak
The "Buy, Borrow, Die" Strategy: How the Wealthy Avoid Taxes The wealthy have a secret weapon when it comes to taxes: the "buy, borrow, die" strategy. This...
a year ago
8
a year ago
The wealthy have a secret weapon when it comes to taxes: the "buy, borrow, die" strategy. This strategy allows them to avoid capital gains taxes, interest payments, and estate taxes. Here's how it works: Buy assets and hold them. This could be anything from real estate to stocks...
Mazdak
5 best investments during high interest rates Interest rates are rising, and that means it's time to rethink your investment strategy. When...
a year ago
15
a year ago
Interest rates are rising, and that means it's time to rethink your investment strategy. When interest rates rise, the value of existing bonds declines, and stocks can become more volatile. However, there are still a number of investments that can perform well in a high interest...
Commoncog
Focus Doesn't Mean Doing One Thing at a Time Focus may be about saying no to good ideas, but it certainly doesn't mean doing one thing at a time....
over a year ago
63
over a year ago
Focus may be about saying no to good ideas, but it certainly doesn't mean doing one thing at a time. This is what focus looks like at an organisational level, told through the story of a business turnaround and the Marine Corps approach to war.
Musings on Markets
The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications! As I reveal my ignorance about TikTok trends, social media celebrities and Gen Z slang, my children...
4 months ago
77
4 months ago
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...
Mazdak
Can Quantum Break Crypto? Trump to Rescue TikTok? Tech in Defence ... Google’s Quantum Breakthrough: Should Crypto Be Worried?
a week ago
Mazdak
Canadian Real Estate Market Predictions for 2024 As we enter the year 2024, the Canadian real estate market presents a unique landscape for...
a year ago
28
a year ago
As we enter the year 2024, the Canadian real estate market presents a unique landscape for investors. While the explosive growth of recent years is likely to abate, a multitude of factors will continue to shape the market's trajectory. Understanding these factors is crucial for...
balajis.com
The Fiat Crisis This is not a financial crisis. It’s a fiat crisis.
a year ago
Calculated Risk
Q4 GDP Tracking: 2.4% to 3.1% From Goldman: Following this morning’s data, we left our Q4 GDP tracking estimate unchanged at 2.4%...
a week ago
11
a week ago
From Goldman: Following this morning’s data, we left our Q4 GDP tracking estimate unchanged at 2.4% (quarter-over-quarter annualized) and our Q4 domestic final sales forecast unchanged at +2.3% [Dec 20th estimate] emphasis added And from the Atlanta Fed: GDPNow The GDPNow model...
Mazdak
Twitter vs. Instagram Threads: The Battle for the Short-Form Social Media Crown Twitter and Instagram are two of the most popular social media platforms in the world. They both...
a year ago
15
a year ago
Twitter and Instagram are two of the most popular social media platforms in the world. They both offer users a way to share short-form content, but they have different approaches to how that content is displayed and consumed. Twitter is a more public platform, where anyone can...
The Rational Walk
Thucydides Thucydides is best known for his extensive history of the Peloponnesian War which took place between...
4 months ago
51
4 months ago
Thucydides is best known for his extensive history of the Peloponnesian War which took place between 431 - 404 BC.
The Rational Walk
The Digest #175 Pseudonyms on social media, Superinvestor portfolios, Apple Vision Pro, Gates on AI, 40% discount...
a year ago
27
a year ago
Pseudonyms on social media, Superinvestor portfolios, Apple Vision Pro, Gates on AI, 40% discount rates, Evolving moats, Jay Gould, Garry Tan, Milton Friedman, Ayn Rand, Steve Ells
Calculated Risk
Housing Dec 23rd Weekly Update: Inventory down 2.2% Week-over-week, Up 26.3% Year-over-year Altos reports that active single-family inventory was down 2.2% week-over-week.  Inventory is now...
a week ago
13
a week ago
Altos reports that active single-family inventory was down 2.2% week-over-week.  Inventory is now 9.7% below the peak for the year (9 weeks ago). Inventory will continue to decline seasonally until early next year and probably bottom in January or February. The first graph...
Mazdak
Mastering Twitter/X Growth: Strategies to Skyrocket Your Follower Count Twitter/X stands as one of the leading platforms for sharing ideas, connecting with others, and...
a year ago
9
a year ago
Twitter/X stands as one of the leading platforms for sharing ideas, connecting with others, and building your personal brand. With the right strategies, you can transform your Twitter presence into a thriving community of engaged followers. In this blog post, I'll dive into...
Calculated Risk
Freddie Mac House Price Index Increased in November; Up 4.0% Year-over-year Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in...
9 hours ago
1
9 hours ago
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in November; Up 4.0% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.56% month-over-month on a seasonally adjusted (SA)...
Mazdak
DOJ Breaks Up Google, Elden Ring Sold, and Windows Goes Meta The DOJ is swinging a massive hammer at Google, potentially forcing them to sell off Chrome - will...
a month ago
23
a month ago
The DOJ is swinging a massive hammer at Google, potentially forcing them to sell off Chrome - will the internet ever be the same?
The Rational Walk
Warren Buffett on Inflation — Part 1 This article presents lessons learned regarding investing in bonds based on Warren Buffett's...
a year ago
14
a year ago
This article presents lessons learned regarding investing in bonds based on Warren Buffett's commentary in his final partnership letters written in 1969 and 1970.
Musings on Markets
Data Update 2 for 2023: A Rocky Year for Equities! It is the nature of stocks that you have good years and bad ones, and much as we like to forget...
a year ago
17
a year ago
It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don't always win, even...
Commoncog
The Secret at the Heart of Continuous Improvement Continuous Improvement sounds simple, even obvious. And yet there's a profound secret at its heart...
8 months ago
83
8 months ago
Continuous Improvement sounds simple, even obvious. And yet there's a profound secret at its heart that doesn't seem to get talked about.
Citation Needed
Issue 59 – Hot damn, this is going to get interesting quickly Are US legislators warming to crypto? The SEC approves Ethereum ETPs, and a crypto bill gets through...
6 months ago
Mazdak
How to Build Wealth: 5 Key Principles Building wealth is a long-term goal that requires time, discipline, and consistency. But it is...
a year ago
12
a year ago
Building wealth is a long-term goal that requires time, discipline, and consistency. But it is possible for anyone who is willing to put in the work. Here are 5 key principles to help you build wealth: Live below your means. This is the single most important thing you can do to...
Moneyness
Why I'm in favor of financial illiteracy I'm not a fan of mandatory investor education classes. The issue was brought up recently by former...
8 months ago
97
8 months ago
I'm not a fan of mandatory investor education classes. The issue was brought up recently by former chair of FDIC, Sheila Bair, who sees such classes as ways to stop future FTX-style disasters. The model of finance I've been using for many years is the fairly dismal dark forest...
Commoncog
Commoncog is Off for the Chinese New Year A quick announcement. Happy Year of the Rabbit everyone!
a year ago
Seeking Wisdom
How a Machine Learns How a fly helped Descartes to invent the Cartesian plane René Descartes (1596 – 1650), the famous...
a year ago
45
a year ago
How a fly helped Descartes to invent the Cartesian plane René Descartes (1596 – 1650), the famous philosopher and mathematician, was lying in his bed, eyes fixed on a fly on the ceiling. As he pondered how to accurately describe the fly’s position, Descartes visualized the...
Mazdak
Four Dumb Things You're Doing That Are Making You Lose Money in the Stock Market Navigating the stock market can be a daunting task, especially for those new to investing. While...
a year ago
53
a year ago
Navigating the stock market can be a daunting task, especially for those new to investing. While there are many strategies that can help you achieve your financial goals, there are also some surefire ways to lose money. Here are four of the most common mistakes investors make:
Calculated Risk
New Home Sales Increase to 664,000 Annual Rate in November The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate...
a week ago
10
a week ago
The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. Sales of new single-family houses in November 2024 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the...
Mazdak
In the AI Race: Embrace Commoditization, Focus on Customer Value The world of AI is a fast-paced and ever-evolving landscape, where startups are constantly vying for...
a year ago
34
a year ago
The world of AI is a fast-paced and ever-evolving landscape, where startups are constantly vying for attention and a slice of the market pie. In this competitive environment, it's easy to get caught up in the pursuit of proprietary components and cutting-edge algorithms,...
Mazdak
OpenAI's Meltdown: A Fight for the Future of AI The recent turmoil at OpenAI, sparked by the abrupt firing of CEO Sam Altman, has far-reaching...
a year ago
27
a year ago
The recent turmoil at OpenAI, sparked by the abrupt firing of CEO Sam Altman, has far-reaching implications for the future of artificial intelligence (AI). OpenAI, known for its groundbreaking ChatGPT technology, is considered a frontrunner in the AI race, and its fate could...
Commoncog
Setting the Business Expertise Series Free Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her...
a year ago
60
a year ago
Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her collaborators.
Citation Needed
AI isn't useless. But is it worth it? AI can be kind of useful, but I'm not sure that a "kind of useful" tool justifies the harm.
8 months ago
The Rational Walk
Berkshire Hathaway’s 2024 Q&A Session Warren Buffett answered over thirty questions in a five hour marathon session in the first annual...
8 months ago
61
8 months ago
Warren Buffett answered over thirty questions in a five hour marathon session in the first annual meeting after Charlie Munger's death.
Moneyness
Why do sanctioned entities use Tether? Tether, a stablecoin, has been in the news for offering sanctioned actors such as Hamas a means to...
a year ago
78
a year ago
Tether, a stablecoin, has been in the news for offering sanctioned actors such as Hamas a means to participate in the global payments ecosystem. In this post I want to explore in more depth how Tether is being used to dodge sanctions. I'm going to avoid drawing on the Hamas...
FIRE v London
June ’24: Election fever June was busy. I travelled more than usual in June. Partly in the UK – visiting Glasgow, the west...
5 months ago
83
5 months ago
June was busy. I travelled more than usual in June. Partly in the UK – visiting Glasgow, the west country, the south coast and the Isle of Wight; partly overseas – I visited Ibiza for a few days of R&R. Meanwhile, the election campaigns were in full swing. Nigel Farage did his...
Citation Needed
Issue 56 – What are you gonna do, arrest me? The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto...
8 months ago
101
8 months ago
The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto criminals. Also, lawmakers take another stab at stablecoin regulation.
Bits about Money
Demystifying financial leverage Leverage is actually reasonably easy to understand, both in the math and in the implications for...
over a year ago
11
over a year ago
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
Bits about Money
Credit cards as a legacy system Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences...
over a year ago
11
over a year ago
Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences in the present day. But change is possible.
The Rational Walk
A Seamless Web of Deserved Trust Trust is earned over many years. Seamless trust requires decades.
a year ago
Calculated Risk
Q3 Update: Delinquencies, Foreclosures and REO Today, in the Calculated Risk Real Estate Newsletter: Q3 Update: Delinquencies, Foreclosures and...
2 weeks ago
11
2 weeks ago
Today, in the Calculated Risk Real Estate Newsletter: Q3 Update: Delinquencies, Foreclosures and REO A brief excerpt: We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage...
Citation Needed
Issue 58 – Threats to the stability and integrity of Ethereum The Justice Department worries about the stability of Ethereum, DCG tries to bilk their subsidiary's...
7 months ago
115
7 months ago
The Justice Department worries about the stability of Ethereum, DCG tries to bilk their subsidiary's creditors, and Biden threatens a crypto veto.
Moneyness
It's time to impose Iran-calibre sanctions on Russia Russia is sometimes described as the world's most sanctioned nation. And while that's true, the long...
12 months ago
80
12 months ago
Russia is sometimes described as the world's most sanctioned nation. And while that's true, the long list of sanctions that the G7 coalition has placed on Russia in response to its attack on Ukraine are surprisingly light compared to the fewer but far more-draconian sanctions...
Moneyness
How PayPal can use stablecoins to avoid AML requirements and make big profits There's a new financial loophole in town: stablecoins. Stablecoins are dollar, yen, or pound-based...
9 months ago
46
9 months ago
There's a new financial loophole in town: stablecoins. Stablecoins are dollar, yen, or pound-based payments platforms that are built using crypto database technology. Financial institutions are always looking for loopholes to game the system. Typically this has meant avoiding...
Mazdak
Working Out Will Change Your Life Do you want to lose weight? Have more energy? Sleep better? Improve your mood? If so, then you need...
a year ago
9
a year ago
Do you want to lose weight? Have more energy? Sleep better? Improve your mood? If so, then you need to start working out. Working out has a myriad of benefits that can improve your life in many ways. Here are just a few of the ways that working out can change your life:
Mazdak
Income Splitting with a Lower-Income Spouse: Strategies and Considerations 🇨🇦 Managing finances effectively is crucial for any couple, and income splitting strategies can be...
10 months ago
35
10 months ago
Managing finances effectively is crucial for any couple, and income splitting strategies can be powerful tools for maximizing tax benefits and building wealth. This article explores various strategies for couples where one spouse earns significantly more than the other,...
Calculated Risk
NAR: Pending Home Sales Increase 2.2% in November; Up 6.9% Year-over-year From the NAR: Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of...
4 days ago
3
4 days ago
From the NAR: Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of Increases Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of REALTORS®....
The Diff
That Top-of-Cycle Feeling Plus! Search; Cost of Capital; Duration; Aggregate Demand; Leaky Restrictions
2 weeks ago
Calculated Risk
December Vehicle Sales Forecast: 16.7 million SAAR, Up 5% YoY From WardsAuto: December U.S. Light-Vehicle Sales Brighten Lackluster Year; Unusually High Drain on...
a week ago
12
a week ago
From WardsAuto: December U.S. Light-Vehicle Sales Brighten Lackluster Year; Unusually High Drain on Inventory (pay content).  Brief excerpt: Improved affordability is the main thrust to the end-of-year improvement in demand, with higher consumer confidence also likely a...
Moneyness
Inflation as a tax Last week I explored how Henry VIII resorted to coin debasement as a way to raise revenues in order...
a year ago
71
a year ago
Last week I explored how Henry VIII resorted to coin debasement as a way to raise revenues in order to fight his wars. This provided Henry with the financial firepower to annex the city of Boulogne from the French in 1544, albeit at the price of England experiencing one of its...
Citation Needed
Issue 68 – Opportunity agenda Harris shouts out crypto in her “Opportunity Agenda for Black Men”, one crypto exec leaves prison as...
2 months ago
39
2 months ago
Harris shouts out crypto in her “Opportunity Agenda for Black Men”, one crypto exec leaves prison as another enters, and Stand With Crypto bets on the favorites.
Calculated Risk
4th Look at Local Housing Markets in November Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in...
2 weeks ago
13
2 weeks ago
Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in November A brief excerpt: The NAR is scheduled to release November Existing Home sales tomorrow, Thursday, December 19th at 10:00 AM. The consensus is for 3.97 million SAAR, up from 3.96...
Farnam Street
Learning Through Play Play is an essential way of learning about the world. Doing things we enjoy without a goal in mind...
over a year ago
52
over a year ago
Play is an essential way of learning about the world. Doing things we enjoy without a goal in mind leads us to find new information, better understand our own capabilities, and find unexpected beauty around us. Arithmetic is one example of an area we can explore through play....
Commoncog
The 2023 Commoncog Recap Everything that we covered in 2023, and what to expect now that Commoncog has a new direction.
12 months ago
79
12 months ago
Everything that we covered in 2023, and what to expect now that Commoncog has a new direction.
Seeking Wisdom
Modeling Life: Oscillation This is my 3rd post summarizing the key takeaways I got from reading the book Modeling Life. I...
8 months ago
100
8 months ago
This is my 3rd post summarizing the key takeaways I got from reading the book Modeling Life. I recommend reading my earlier posts first to get a good grounding on the foundations covered in the book. A system can exhibit three different types of behavior: equilibrium,...
Citation Needed
The stones left unturned in the Sam Bankman-Fried trial From billions of mysterious Tethers to the apparent identity theft of Thai sex workers, many...
a year ago
32
a year ago
From billions of mysterious Tethers to the apparent identity theft of Thai sex workers, many questions remain about what happened at Bankman-Fried's crypto empire.
Musings on Markets
The Difference Makers: Key Person(s) Valuation Can one person make a difference to the value of a business? Of course, and with small businesses,...
a year ago
59
a year ago
Can one person make a difference to the value of a business? Of course, and with small businesses, especially those built around personal services (a doctor or plumber’s practice), it is part of the valuation process, where the key person is valued or at least priced and...
Commoncog
Putting Amazon’s PR/FAQ to Practice What it's like putting Amazon's famed Working Backwards process to practice in a small company...
over a year ago
59
over a year ago
What it's like putting Amazon's famed Working Backwards process to practice in a small company context, and what was surprising and difficult about it.
balajis.com
Going Meta Meta may be Android to Apple's Apple.
a year ago
Calculated Risk
The "Home ATM" Mostly Closed in Q3 Today, in the Calculated Risk Real Estate Newsletter: The "Home ATM" Mostly Closed in Q3 A brief...
3 weeks ago
8
3 weeks ago
Today, in the Calculated Risk Real Estate Newsletter: The "Home ATM" Mostly Closed in Q3 A brief excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent...
Calculated Risk
Weekly Initial Unemployment Claims Decrease to 211,000 The DOL reported: seasonally adjusted initial claims was 211,000, a decrease of 9,000 from the...
13 hours ago
1
13 hours ago
The DOL reported: seasonally adjusted initial claims was 211,000, a decrease of 9,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 219,000 to 220,000. The 4-week moving average was 223,250, a decrease of 3,500 from the previous...
The Rational Walk
Berkshire Hathaway Acquires BHE Minority Interests Berkshire Hathaway has acquired the remaining minority interests in BHE from the Scott family and...
3 months ago
31
3 months ago
Berkshire Hathaway has acquired the remaining minority interests in BHE from the Scott family and now is the sole owner of the energy company.
Citation Needed
Issue 49 – And so the Lord says "give them a 10x" Bitcoin ETP approval, God-sent crypto scammers, and more trouble in Justin Sun's world.
11 months ago
Moneyness
Why my favorite coinage is Byzantine coinage What do I like about Byzantine coinage? Most people probably admire the Byzantine solidus, a gold...
10 months ago
94
10 months ago
What do I like about Byzantine coinage? Most people probably admire the Byzantine solidus, a gold coin that maintained its weight and purity for over 600 years, which is quite remarkable for a coin. The solidus was exported all over the world, including to Europe, which lacked...
balajis.com
#3 - The President of Palau Listen now (51 min) | The President of Palau and Balaji discuss how the tiny island country is...
a year ago
13
a year ago
Listen now (51 min) | The President of Palau and Balaji discuss how the tiny island country is becoming a digital leader, experimenting with everything from on-chain identity to drone delivery. Despite having less than 20,000 citizens, Palau is a full UN member state. Its path to...
Commoncog
Commoncog's Next Phase Announcing the launch of the Commoncog Case Library, setting the Learning in Ill-Structured Domains...
a year ago
68
a year ago
Announcing the launch of the Commoncog Case Library, setting the Learning in Ill-Structured Domains series free, and one more thing.
Commoncog
Process Improvement is Trickier Than You Think Most companies skimp on process improvement. But the surprising thing is that they do so not because...
over a year ago
59
over a year ago
Most companies skimp on process improvement. But the surprising thing is that they do so not because they're bad or lazy — but because there are system dynamics that prevent them from doing so. We take a look at what those are.
Citation Needed
Issue 53 – Choose rich Euphoria has risen along with crypto prices, but nothing has changed from the last bubble.
9 months ago
The Rational Walk
What I’ve Been Reading This post is a list of books that I read in the second quarter of 2024, including Aeschylus,...
6 months ago
50
6 months ago
This post is a list of books that I read in the second quarter of 2024, including Aeschylus, Herodotus, the Odyssey, and American Scripture.
Mazdak
Choosing the Optimal Legal Structure for Your Small Business 🇨🇦 Launching a small business is a thrilling entrepreneurial adventure, but selecting the appropriate...
11 months ago
84
11 months ago
Launching a small business is a thrilling entrepreneurial adventure, but selecting the appropriate legal framework can feel like traversing a complex maze. This guide sheds light on the merits and drawbacks of the three primary options: sole proprietorship, partnership, and...
FIRE v London
Sep ’24: Ominous politics, juicy economics September was fairly action-packed. I enjoyed getting out on a friend’s boat around Poole and the...
2 months ago
41
2 months ago
September was fairly action-packed. I enjoyed getting out on a friend’s boat around Poole and the Solent. I made it to the Labour party conference in Liverpool, which was fascinating albeit wet. I am apparently firmly in the tax-raising sights of the Government, but I wasn’t the...
Calculated Risk
Lawler: Interest Rates Since the Federal Reserve Began Cutting Rates From housing economist Tom Lawler: Click on graph for larger image. 10-Year T1PS Yield
a week ago
Moneyness
How to debase the coinage in order to pay for wars Henry VIII, after Hans Holbein the Younger It's fun to imagine traveling back in time and engaging...
a year ago
19
a year ago
Henry VIII, after Hans Holbein the Younger It's fun to imagine traveling back in time and engaging with the then-prevailing technologies. Would you be able to ride a boneshaker or use a counting board? It's probably harder than you think: kids today can't even use a 1980s rotary...
Bits about Money
Deposit franchises as natural hedges Many observe that banks seem to be blowing up due to predictable consequences of rising interest...
a year ago
12
a year ago
Many observe that banks seem to be blowing up due to predictable consequences of rising interest rates. How did we get here?
The Diff
How High Does AI's Revenue Per User Get? Plus! The Challenges of Scaling Challengers; The Reddit Loop; Scaling AI by Doing Things That Don't...
3 weeks ago
10
3 weeks ago
Plus! The Challenges of Scaling Challengers; The Reddit Loop; Scaling AI by Doing Things That Don't Scale Yet; Complete Markets; Legitimacy and Growth
The Rational Walk
The Digest #213 Berkshire's Trillion Dollar Milestone, Will Buffett attempt to acquire Chubb?, Intel's Prospects,...
3 months ago
47
3 months ago
Berkshire's Trillion Dollar Milestone, Will Buffett attempt to acquire Chubb?, Intel's Prospects, Personal Bots, Bitcoin, AI vs. Reality, "Useless" Knowledge, Jay Bowen, Rudy Havenstein
Citation Needed
Become a Wikipedian in 30 minutes What will we do if Wikipedia falls to the type of AI-generated garbage that seems to be...
10 months ago
97
10 months ago
What will we do if Wikipedia falls to the type of AI-generated garbage that seems to be proliferating on the web? The number one thing you can do is learn to edit, and I will walk you through how to get started in only 30 minutes.
Moneyness
A back-of-the-envelope estimate of the size of the US crypto ETF market I'm hearing all sorts of silly projections about how big the U.S. market for a physical crypto ETFs...
a year ago
15
a year ago
I'm hearing all sorts of silly projections about how big the U.S. market for a physical crypto ETFs will be, and how their eventual approval will drive new bitcoin demand and pump its price into the stratosphere. To date, the Securities and Exchange Commission (SEC) has refused...
Mazdak
2024 Tax Changes in Canada: A Detailed Guide for Canadians 💰🇨🇦 The Canadian tax landscape undergoes periodic shifts, and 2024 is no exception. This year,...
a year ago
27
a year ago
The Canadian tax landscape undergoes periodic shifts, and 2024 is no exception. This year, adjustments and updates across various areas present both opportunities and considerations for taxpayers. Let's explore the key changes and consider their potential ramifications.
Calculated Risk
Q4 GDP Tracking: 2.3% to 3.1% From Goldman: We lowered our Q4 GDP tracking estimate by 0.1pp to +2.3% (quarter-over-quarter...
a week ago
5
a week ago
From Goldman: We lowered our Q4 GDP tracking estimate by 0.1pp to +2.3% (quarter-over-quarter annualized). Our Q4 domestic final sales forecast stands at +2.3% (quarter-over-quarter annualized). [Dec 27th estimate] emphasis added And from the Atlanta Fed: GDPNow The GDPNow model...
Commoncog
Becoming Data Driven, From First Principles People often say things like "become data driven" without explaining what that means or how to do...
11 months ago
104
11 months ago
People often say things like "become data driven" without explaining what that means or how to do it. This is everything you need to know to actually become data driven, from scratch, using the same first principles that Amazon, Koch, and Toyota used back in their day.
The Rational Walk
The River of Doubt The amazing story of Theodore Roosevelt's death defying trek through the unmapped rivers and jungles...
10 months ago
52
10 months ago
The amazing story of Theodore Roosevelt's death defying trek through the unmapped rivers and jungles of the Amazon River basin.
The Rational Walk
What I’ve Been Reading This post is a list of books that I read in the third quarter of 2023, most notably Dominion by Tom...
a year ago
38
a year ago
This post is a list of books that I read in the third quarter of 2023, most notably Dominion by Tom Holland and The Path Between the Seas by David McCullough.
balajis.com
The Balaji Chat A forum for balajis.com subscribers.
a year ago
Moneyness
It's time to get rid of "crypto" Call me a pedant, but I'm not a fan of the word "crypto". It may have been a serviceable category...
10 months ago
73
10 months ago
Call me a pedant, but I'm not a fan of the word "crypto". It may have been a serviceable category back in 2011 when there was only one type of crypto thingy – bitcoin. But it's ceased to be a meaningful term and, if anything, it causes a regression in understanding. Source:...
Calculated Risk
Census: The U.S. population grew by nearly 1.0% between 2023 and 2024 From the Census Bureau: Net International Migration Drives Highest U.S. Population Growth in Decades...
2 weeks ago
11
2 weeks ago
From the Census Bureau: Net International Migration Drives Highest U.S. Population Growth in Decades The U.S. population grew by nearly 1.0% between 2023 and 2024, according to the new Vintage 2024 population estimates released today by the U.S. Census Bureau. As the nation’s...
Calculated Risk
FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding...
a week ago
6
a week ago
Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit...
balajis.com
Crypto Twitter Found SBF's Fraud The establishment did nothing until the internet revealed everything.
a year ago
Mazdak
Meta's AI & Reuters: A New Era of News? Meta's AI is changing how we consume news. The tech giant has partnered with Reuters, a leading...
2 months ago
18
2 months ago
Meta's AI is changing how we consume news. The tech giant has partnered with Reuters, a leading global news provider, to bring real-time news updates directly to users through Meta's AI chatbot.
Mazdak
Understanding Employment Insurance (EI) Employment Insurance (EI) is a social insurance program in Canada that provides temporary financial...
10 months ago
88
10 months ago
Employment Insurance (EI) is a social insurance program in Canada that provides temporary financial support to eligible individuals who lose their jobs through no fault of their own. While this is the most commonly understood purpose of EI, the program offers various benefits...
The Diff
Longreads + Open Thread Shanghai, Wrong, Returns, Nuclear, Employee Performance, Feedback Loops, Buffett
a month ago
Mazdak
Bank of Canada Holds Rates Steady, Inflation Progress Seen as Insufficient The Bank of Canada (BoC) opted to maintain its key interest rate at 5% today, signaling a cautious...
10 months ago
55
10 months ago
The Bank of Canada (BoC) opted to maintain its key interest rate at 5% today, signaling a cautious stance on inflation despite recent declines. Governor Tiff Macklem acknowledged progress in bringing inflation down to 2.9% in January, but emphasized the need for continued...
The Rational Walk
The Use of Letters As Mark Twain said, a person who won't read has no real advantage over a person who can't read. It...
a year ago
10
a year ago
As Mark Twain said, a person who won't read has no real advantage over a person who can't read. It makes no sense to refuse to learn vicariously.
The Rational Walk
The Digest #158 Claude Shannon's mighty mouse, Ben Graham's father, Doomberg quits Twitter, FASB segment disclosure...
a year ago
17
a year ago
Claude Shannon's mighty mouse, Ben Graham's father, Doomberg quits Twitter, FASB segment disclosure rules, Podcasts on old annual reports, Henry Ford's road trips, Jony Ive, Sal Kahn
Moneyness
After twelve years of writing about bitcoin, here's how my thinking has changed What follows is an essay on how my thinking on bitcoin has changed since I began to write on the...
2 weeks ago
19
2 weeks ago
What follows is an essay on how my thinking on bitcoin has changed since I began to write on the topic starting with my first post in October 2012. Since then I've written 109 posts on the Moneyness Blog that reference bitcoin, along with a few dozen articles at venues like...
Mazdak
Sam Altman Returns to OpenAI as CEO In a stunning turn of events, Sam Altman has been reinstated as CEO of OpenAI, just days after being...
a year ago
35
a year ago
In a stunning turn of events, Sam Altman has been reinstated as CEO of OpenAI, just days after being fired by the company's board. The move comes after a whirlwind few days that saw Altman's supporters rally to his side, with many threatening to quit if he was not brought back.
Mazdak
Apple Intelligence is FINALLY HERE! 🤯 What You NEED to Know! 🧠 Join us as we explore Apple's groundbreaking AI platform:
2 months ago
Mazdak
Jeff Bezos sold around $240 million worth of Amazon shares Jeff Bezos sold around $240 million worth of Amazon shares last week. The transactions were listed...
a year ago
38
a year ago
Jeff Bezos sold around $240 million worth of Amazon shares last week. The transactions were listed as contributions to nonprofit organizations. Shares of Amazon fell 1.8% on Nov. 15 and 0.3% on Nov. 16. Bezos still holds 988.3 million shares of Amazon, around 10% of the company.
Commoncog
A Most Unlikely Master of Capital Allocation If the most unlikely, most un-businesslike person could become a masterful capital allocator late in...
12 months ago
53
12 months ago
If the most unlikely, most un-businesslike person could become a masterful capital allocator late in her life, then perhaps you could, too.
Mazdak
AI Gone Wrong? Can Chatbots Be Held Responsible for Suicide? This episode examines the tragic case of a teenager who became obsessed with an AI companion bot and...
2 months ago
17
2 months ago
This episode examines the tragic case of a teenager who became obsessed with an AI companion bot and later died by suicide.
Citation Needed
Issue 55 – Halving a bad time The bitcoin "halving" looms, and that may not be as good news as coiners hope. Also, Terra committed...
8 months ago
79
8 months ago
The bitcoin "halving" looms, and that may not be as good news as coiners hope. Also, Terra committed fraud and Uniswap got a Wells notice.
The Rational Walk
Measuring Competence Measuring competence is straight forward in many fields, such as carpentry and dentistry, but not as...
3 months ago
32
3 months ago
Measuring competence is straight forward in many fields, such as carpentry and dentistry, but not as clear when it comes to investing.
Citation Needed
Migrating from Substack to self-hosted Ghost: the details I migrated Citation Needed from Substack to self-hosted Ghost. Here is exactly how I did that.
11 months ago
Commoncog
Capital Allocation as an Antidote to Business Luck The unspoken secret about new company formation is that you need to get lucky. Roll the dice, get a...
a year ago
58
a year ago
The unspoken secret about new company formation is that you need to get lucky. Roll the dice, get a business outcome. Capital allocation matters because it allows you more skill, less luck, on the journey to a large outcome.
Farnam Street
The Winner’s Edge A lot of otherwise talented people are too pessimistic to actually do anything. They are paralyzed...
a year ago
109
a year ago
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...
Mazdak
Amazon Glasses: Seeing the Future of Delivery Amazon is developing smart glasses for their delivery drivers to navigate routes, locate packages,...
a month ago
21
a month ago
Amazon is developing smart glasses for their delivery drivers to navigate routes, locate packages, and even take photos of deliveries as proof for customers.
Mazdak
RRSP vs TFSA: Making the Right Choice for Your Financial Future Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) are two powerful...
2 months ago
19
2 months ago
Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) are two powerful investment vehicles available to Canadians.
The Rational Walk
Inflation Expectations There's no reason for anyone to care what I think about inflation and interest rates, but readers...
9 months ago
59
9 months ago
There's no reason for anyone to care what I think about inflation and interest rates, but readers should pay close attention to Warren Buffett's statements and actions.
Mazdak
Canada's Housing Crisis: Is There a Way Out? Canada's housing market has become a national concern. Soaring prices have pushed homeownership out...
9 months ago
76
9 months ago
Canada's housing market has become a national concern. Soaring prices have pushed homeownership out of reach for many, and even renters struggle to find affordable options. The pandemic exacerbated this pre-existing crisis, highlighting the urgent need for solutions. This article...
Mazdak
AI's Energy Problem: Can We Power Progress Without Wrecking the Planet? ⚡️🌎 AI is booming, but its appetite for energy is a growing concern. As world leaders gather in Dubai...
a year ago
57
a year ago
AI is booming, but its appetite for energy is a growing concern. As world leaders gather in Dubai for COP28, it's more important than ever to understand the complex relationship between AI and climate change. Why it matters: AI could become one of the biggest energy guzzlers on...
Mazdak
Apple Intelligence: Catching Up or Falling Behind? Apple just launched its new AI features with much fanfare, but are they truly intelligent or just a...
2 months ago
28
2 months ago
Apple just launched its new AI features with much fanfare, but are they truly intelligent or just a bunch of glowing gradients and sparkle icons?
Mazdak
Tired of Chasing Leads? Elevate Your Value Proposition Are you spending countless hours chasing leads that aren't quite right?
2 months ago
The Rational Walk
American Prometheus The tragic story of J. Robert Oppenheimer encompasses far more than science and politics. It is a...
a year ago
19
a year ago
The tragic story of J. Robert Oppenheimer encompasses far more than science and politics. It is a cautionary tale of human nature that holds timeless lessons.
Farnam Street
Reciprocity: Getting What You Give This article is an excerpt from the bestselling book The Great Mental Models Volume 2: Physics,...
over a year ago
56
over a year ago
This article is an excerpt from the bestselling book The Great Mental Models Volume 2: Physics, Chemistry and Biology Reciprocity teaches us why win-win relationships are the way to go, why waiters leave candies with the bill, why it’s a good idea to use the least force possible...
Mazdak
X's Ad Business Faces Its Toughest Challenge Yet In a major blow to X, formerly Twitter, a number of marquee advertisers have announced that they are...
a year ago
20
a year ago
In a major blow to X, formerly Twitter, a number of marquee advertisers have announced that they are suspending ad spending on the platform. This comes in response to owner Elon Musk's endorsement of an antisemitic post, as well as to a report by Media Matters For America that...
Mazdak
Can Zuckerberg Challenge Google's Search Empire? Mark Zuckerberg is making a bold move to challenge Google's long-standing dominance in the search...
2 months ago
31
2 months ago
Mark Zuckerberg is making a bold move to challenge Google's long-standing dominance in the search engine market.
Bits about Money
Financial systems take a holiday Ever wondered about what happens when banks are closed or why some apps have operating hours? It's...
10 months ago
85
10 months ago
Ever wondered about what happens when banks are closed or why some apps have operating hours? It's fascinating.
The Rational Walk
Concentrated Investments Many Berkshire Hathaway shareholders have a very large percentage of their net worth invested in the...
a year ago
36
a year ago
Many Berkshire Hathaway shareholders have a very large percentage of their net worth invested in the company. What are the risks of concentrated investments in general and Berkshire in particular?
Bits about Money
Seeing like a Bank The structural reasons why banks sometimes behave bizarrely in interactions with customers, like...
a year ago
73
a year ago
The structural reasons why banks sometimes behave bizarrely in interactions with customers, like forgetting things which customers tell them.
Mazdak
Cloudflare 2024 Internet Report Analysis Join us as we break down Cloudflare's groundbreaking report and expose fascinating trends in...
3 weeks ago
17
3 weeks ago
Join us as we break down Cloudflare's groundbreaking report and expose fascinating trends in internet traffic, security, and adoption.
The Rational Walk
The Berkshire Hathaway Playbook Competition tends to eliminate high profits resulting from business models that have worked...
10 months ago
90
10 months ago
Competition tends to eliminate high profits resulting from business models that have worked spectacularly well. Will Berkshire's playbook continue to perform well in the future?
FIRE v London
July ’24: New UK government July has been quite a busy month. I’ve been getting about a bit. Some South Coast action, some...
5 months ago
65
5 months ago
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...
Moneyness
In praise of anti-money laundering thresholds Two seemingly separate stories, a crypto and a banking story, have a common thread in anti-money...
a year ago
52
a year ago
Two seemingly separate stories, a crypto and a banking story, have a common thread in anti-money laundering thresholds. In the first story, the New York Times shows how regular folks are increasingly losing their bank accounts because their bank perceives them to be engaging in...
Musings on Markets
Tesla in November 2023 : Story twists and turns, with value consequences! I was planning to start this post by telling you that Tesla was back in the news, but that would be...
a year ago
59
a year ago
I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. Some of that attention comes from the company's products and innovations, but much of it comes from having Elon Musk as a CEO, a man...
balajis.com
California Is Not A Democracy It's a one-party state. They hold elections, but the Party always wins.
6 months ago
Commoncog
Making Sense of Deming A comprehensive summary of W. Edwards Deming's ideas, whose System of Profound Knowledge is one of...
9 months ago
81
9 months ago
A comprehensive summary of W. Edwards Deming's ideas, whose System of Profound Knowledge is one of the most powerful things you'll find on the Operations side of the business expertise triad. Read this, so you don't have to read multiple books to apply his ideas.
Citation Needed
Big publishers think libraries are the enemy The recent Second Circuit decision in Hachette v. Internet Archive is only the latest battle in the...
3 months ago
40
3 months ago
The recent Second Circuit decision in Hachette v. Internet Archive is only the latest battle in the war on libraries and the freedom to read.
The Rational Walk
The Digest #223 Corporate Taxes, Election Gambling in 1916, Berkshire's Cash, Treasury Inflation Protected...
a month ago
24
a month ago
Corporate Taxes, Election Gambling in 1916, Berkshire's Cash, Treasury Inflation Protected Securities, Market Prices as Political Predictors, The Three Indias, Semiconductor Progress
The Rational Walk
Progressive is Firing on All Cylinders Progressive resumed aggressive growth in the first quarter of 2024 while reporting a strong combined...
8 months ago
The Rational Walk
The Digest #165 Buffett on Inflation, Dollar General, Due Diligence, Personal Libraries, The role of AI in drug...
a year ago
31
a year ago
Buffett on Inflation, Dollar General, Due Diligence, Personal Libraries, The role of AI in drug discovery, Small-cap opportunities, and interviews of Peter Brown, Bill Gross, Chris Bloomstran.
Mazdak
Canadian Mortgage Debt Growth Slows to Two-Decade Low, But Remains Elevated Canadians are taking on mortgage debt at a slower pace than ever before in two decades, according to...
a year ago
25
a year ago
Canadians are taking on mortgage debt at a slower pace than ever before in two decades, according to data from the Bank of Canada (BoC). However, mortgage debt growth remains historically high, despite the recent slowdown. The BoC's latest data shows that outstanding mortgage...
Citation Needed
Issue 52 – I am Sam's low-level culpability Bitcoin prices are spiking. Are we in for another round of crypto mania? Also, Sam Bankman-Fried...
10 months ago
72
10 months ago
Bitcoin prices are spiking. Are we in for another round of crypto mania? Also, Sam Bankman-Fried doesn't want to go to jail for 100 years.
FIRE v London
Compounding, type II Supposedly Albert Einstein called compounding the 8th wonder of the world. Certainly the wonder of...
2 months ago
37
2 months ago
Supposedly Albert Einstein called compounding the 8th wonder of the world. Certainly the wonder of compound annual growth rates is something I feel quite viscerally, the more so with each month that I track my portfolio. But I’ve been struck recently by a radical improvement in...
Commoncog
What To Think When Looking at a Chart In a business context, what should you think when presented with a time series? Or: a really dumb...
a year ago
66
a year ago
In a business context, what should you think when presented with a time series? Or: a really dumb question that nobody seems to talk about.
Bits about Money
The Bond villain compliance strategy Jurisdictional gamesmanship is a common strategy for crypto businesses. Here is how it worked out...
a year ago
83
a year ago
Jurisdictional gamesmanship is a common strategy for crypto businesses. Here is how it worked out for Binance and its CEO. Spoiler: poorly.
The Diff
Are VCs Incentivized to be too Nice for Venture Debt? Plus! Art of the Cram-Down; Transaction Costs; Amazon Air; Bull Markets; Misinformation
4 weeks ago
balajis.com
All It Takes Is All You Got Your assets are the government's collateral.
9 months ago
The Rational Walk
The Digest #178 Berkshire countersues Pilot's founders, Meta targeting teens, Title Insurance, Moats & capital...
a year ago
36
a year ago
Berkshire countersues Pilot's founders, Meta targeting teens, Title Insurance, Moats & capital allocation, CAVA's origin, VISA's history, Business lessons from Tom Murphy
Mazdak
Who Should You Ask for Feedback? Feedback is essential for business success. It can help you identify areas for improvement, get new...
a year ago
13
a year ago
Feedback is essential for business success. It can help you identify areas for improvement, get new ideas, and stay ahead of the competition. But not all feedback is created equal. If you want to get the most out of feedback, you need to ask the right people.
Mazdak
Interest Rates Dip, But Will Demand Follow? As the housing market continues its dynamic dance, a recent drop in interest rates presents a...
a year ago
27
a year ago
As the housing market continues its dynamic dance, a recent drop in interest rates presents a curious conundrum. While the average 30-year fixed-rate mortgage for qualifying loans sunk to 6.83%, purchase applications surprisingly declined 1%. This begs the question:
Mazdak
Stock Buybacks: A Popular Yet Polarizing Practice Stock buybacks have become a prevalent practice in the financial world, but they also generate...
9 months ago
56
9 months ago
Stock buybacks have become a prevalent practice in the financial world, but they also generate significant debate. This article dives into the concept of buybacks, explores their motivations, and examines the arguments for and against them. What are Stock Buybacks?
balajis.com
The Elondrop Build the political support necessary to free Twitter with the largest airdrop in history.
over a year ago
13
over a year ago
Build the political support necessary to free Twitter with the largest airdrop in history.
Bits about Money
The infrastructure behind ATMs ATMs are connected to banks by networks which operate little-understood payment rails.
over a year ago
Citation Needed
We need to talk about digital ownership "Ownership" means ten different things to ten different people. Let's talk about what we actually...
10 months ago
Mazdak
Meta Fined & FBI on Polymarket Meta slapped with a HUGE EU fine, the FBI is investigating Polymarket...
a month ago
Calculated Risk
December 27th COVID Update: COVID in Wastewater Increasing Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm...
6 days ago
6
6 days ago
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...
Commoncog
Business Reality Without Frameworks A paradox: why it’s important to think about business without abstractions, even as we from what’s...
2 months ago
41
2 months ago
A paradox: why it’s important to think about business without abstractions, even as we from what’s come before.
Mazdak
Open Source AI Takes Center Stage: A New Alliance Challenges Tech Giants 🤖 In a bold move to challenge the dominance of closed AI models, a new global alliance for AI open...
a year ago
60
a year ago
In a bold move to challenge the dominance of closed AI models, a new global alliance for AI open source development has emerged, firing shots at the likes of OpenAI, Google, and Anthropic. These tech giants have captured much of the AI spotlight in 2023, but the alliance believes...
The Rational Walk
The Digest #217 Berkshire Hathaway Acquires BHE Minority Interests, Measuring Competence, Greg Abel Interview, The...
3 months ago
37
3 months ago
Berkshire Hathaway Acquires BHE Minority Interests, Measuring Competence, Greg Abel Interview, The Fed's Inflationary Bias, Jimmy Carter at 100, Sam Altman, Bruno Leoni, Thermopylae
The Rational Walk
Dollar General: Value or Value Trap? I spent Labor Day weekend reading about this beaten down retailer. This article provides some...
a year ago
85
a year ago
I spent Labor Day weekend reading about this beaten down retailer. This article provides some initial thoughts about the company as well as the overall retail landscape.
The Rational Walk
The Odyssey Homer's epic poem tells the story of how Odysseus struggled to return home after the Trojan War. It...
8 months ago
98
8 months ago
Homer's epic poem tells the story of how Odysseus struggled to return home after the Trojan War. It is one of the greatest stories in history.
FIRE v London
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...
3 months ago
53
3 months ago
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 /...
Bits about Money
Money laundering and AML compliance A brief overview of what money laundering is, what financial institutions do about it, and why.
a year ago
Calculated Risk
Q3 GDP Growth Revised up to 3.1% Annual Rate From the BEA: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP...
2 weeks ago
10
2 weeks ago
From the BEA: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2024 Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the "third" estimate...
Mazdak
TFSA 2025: Your Complete Guide to Tax-Free Savings in Canada In the ever-evolving landscape of personal finance, the Tax-Free Savings Account (TFSA) continues to...
a month ago
18
a month ago
In the ever-evolving landscape of personal finance, the Tax-Free Savings Account (TFSA) continues to be a bright spot for Canadian investors.
Musings on Markets
Data Update 3 for 2024: Interest Rates in 2023 - A Rule-breaking Year! In my last post, I looked at equities in 2023, and argued that while they did well during 2023, the...
11 months ago
82
11 months ago
In my last post, I looked at equities in 2023, and argued that while they did well during 2023, the bounce back were uneven, with a few big winning companies and sectors, and a significant number of companies not partaking in the recovery. In this post, I look at interest rates,...
Moneyness
The effects of Russian sanctions as portrayed in YouTube videos Last month American provocateur Tucker Carlson visited a Russian grocery store. Because it was...
9 months ago
82
9 months ago
Last month American provocateur Tucker Carlson visited a Russian grocery store. Because it was filled to the brim with food, Carlson claims that western sanctions placed on Russia aren't having an effect. "We've been told sanctions on Russia have had a devastating effect on its ...
Moneyness
Even crypto mixing deserves a threshold Many of you may not realize this, but in most parts of the developed world, banks automatically...
a year ago
49
a year ago
Many of you may not realize this, but in most parts of the developed world, banks automatically record and report our transactions to law enforcement. The logic behind this is that by giving up our personal data, we get more security, albeit at the cost of 1) losing our privacy,...
Mazdak
⚖️ Copyright Law and Generative AI Generative AI is revolutionizing the way we create, but it's also raising complex legal questions...
a year ago
59
a year ago
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? 🤔
FIRE v London
In praise of Berkshire Hathaway I think I first clocked Warren Buffett’s (and Charlie Munger RIP’s) Berkshire Hathaway around the...
11 months ago
87
11 months ago
I think I first clocked Warren Buffett’s (and Charlie Munger RIP’s) Berkshire Hathaway around the year 2000. I loved the story. Starting from, as the story was told back then, humble beginnings and a paper round, Warren Buffett (and Charlie – who I will stop mentioning but...
Moneyness
Your finances are being snooped on. Here's how We all have a pretty good idea that our finances are being snooped on, but most of us aren't quite...
5 months ago
74
5 months ago
We all have a pretty good idea that our finances are being snooped on, but most of us aren't quite able to articulate how. We know that we're being snooped on by two groups, corporations and the government. This post will focus on how the government snoops on our transactions,...
The Rational Walk
In the Zone Biohacking can be taken too far, but the intelligent use of modern technology has the potential to...
8 months ago
42
8 months ago
Biohacking can be taken too far, but the intelligent use of modern technology has the potential to provide valuable insights about our health.
Citation Needed
POSSE: Reclaiming social media in a fragmented world A simple technique offers the best of both worlds: total control over your own work, while still...
3 months ago
41
3 months ago
A simple technique offers the best of both worlds: total control over your own work, while still maintaining a presence on third-party platforms.
Commoncog
An Expertise Acceleration Experiment in Judo I relocated for a three month expertise acceleration experiment in Judo. These are my notes from two...
a year ago
60
a year ago
I relocated for a three month expertise acceleration experiment in Judo. These are my notes from two months in: what I learnt, what was hard, and what deliberate practice actually feels like.
Calculated Risk
Question #8 for 2025: How much will Residential investment change in 2025? How about housing starts... Today, in the CalculatedRisk Real Estate Newsletter: Question #8 for 2025: How much will Residential...
a week ago
8
a week ago
Today, in the CalculatedRisk Real Estate Newsletter: Question #8 for 2025: How much will Residential investment change in 2025? How about housing starts and new home sales in 2025? Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of...
Commoncog
Members Preview: An Easier Way to Create XmR Charts Early access to some software we've built to make XmR charts more accessible.
9 months ago
Citation Needed
Polling: Are Democratic voters really “increasingly gravitating towards crypto”? Paradigm has polled some Democratic voters about crypto and released a summary of their results. How...
4 months ago
49
4 months ago
Paradigm has polled some Democratic voters about crypto and released a summary of their results. How does it stack up to other industry polls, which are often heavily manipulated to paint a deceptively rosy picture?
balajis.com
Bond Villain When Powell devalued bonds, he destroyed the economy.
a year ago
Moneyness
Are central banks too reliant on SWIFT for domestic payments? Central bank settlement systems are the the tectonic plates of the payment system: they are vitally...
a year ago
71
a year ago
Central bank settlement systems are the the tectonic plates of the payment system: they are vitally important to our lives, but we never see them in action. All of a nations' electronic payments are ultimately completed, or settled, on these systems. If they stop working, our...
Bits about Money
Guys what is wrong with ACATS Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the...
7 months ago
80
7 months ago
Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the background. No cats were harmed.
Mazdak
2024: A Roadmap for AI's Next Big Step 2023 was a whirlwind year for artificial intelligence (AI). ChatGPT wowed us with its ability to...
a year ago
68
a year ago
2023 was a whirlwind year for artificial intelligence (AI). ChatGPT wowed us with its ability to generate human-quality text, while chipmaker Nvidia pushed the boundaries of what's possible with graphics processing units (GPUs). But amidst the hype, there were also concerns about...
balajis.com
Only Newsom Can Go To China If Nixon and Mao came to an accord, so might Newsom and Xi.
a year ago
Musings on Markets
Data Update 5 for 2023: The Earnings Test As I have argued in all four of my posts, so far, about 2022, it was year when we saw a return to...
a year ago
14
a year ago
As I have argued in all four of my posts, so far, about 2022, it was year when we saw a return to normalcy on many fronts, as treasury rates reverted back to pre-2008 levels, and risk capital discovered that risk has a downside. During the course of the year, investors also...
Calculated Risk
Review: Ten Economic Questions for 2024 At the end of each year, I post Ten Economic Questions for the following year (2024). I followed up...
a week ago
10
a week ago
At the end of each year, I post Ten Economic Questions for the following year (2024). I followed up with a brief post on each question. Here is review (we don't have all data yet, but enough).  I've linked to my posts from the beginning of the year, with a brief excerpt and a...
Mazdak
Used Car Prices Drop: Should You Buy Now or Wait for Better Deals? The once-tumultuous used car market, characterized by record-high prices and limited options, has...
a year ago
28
a year ago
The once-tumultuous used car market, characterized by record-high prices and limited options, has begun to exhibit signs of a significant shift. Prices are now decelerating, presenting both challenges and opportunities for buyers. This article delves into the key factors driving...
Mazdak
Elon Musk: All In He's the richest man in the world, a tech titan, and now...
a month ago
Calculated Risk
Question #5 for 2025: What will the YoY core inflation rate be in December 2025? Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of...
4 days ago
3
4 days ago
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...
Mazdak
Capital Gains Tax on the Sale of Property in Canada: A Comprehensive Guide Selling a property can be a significant financial event, and understanding the tax implications is...
9 months ago
82
9 months ago
Selling a property can be a significant financial event, and understanding the tax implications is crucial. This article delves into capital gains tax in Canada, explaining how it works, how it's calculated, and how to potentially reduce your tax burden.
Seeking Wisdom
A great investor is a great rejector I tend to grasp math concepts better from books written for other fields. Take linear algebra for...
7 months ago
111
7 months ago
I tend to grasp math concepts better from books written for other fields. Take linear algebra for example — I developed a stronger understanding and appreciation for it after reading the book Modeling Life. Similarly, the investing book What I Learned About Investing from Darwin...
Mazdak
Teens Obsessed with YouTube and TikTok: New Survey Reveals Usage Trends Nearly 1 in 5 teens are on YouTube or TikTok "almost constantly," according to a new survey by Pew...
a year ago
39
a year ago
Nearly 1 in 5 teens are on YouTube or TikTok "almost constantly," according to a new survey by Pew Research Center. This highlights the immense popularity of these video-streaming platforms among younger generations. Here are the key takeaways from the survey:
Musings on Markets
Invisible, yet Invaluable: Valuing Intangibles in the Birkenstock IPO! A few days ago, I valued Instacart ahead of its initial public offering, and noted that the...
a year ago
15
a year ago
A few days ago, I valued Instacart ahead of its initial public offering, and noted that the reception that the stock gets will be a good barometer of where risk capital stands in the market, right now. After a buzzy open, when the stock jumped from its offering price of $30 a...
Farnam Street
Let Go of the Learning Baggage We all want to learn better. That means retaining information, processing it, being able to use it...
over a year ago
40
over a year ago
We all want to learn better. That means retaining information, processing it, being able to use it when needed. More knowledge means better instincts; better insights into opportunities for both you and your organization. You will ultimately produce better work if you give...
Mazdak
The Latest in Smartglasses Tech From Samsung's latest specs to the buzz surrounding Apple's potential entry, the world of...
a month ago
28
a month ago
From Samsung's latest specs to the buzz surrounding Apple's potential entry, the world of smartglasses is heating up!
Farnam Street
Focus to Win Anyone can say no to bad ideas, but only a focused person can say no to good ideas. Focus is about...
over a year ago
52
over a year ago
Anyone can say no to bad ideas, but only a focused person can say no to good ideas. Focus is about saying no. When talking about one of the biggest lessons he learned from Steve Jobs, Jonny Ive said it was focus. This sounds really simplistic, but it still shocks me how few...
Mazdak
The 7 Steps to Becoming a Top Investor Do you want to become a great investor? If so, you're in the right place. In this article, I'm going...
a year ago
12
a year ago
Do you want to become a great investor? If so, you're in the right place. In this article, I'm going to share with you the seven steps that I believe are essential for becoming a top investor. Step 1: Develop a Clear Investment Philosophy The first step to becoming a great...
Mazdak
10 Steps to Transform Your Life As someone who has built and scaled multiple businesses over decades, I've learned that success...
2 months ago
36
2 months ago
As someone who has built and scaled multiple businesses over decades, I've learned that success isn't about sporadic breakthroughs—it's about consistent, intentional changes in how we think and act.
Citation Needed
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...
3 months ago
Citation Needed
We can have a different web Many yearn for the “good old days” of the web. We could have those good old days back — or something...
8 months ago
86
8 months ago
Many yearn for the “good old days” of the web. We could have those good old days back — or something even better — and if anything, it would be easier now than it ever was.
Mazdak
2024: The Year the Economy Wins? As we turn the page to 2024, we're met with a cautiously optimistic economic forecast, suggesting a...
a year ago
62
a year ago
As we turn the page to 2024, we're met with a cautiously optimistic economic forecast, suggesting a potential shift towards a more balanced and stable environment. While challenges and uncertainties remain, let's explore the key trends and strategic insights that can guide us...
The Rational Walk
The Digest #186 Macintosh at 40, Coffee Can Investing, Haslams on Pilot, Vision Pro's missing apps, Investment...
11 months ago
66
11 months ago
Macintosh at 40, Coffee Can Investing, Haslams on Pilot, Vision Pro's missing apps, Investment checklists, Shane Parrish interviews Tom Gayner, Novo Nordisk, Howard Marks on interest rates
Calculated Risk
MBA: Mortgage Applications Decreased in Weekly Survey From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications...
2 weeks ago
17
2 weeks ago
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 13,...
balajis.com
America's $175 Trillion Problem The true state of the global financial system, in ten charts.
5 months ago
Commoncog
Charlie Munger’s Supply Demand Curve Puzzle What a puzzle from Charlie Munger tells us about a supply-side business model with unreasonably high...
a year ago
The Rational Walk
The Digest #214 September 11, 2001, Nixon vs JFK, Apple's future, Damodaran on decline, Berkshire's book value,...
3 months ago
45
3 months ago
September 11, 2001, Nixon vs JFK, Apple's future, Damodaran on decline, Berkshire's book value, Founder mode, Chasing dividends, Caro on LBJ, Peter Lynch, Epicureanism, Mt Everest
Citation Needed
Not just one bad apple: FTX's practices were business as usual in crypto Adversary cases from the FTX collapse further expose how crypto companies do business: with secret...
3 days ago
14
3 days ago
Adversary cases from the FTX collapse further expose how crypto companies do business: with secret acquisitions of “grey area” businesses, buying influence, and creative accounting.
The Rational Walk
Negative Lollapalooza Effects Sharing ideas can have benefits but there are also psychological risks. This article applies lessons...
a year ago
14
a year ago
Sharing ideas can have benefits but there are also psychological risks. This article applies lessons from Charlie Munger's psychology of human misjudgment to investing.
Musings on Markets
The School Bell Rings: Time for Class! Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting...
11 months ago
35
11 months ago
Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting in a couple of weeks, I would like to invite you, if you are interested, to come along for the ride. I know! I know! Most of you are not enrolled at NYU, paying nosebleed prices,...
Seeking Wisdom
Embeddings – Part 1 This is the 8th post in my series on building a toy GPT. For better understanding, I recommend...
a year ago
83
a year ago
This is the 8th post in my series on building a toy GPT. For better understanding, I recommend reading my earlier posts first. I love playing and watching cricket. The dominance India showed in the recently concluded World Cup is astounding. I have never seen anything like it in...
Mazdak
The Pros and Cons of Buying Real Estate Through a Corporation in Canada This article explores the advantages and disadvantages of using a corporation to purchase real...
10 months ago
68
10 months ago
This article explores the advantages and disadvantages of using a corporation to purchase real estate in Canada. It's important to note that this strategy is generally more complex and may not be suitable for everyone. When Owning Real Estate Personally Might Be Better
Moneyness
Crypto adoption in America Source: America Loves Crypto You may have recently come across the America Loves Crypto...
a year ago
18
a year ago
Source: America Loves Crypto You may have recently come across the America Loves Crypto marketing campaign, sponsored by Coinbase, the U.S.'s largest crypto exchange. In an attempt to promote the voting power of crypto owners, the website makes the claim that 52 million...
Calculated Risk
Wednesday: Housing Starts, FOMC Meeting Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. mortgage...
2 weeks ago
12
2 weeks ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. mortgage purchase applications index. Housing Starts for November. The consensus is for 1.344 million SAAR, up from 1.311 million SAAR. Architecture Billings Index for October (a leading indicator...
Moneyness
The long arm of OFAC and its reach into the Ethereum network Coinbase, the U.S.'s largest crypto exchange, is openly processing Ethereum transactions involving...
a year ago
40
a year ago
Coinbase, the U.S.'s largest crypto exchange, is openly processing Ethereum transactions involving Tornado Cash, a piece of blockchain infrastructure that was sanctioned by the U.S. government last year for providing mixing services to North Korea.  Over the last two weeks...
The Rational Walk
The Digest #159 Montaigne on Lying, Berkshire's Q2 results, Equity risk premiums, Taking useful notes, Abandoning...
a year ago
14
a year ago
Montaigne on Lying, Berkshire's Q2 results, Equity risk premiums, Taking useful notes, Abandoning books, How Threads was built, BYD challenges Tesla, Katalin Karikó's inspiring life
Bits about Money
Requiem for a bank loan A brief retrospective on an attractive product First Republic used to offer, and a wider discourse...
a year ago
16
a year ago
A brief retrospective on an attractive product First Republic used to offer, and a wider discourse on the banking crisis.
Calculated Risk
Thursday: Unemployment Claims, GDP, Existing Home Sales Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. initial weekly...
2 weeks ago
13
2 weeks ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. initial weekly unemployment claims report will be released. The consensus is for 232 thousand initial claims, down from 242 thousand last week. Gross Domestic Product, 3rd quarter 2024 (Third...
Musings on Markets
Breaking up Big Tech: Cui Bono? In a court filing on October 9, 2024, the US Department of Justice (DOJ) let it be known that it was...
2 months ago
45
2 months ago
In a court filing on October 9, 2024, the US Department of Justice (DOJ) let it be known that it was considering a break-up of Alphabet, with the addendum that it would also be pushing for the company to share the data it collects across its multiple platforms with competitors....
Mazdak
Walmart Goes All-In on AI: Building the Retail Future, One Personalized Shopping Spree at a Time Forget the days of aimlessly wandering Walmart's aisles, clutching a crumpled grocery list and...
11 months ago
60
11 months ago
Forget the days of aimlessly wandering Walmart's aisles, clutching a crumpled grocery list and battling for the last box of Oreos. The retail giant is about to revolutionize your shopping experience with a generative AI makeover. Imagine this: You're planning a Super Bowl bash,...
The Rational Walk
The Limits of the 25th Amendment The 25th Amendment is intended to clarify Presidential succession procedures, but it has severe...
6 months ago
56
6 months ago
The 25th Amendment is intended to clarify Presidential succession procedures, but it has severe limits that should be acknowledged.
Mazdak
Inflation finally chills out! Americans rejoice & recession whispers fade as prices dip and spending... The good news just keeps coming! Prices finally took a breather in November, marking the first...
a year ago
29
a year ago
The good news just keeps coming! Prices finally took a breather in November, marking the first decline since way back in 2020! This ain't no mirage, folks - inflation is cooling down, and the Fed's fight against skyrocketing prices is showing real results!
Mazdak
2024 Tax Strategies for Optimization and Savings The new year dawns, not just with fresh resolutions, but also the opportunity to reassess and...
a year ago
76
a year ago
The new year dawns, not just with fresh resolutions, but also the opportunity to reassess and optimize your tax strategy. While taxes may not be the most exhilarating topic, savvy planning can significantly reduce your liability and boost your financial well-being. So, grab your...
Bits about Money
Working title (insurance) Title insurance is grossly overpriced relative to actual risks involved. Why is that?
6 months ago
Mazdak
Anthropic's AI Breakthrough & Boeing's Q3 Disaster Boeing's Q3 earnings report reveals a massive loss, while Anthropic's Claude AI showcases...
2 months ago
17
2 months ago
Boeing's Q3 earnings report reveals a massive loss, while Anthropic's Claude AI showcases mind-blowing new capabilities.
FIRE v London
My 20 year property returns I was pleased to have reached the 10 year point of tracking my investment portfolio last month. But...
a year ago
50
a year ago
I was pleased to have reached the 10 year point of tracking my investment portfolio last month. But my net worth includes an important asset class – property – that I don’t normally track, but which I have held in some form for over 20 years. So, this post takes a look at how my…...
Mazdak
Walmart Takes a Big Swing at the Advertising Market with Vizio Acquisition In a move that sent ripples through the tech and advertising worlds, Walmart announced its...
10 months ago
67
10 months ago
In a move that sent ripples through the tech and advertising worlds, Walmart announced its acquisition of smart TV maker Vizio for $2.3 billion. This deal is far more than just about TVs; it's a strategic play by Walmart to become a major force in the booming
Calculated Risk
Personal Income increased 0.3% in November; Spending increased 0.4% The BEA released the Personal Income and Outlays report for November: Personal income increased...
a week ago
16
a week ago
The BEA released the Personal Income and Outlays report for November: Personal income increased $71.1 billion (0.3 percent at a monthly rate) in November, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal...
Calculated Risk
Tuesday: Case-Shiller House Prices From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week...
3 days ago
6
3 days ago
From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week wasn't great for mortgage rates. They moved higher on each of the 5 days. Moreover, there was a distinct lack of logical motivation from the economic data. In fact, on a few...
Mazdak
Elon Musk Lashes Out at Advertisers Leaving X ⚡️ Musk's Fiery Response to Advertiser Exodus 💥 "Go Fk Yourself," Musk Says to Advertisers** 🚀 X...
a year ago
27
a year ago
⚡️ Musk's Fiery Response to Advertiser Exodus 💥 "Go Fk Yourself," Musk Says to Advertisers** 🚀 X CEO Defiant Amidst Advertising Boycott In a fiery exchange at the 2023 DealBook Summit in New York, Elon Musk unleashed a barrage of profanity at advertisers who have pulled their...
FIRE v London
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...
7 months ago
113
7 months ago
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...
Seeking Wisdom
Neural Networks – Part 2 This is my sixth post in a series on building a toy GPT. I recommend that you read my previous posts...
a year ago
58
a year ago
This is my sixth post in a series on building a toy GPT. I recommend that you read my previous posts before reading this one. When using linear and logistic regression, which involve just a single linear equation, calculating derivatives is easy since there is only one equation...
The Rational Walk
The Digest #209 Berkshire's conservatism, Weschler's IRA, National Indemnity, A Defense of Andrew Left, Inflation...
4 months ago
57
4 months ago
Berkshire's conservatism, Weschler's IRA, National Indemnity, A Defense of Andrew Left, Inflation hammers the poor, Felony convictions as footnotes, Immanuel Nobel, Eisenhower and D-Day
Commoncog
What’s an Operational Definition Anyway? Two principles on collecting data, from the field of Statistical Process Control. As with most...
a year ago
47
a year ago
Two principles on collecting data, from the field of Statistical Process Control. As with most principles in SPC, this is both simpler and more important than you might think.
Citation Needed
Fighting for our web A talk from XOXO
2 months ago
Citation Needed
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...
4 hours ago
1
4 hours ago
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.
The Rational Walk
New Articles Moving to Newsletter Effective today, I will no longer post new articles to this website, rationalwalk.com. All new...
a year ago
41
a year ago
Effective today, I will no longer post new articles to this website, rationalwalk.com. All new articles will be posted on my Substack at newsletter.rationalwalk.com.
The Rational Walk
Pilot’s Founders vs. Berkshire Hathaway Warren Buffett's reputation as a straight shooter is called into question by the Haslam family in a...
a year ago
16
a year ago
Warren Buffett's reputation as a straight shooter is called into question by the Haslam family in a dispute over the valuation of their remaining 20% interest.
The Rational Walk
The Cost of Corporate Security The assassination of UnitedHealthcare CEO Brian Thompson revealed corruption in society that...
3 weeks ago
29
3 weeks ago
The assassination of UnitedHealthcare CEO Brian Thompson revealed corruption in society that justifies higher corporate spending to protect executives.
Citation Needed
Issue 54 – Cases continue Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two...
9 months ago
87
9 months ago
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.
Mazdak
AI Fuels Alphabet's Growth Google's parent company Alphabet is on a roll, and AI is the fuel.
2 months ago
Calculated Risk
Construction Spending Mostly Unchanged in November From the Census Bureau reported that overall construction spending increased: Construction spending...
11 hours ago
1
11 hours ago
From the Census Bureau reported that overall construction spending increased: Construction spending during November 2024 was estimated at a seasonally adjusted annual rate of $2,152.6 billion, virtually unchanged from the revised October estimate of $2,152.3 billion. The November...
The Rational Walk
The Power of Investment Journals Writing down the rationale for investment decisions is a prerequisite for success. This articles...
a year ago
12
a year ago
Writing down the rationale for investment decisions is a prerequisite for success. This articles explores lessons I learned dating back to 2009.
The Diff
The One-Big-Side-Bet Model of Wealth Creation Plus! Diff Jobs; Building Japan's Financial Ecosystem; The New Balance of Trade; Where Return on...
a month ago
10
a month ago
Plus! Diff Jobs; Building Japan's Financial Ecosystem; The New Balance of Trade; Where Return on Investment Goes; Broken ETFs; Swipe Fees and Accounting
Musings on Markets
Fed up with Fed Talk? Fact-checking Central Banking Fairy Tales! The big story on Wednesday, September 18, was that the Federal Reserve’s open market committee...
3 months ago
63
3 months ago
The big story on Wednesday, September 18, was that the Federal Reserve’s open market committee finally got around to “cutting rates”, and doing so by more than expected. This action, much debated and discussed during all of 2024, was greeted as "big" news, and market...
The Rational Walk
The Digest #171 American Prometheus, Buffett buys more OXY, Share repurchases, Lessons from Todd Combs, The nature...
a year ago
14
a year ago
American Prometheus, Buffett buys more OXY, Share repurchases, Lessons from Todd Combs, The nature of risk, Damodaran on markets, Keynes on the Treaty of Versailles, Attia on longevity
The Diff
Meta's Least-Untrusted Clone Model Plus! AI Interfaces; The Many Peaks of Mobile; Borrowing Distribution Networks; Ad Arbitrages; More...
2 weeks ago
18
2 weeks ago
Plus! AI Interfaces; The Many Peaks of Mobile; Borrowing Distribution Networks; Ad Arbitrages; More YouTube AI IP
FIRE v London
10 year review Wahoop! I have made it through ten years. In fact, I’ve had a trackable portfolio for over 20 years....
a year ago
43
a year ago
Wahoop! I have made it through ten years. In fact, I’ve had a trackable portfolio for over 20 years. But 10 years ago I started tracking my portfolio in a consistent, monthly way – unitising its performance so I could measure its return. It wasn’t until 2015 that I started this...