Full Width [alt+shift+f] Shortcuts [alt+shift+k]
Sign Up [alt+shift+s] Log In [alt+shift+l]
Articles [alt+h] Reading List [alt+r] [alt+s]
Top Categories > finance
#all #startups #life #history #science #programming #technology #AI #literature #architecture #travel #design #comics #creative #finance #cartography #indiehacker Muted Categories [alt+←][alt+→]
All the Demand Ideas from The Heart of Innovation, Simply Stated All the ideas of the Heart of Innovation, compressed into one piece.
3rd Mar 2026
1

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

from Commoncog [alt+shift+b] in finance

3rd Mar 2026
All the ideas of the Heart of Innovation, compressed into one piece.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Look Out Below As I often note, making Plans B and C is free. The stock market is always looking past "bad...
7th Oct 2025
1

Look Out Below

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

7th Oct 2025
As I often note, making Plans B and C is free. The stock market is always looking past "bad news" to front-run "good news." Once it became clear that the Titanic was indeed going to sink, the stock market would rally on the prospect of sharp growth in lifeboat shares. In...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Greg Abel’s Unique Challenge Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that...
31st Dec 2025
1

Greg Abel’s Unique Challenge

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

31st Dec 2025
Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that will involve at least three major challenges.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Controlling the Narrative Is Not the Same As Controlling the World This is Essay #9 in the series Truth Be Told. The core dynamic of this era is the notion that...
a week ago
1

Controlling the Narrative Is Not the Same As Controlling the World

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

a week ago
This is Essay #9 in the series Truth Be Told. The core dynamic of this era is the notion that controlling the narrative controls the world, as persuading the populace to believe something is true controls their convictions which then control their behaviors. Centralized...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Network State Conference Come to Singapore on September 22, 2024 to build technodemocracy.
15th Oct 2023
4

The Network State Conference

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

15th Oct 2023
Come to Singapore on September 22, 2024 to build technodemocracy.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Inevitable Drift Down from "Can't Lose" Owning Stocks to "Can't Win" Even if an AI program advises selling everything and walking away from the market for five years,...
3rd Nov 2025
1

The Inevitable Drift Down from "Can't Lose" Owning Stocks to "Can't Win"

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

3rd Nov 2025
Even if an AI program advises selling everything and walking away from the market for five years, how many of us would take this advice? Only those who experienced the heady euphoria of the late 1990s dot-com bubble in tech stocks know what the shift from "can't lose"...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
8th Aug 2023
39

Working Out Will Change Your Life

from Mazdak [alt+shift+b] in finance

8th Aug 2023
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:
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Is This a Moat: Mailchimp and PayPal’s Algorithmic Advantage Two case studies of real world competitive advantage, followed by a question: was this a moat or...
12th Dec 2022
104

Is This a Moat: Mailchimp and PayPal’s Algorithmic Advantage

from Commoncog [alt+shift+b] in finance

12th Dec 2022
Two case studies of real world competitive advantage, followed by a question: was this a moat or not?
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Should Congress be Allowed to Trade? Plus! Norms Trading; Point-of-Sale; Trade Trench Warfare; AI and Ads; Bluffing Your Way to Better...
1st May 2025
19

Should Congress be Allowed to Trade?

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

1st May 2025
Plus! Norms Trading; Point-of-Sale; Trade Trench Warfare; AI and Ads; Bluffing Your Way to Better Management
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Warren Buffett’s Final Brushstrokes Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final...
5th May 2025
1

Warren Buffett’s Final Brushstrokes

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

5th May 2025
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Meet Trump’s memecoin dinner guests Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises...
7th May 2025
51

Meet Trump’s memecoin dinner guests

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

7th May 2025
Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises fresh concerns over foreign influence
Direct Link [→] Remove from reading list Add to reading list [alt+a]
August ’25: Warm memories While the global soap opera of the Gaza crisis, Trump/Putin PR, Ukraine misery etc continued, I have...
11th Sep 2025
48

August ’25: Warm memories

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

11th Sep 2025
While the global soap opera of the Gaza crisis, Trump/Putin PR, Ukraine misery etc continued, I have created some warm memories in August. I spent a bit of time in the New Forest, at both ends, and the middle. Which included a trip to Mudeford, site of the UK’s most expensive...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Business Ecosystem Change Takes Time The birth of Sony, and the possibility that private corporations and private individuals can change...
11th Jun 2024
141

Business Ecosystem Change Takes Time

from Commoncog [alt+shift+b] in finance

11th Jun 2024
The birth of Sony, and the possibility that private corporations and private individuals can change broader business ecosystems.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Power of Our Behavior Why is any reduction in consumption posed in terms of unbearable sacrifice, when no sacrifices are...
23rd Jan 2025
32

The Power of Our Behavior

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

23rd Jan 2025
Why is any reduction in consumption posed in terms of unbearable sacrifice, when no sacrifices are necessary to consequentially reduce consumption? When we think of the word power, we associate it with external forces: energy, technology, the government, etc. But our own...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 45 – I'm the director now Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker...
5th Dec 2023
88

Issue 45 – I'm the director now

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

5th Dec 2023
Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker decides to manifest a new job for themselves.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 54 – Cases continue Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two...
2nd Apr 2024
143

Issue 54 – Cases continue

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

2nd Apr 2024
Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two other cases against crypto companies have survived motions to dismiss.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Greg Abel’s 2026 Letter to Shareholders Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the...
2nd Mar 2026
1

Greg Abel’s 2026 Letter to Shareholders

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

2nd Mar 2026
Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the company's unique culture.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Notes on a non-profit indicted for bank fraud Well-regarded non-profit runs domestic intelligence agency; distributes intelligence product;...
1st May 2026
1

Notes on a non-profit indicted for bank fraud

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

1st May 2026
Well-regarded non-profit runs domestic intelligence agency; distributes intelligence product; achieves adoption in financial infrastructure; recruits agents and allies; intervenes against U.S. political fundraising.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Putting Amazon’s PR/FAQ to Practice What it's like putting Amazon's famed Working Backwards process to practice in a small company...
8th Sep 2022
118

Putting Amazon’s PR/FAQ to Practice

from Commoncog [alt+shift+b] in finance

8th Sep 2022
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.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
America's $175 Trillion Problem The true state of the global financial system, in ten charts.
25th Jul 2024
132

America's $175 Trillion Problem

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

25th Jul 2024
The true state of the global financial system, in ten charts.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
6th Mar 2024
102

Bank of Canada Holds Rates Steady, Inflation Progress Seen as Insufficient

from Mazdak [alt+shift+b] in finance

6th Mar 2024
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...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
What I’ve Been Reading Thoughts on the books I read in Q1 2025
3rd Apr 2025
1

What I’ve Been Reading

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

3rd Apr 2025
Thoughts on the books I read in Q1 2025
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Business Reality Without Frameworks A paradox: why it’s important to think about business without abstractions, even as we from what’s...
21st Oct 2024
102

Business Reality Without Frameworks

from Commoncog [alt+shift+b] in finance

21st Oct 2024
A paradox: why it’s important to think about business without abstractions, even as we from what’s come before.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Apple has a new CEO. Now comes the hard part. September is here, and there’s actually quite a bit going on.
1st Sep 2026
2

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

from Mazdak [alt+shift+b] in finance

1st Sep 2026
September is here, and there’s actually quite a bit going on.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 69 – Nice Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also,...
2nd Nov 2024
89

Issue 69 – Nice

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

2nd Nov 2024
Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Dec ’24 – 2024 in review And we’re off, into 2025. Before we get too far, it’s time to take stock (pardon the pun) of 2024....
7th Jan 2025
93

Dec ’24 – 2024 in review

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

7th Jan 2025
And we’re off, into 2025. Before we get too far, it’s time to take stock (pardon the pun) of 2024. I’ll follow the 7 point approach I’ve used for the last few years, starting with the wider market context. Q1 How did markets do? December saw falls across most asset classes –...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Financial systems take a holiday Ever wondered about what happens when banks are closed or why some apps have operating hours? It's...
29th Feb 2024
143

Financial systems take a holiday

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

29th Feb 2024
Ever wondered about what happens when banks are closed or why some apps have operating hours? It's fascinating.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Country Risk: My 2024 Data Update After the 2008 market crisis, I resolved that I would be far more organized in my assessments and...
24th Jul 2024
27

Country Risk: My 2024 Data Update

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

24th Jul 2024
After the 2008 market crisis, I resolved that I would be far more organized in my assessments and updating of equity risk premiums, in the United States and abroad, as I looked at the damage that can be inflicted on intrinsic value by significant shifts in risk premiums, i.e., my...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Embeddings – Part 2 This is the 9th post in my series on building a toy GPT. For better understanding, I recommend...
3rd Dec 2023
125

Embeddings – Part 2

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

3rd Dec 2023
This is the 9th post in my series on building a toy GPT. For better understanding, I recommend reading my earlier posts first. Word embeddings convert words into fixed-length numerical arrays. Each number in these arrays corresponds to a specific characteristic of the word, such...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Is the wholesale marketplace Faire right for your e-commerce business or brand? My company has sold $2.6 million on Faire over the past 4.5 years. As selling on Amazon has become...
6th Feb 2026
1

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

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

6th Feb 2026
My company has sold $2.6 million on Faire over the past 4.5 years. As selling on Amazon has become tougher and tougher, we are thankful for the growing sales Faire has brought us. That said, it's a difficult, counterintuitive marketplace to operate on, and one that is getting,...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A Golden Year (2025): Gold's Price Surge - The Signal in the Noise! I grew up in India in a time where if you had wealth, your investment options were limited. A stock...
6th Nov 2025
18

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

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

6th Nov 2025
I grew up in India in a time where if you had wealth, your investment options were limited. A stock market with sparse listings, accompanied by a lack of trust in financial assets, led investors to put their wealth into tangible assets. Real estate was the most common choice but...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
[Outliers] Charlie Munger’s Interview with Todd Combs I’m excited to share this previously unreleased 2022 conversation between Charlie Munger and Todd...
1st Oct 2026
1

[Outliers] Charlie Munger’s Interview with Todd Combs

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

1st Oct 2026
I’m excited to share this previously unreleased 2022 conversation between Charlie Munger and Todd Combs.  Public Release: Oct 6th. Members have access now.Join us. As with any Munger talk, the subjects are both deep and wide. I’ve pulled out the ideas that most resonated with me....
Direct Link [→] Remove from reading list Add to reading list [alt+a]
In Credit Underwriting, Better is Worse Plus! IRR; Structure; Financial Epiphytes; Shale; Weakening the Cartel
2nd Jan 2025
61

In Credit Underwriting, Better is Worse

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

2nd Jan 2025
Plus! IRR; Structure; Financial Epiphytes; Shale; Weakening the Cartel
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Jan ’23: Mr Market defuses my tax bombshell January is always a miserable month to be in London. Thankfully I managed to get away a bit during...
1st Feb 2023
91

Jan ’23: Mr Market defuses my tax bombshell

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

1st Feb 2023
January is always a miserable month to be in London. Thankfully I managed to get away a bit during the month (not to Davos, no), and enjoy myself in London despite the wintry weather. What you’re paying for in Mayfair these days Market movements in January The markets on the...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Digest #226 Warren Buffett donates $1.15 billion to his family foundations
26th Nov 2024
1

The Digest #226

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

26th Nov 2024
Warren Buffett donates $1.15 billion to his family foundations
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Chesterton’s Fence: A Lesson in Second Order Thinking A core component of making great decisions is understanding the rationale behind previous decisions....
5th Sep 2022
99

Chesterton’s Fence: A Lesson in Second Order Thinking

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

5th Sep 2022
A core component of making great decisions is understanding the rationale behind previous decisions. If we don’t understand how we got “here,” we run the risk of making things much worse. *** When we seek to intervene in any system created by someone, it’s not enough to view...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
8th Jul 2023
42

Twitter vs. Instagram Threads: The Battle for the Short-Form Social Media Crown

from Mazdak [alt+shift+b] in finance

8th Jul 2023
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...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
OpenAI Launches GPT-5 On August 7, 2025, OpenAI officially released GPT-5, its latest flagship model, to the world.
7th Aug 2025
49

OpenAI Launches GPT-5

from Mazdak [alt+shift+b] in finance

7th Aug 2025
On August 7, 2025, OpenAI officially released GPT-5, its latest flagship model, to the world.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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....
7th Aug 2022
45

What I learned from Prof. Sanjay Bakshi’s Behavioral Economics Course at FLAME University

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

7th Aug 2022
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...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
For the fun of it: An Open House for my Spring 2025 Classes I am a teacher at heart, and every year, for more than two decades, I have invited people to join me...
11th Dec 2024
24

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

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

11th Dec 2024
I am a teacher at heart, and every year, for more than two decades, I have invited people to join me in the classes that I teach at the Stern School of Business at New York University. Since I teach these classes only in the spring, and the first sessions for each of the classes...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Longreads + Open Thread Radio, Startups, History, Bally's, Dead Internet, Caesars
1st Feb 2025
53

Longreads + Open Thread

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

1st Feb 2025
Radio, Startups, History, Bally's, Dead Internet, Caesars
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Minimal Impact to Insurers from Icelandic Volcano Eruption At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull...
11th Aug 2026
1

Minimal Impact to Insurers from Icelandic Volcano Eruption

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

11th Aug 2026
At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull volcano have been lifted throughout Europe.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
April ’24: Juggling cash as new UK tax year begins The temperature in the Middle East got even hotter in April, with Israel and Iran trading attacks on...
11th May 2024
184

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

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

11th May 2024
The temperature in the Middle East got even hotter in April, with Israel and Iran trading attacks on each other’s sovereign buildings/territory. Somehow World War III has never really seemed in danger of breaking out but it is a reminder that only change is constant. Over in New...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Demystifying financial leverage Leverage is actually reasonably easy to understand, both in the math and in the implications for...
11th Nov 2022
38

Demystifying financial leverage

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

11th Nov 2022
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Google: Monopolized? Is Google too big? For years, the tech giant has dominated the search market, facing little...
1st Dec 2024
65

Google: Monopolized?

from Mazdak [alt+shift+b] in finance

1st Dec 2024
Is Google too big? For years, the tech giant has dominated the search market, facing little competition.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How to Become Data Driven The answer, like most things from Statistical Process Control, is more surprising and more obvious...
6th Feb 2023
106

How to Become Data Driven

from Commoncog [alt+shift+b] in finance

6th Feb 2023
The answer, like most things from Statistical Process Control, is more surprising and more obvious than you might think.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
It’s Time to Build… Assets? One of the main reasons for the decline in goods and services in the United States, and to a lesser...
28th Mar 2026
1

It’s Time to Build… Assets?

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

28th Mar 2026
One of the main reasons for the decline in goods and services in the United States, and to a lesser extent, the world, is the financialization of our economies by excessive money printing. Let's break that down into simpler language. The quality of the things and services you buy...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Hello LLMs! When you are having trouble getting your thinking straight, consider an extreme or simple case. This...
4th Oct 2023
101

Hello LLMs!

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

4th Oct 2023
When you are having trouble getting your thinking straight, consider an extreme or simple case. This will often give you the insight needed to move forward. I nodded in agreement when I read the above lines from the book Maxims for Thinking Analytically. ChatGPT took the world by...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Chinese Labor Isn't Just Cheaper; It’s Better. We Need to Fix That. A famous newspaper asked me to write an opinion article. But every time I submitted a draft, they'd...
25th Dec 2025
1

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

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

25th Dec 2025
A famous newspaper asked me to write an opinion article. But every time I submitted a draft, they'd edit it, changing the message of the piece, even though the article was meant to be my opinion. Most people would have consented to the edits to have the honor of being in the...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How to Win Friends and Influence People by Dale Carnegie: A Summary and Key Takeaways Dale Carnegie's How to Win Friends and Influence People is one of the most popular and influential...
13th Oct 2023
117

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

from Mazdak [alt+shift+b] in finance

13th Oct 2023
Dale Carnegie's How to Win Friends and Influence People is one of the most popular and influential self-help books ever written. First published in 1936, it has sold over 50 million copies and been translated into over 30 languages. The book is a practical guide to improving...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Why did Stu Woo of the Wall Street Journal Follow Me to Singapore? Thirty five million people change countries every year. I'm one of them, and so is Stu Woo.
28th Jul 2026
1

Why did Stu Woo of the Wall Street Journal Follow Me to Singapore?

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

28th Jul 2026
Thirty five million people change countries every year. I'm one of them, and so is Stu Woo.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Just do it! Brand Name Lessons from Nike'sTroubles! I have spent the last week reading "Shoe Dog", Phil Knight's memoir of how  a runner on the Oregon...
1st Oct 2024
26

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

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

1st Oct 2024
I have spent the last week reading "Shoe Dog", Phil Knight's memoir of how  a runner on the Oregon University track team built one of the great shoe companies in the world, in Nike. In addition to its entertainment value, and it is a fun book to read, I read it for two...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 71 – (Crypto) banks are not your friends Celsius’ Alex Mashinsky pleads guilty to fraud, some Tornado Cash sanctions are overturned, and tech...
5th Dec 2024
83

Issue 71 – (Crypto) banks are not your friends

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

5th Dec 2024
Celsius’ Alex Mashinsky pleads guilty to fraud, some Tornado Cash sanctions are overturned, and tech billionaires complain about “debanking”.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
May ’26: Angelic timing May was an enjoyable month. I kept reasonably busy, as well as doing a bit of travel around the UK....
17th Jun 2026
1

May ’26: Angelic timing

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

17th Jun 2026
May was an enjoyable month. I kept reasonably busy, as well as doing a bit of travel around the UK. I visited King Charles’ Poundbury for the first time, as well as the south coast and the Cotswolds for a weekend. Meanwhile, the news has been dominated by Trump’s Iran war, and in...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
April 2025 – balmy weather, barmy markets Better late than never, I’m doing a quick update on April. More for the record than because anything...
24th May 2025
63

April 2025 – balmy weather, barmy markets

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

24th May 2025
Better late than never, I’m doing a quick update on April. More for the record than because anything particularly notable happened in the portfolio, ignoring the mid month gyrations. It was a lovely month, April. I did a bit of travelling, but the UK had generally lovely spring...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Sovereign Ratings, Default Risk and Markets: The Moody's Downgrade Aftermath! I was on a family vacation in August 2011 when I received an email from a journalist asking me what...
2nd Jun 2025
60

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

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

2nd Jun 2025
I was on a family vacation in August 2011 when I received an email from a journalist asking me what I thought about the S&P ratings downgrade for the US. Since I stay blissfully unaware of most news stories and things related to markets when I am on the beach, I had to look up...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Corporate Life Cycle: Managing, Valuation and Investing Implications! As I reveal my ignorance about TikTok trends, social media celebrities and Gen Z slang, my children...
20th Aug 2024
27

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

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

20th Aug 2024
As I reveal my ignorance about TikTok trends, social media celebrities and Gen Z slang, my children are quick to point out my age, and I accept that reality, for the most part. I understand that I am too old to exercise without stretching first or eat a heaping plate of cheese...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Data Update 1 for 2025: The Draw (and Danger) of Data For the last four decades, I have spent the first week of each year collecting and analyzing data on...
10th Jan 2025
31

Data Update 1 for 2025: The Draw (and Danger) of Data

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

10th Jan 2025
For the last four decades, I have spent the first week of each year collecting and analyzing data on publicly traded companies and sharing what I find with anyone who is interested. It is the end of the first full week in 2025, and my data update for the year is now up and...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A Few Notes on Moats Some non-obvious, even surprising things about building competitive moats, including when they might...
11th Feb 2026
1

A Few Notes on Moats

from Commoncog [alt+shift+b] in finance

11th Feb 2026
Some non-obvious, even surprising things about building competitive moats, including when they might not be necessary.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 61 – Soft war by the enemy How will recent Supreme Court decisions affect the crypto world? Also, more absurdity from the...
5th Jul 2024
134

Issue 61 – Soft war by the enemy

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

5th Jul 2024
How will recent Supreme Court decisions affect the crypto world? Also, more absurdity from the crypto lobby, and some new regulatory actions.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Two Americas, one bank branch, and $50,000 cash Ever wondered what happens if you try to take $50,000 in cash out of a bank? Answer: a year of...
5th Mar 2025
83

Two Americas, one bank branch, and $50,000 cash

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

5th Mar 2025
Ever wondered what happens if you try to take $50,000 in cash out of a bank? Answer: a year of investigative journalism.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Evaluating Information: Find the Signal in the Noise We are drowning in information. Most of that information is irrelevant. If only we could sort what...
3rd Aug 2022
78

Evaluating Information: Find the Signal in the Noise

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

3rd Aug 2022
We are drowning in information. Most of that information is irrelevant. If only we could sort what matters from what doesn’t. The good news is that you can train your brain to evaluate the quality of information. Not only can you quickly determine if someone knows what they are...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Few thoughts on life, psychology, and mindset I’ve been writing my thoughts on life, psychology, and mindset for some time. I’ve considered...
2nd Sep 2023
130

Few thoughts on life, psychology, and mindset

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

2nd Sep 2023
I’ve been writing my thoughts on life, psychology, and mindset for some time. I’ve considered transferring some of these writings from Notion into this post. In physics, three laws can explain 99% of observations. However, in life, psychology, and mindset, 99 laws can barely...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A Quarter Century of Investing Lessons learned from twenty-five years of enterprising investing
6th Jan 2025
1

A Quarter Century of Investing

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

6th Jan 2025
Lessons learned from twenty-five years of enterprising investing
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Fiacracy; A Mental Model for Modern Government This article will explain the following: 1. What is a Fiacracy 2. How do Fiacracies NOT work 3. How...
10th Aug 2024
50

The Fiacracy; A Mental Model for Modern Government

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

10th Aug 2024
This article will explain the following: 1. What is a Fiacracy 2. How do Fiacracies NOT work 3. How Fiacracies work 4. Are Fiacracies sustainable 5. Why Fiacracies matter 1. What is a fiacracy? It’s government by fiat (money). The driving mechanism by which it works is not...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
More Creators Can Now Make Money on YouTube YouTube Lowers Monetization Requirements for Creators. New Twitter CEO Linda Yaccarino Sets Out...
13th Jun 2023
42

More Creators Can Now Make Money on YouTube

from Mazdak [alt+shift+b] in finance

13th Jun 2023
YouTube Lowers Monetization Requirements for Creators. New Twitter CEO Linda Yaccarino Sets Out Vision for the Platform. YouTube Makes It Easier for Small Creators to Earn Money YouTube is lowering the eligibility requirements for creators to make money from their channels....
Direct Link [→] Remove from reading list Add to reading list [alt+a]
July ’23: Markets up, Coutts down It’s been a dismally wet July here in London. About 50% more rainfall than normal (which, before ye...
2nd Aug 2023
86

July ’23: Markets up, Coutts down

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

2nd Aug 2023
It’s been a dismally wet July here in London. About 50% more rainfall than normal (which, before ye scoff, isn’t that much – London is a fairly dry city – drier than Rome and much drier than Sydney). It has been long trousers weather, for the first time in several years. But at...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Trillions Flow into AI: The New Infrastructure Arms Race 🌐 Big Tech Bets Trillions on AI Infrastructure
26th Jun 2025
66

Trillions Flow into AI: The New Infrastructure Arms Race

from Mazdak [alt+shift+b] in finance

26th Jun 2025
🌐 Big Tech Bets Trillions on AI Infrastructure
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Risk and AI: It's Tricky The possibility that AI will end up unleashing waves of 'Anti-Progress'--malicious uses,...
1st Jul 2026
1

Risk and AI: It's Tricky

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

1st Jul 2026
The possibility that AI will end up unleashing waves of 'Anti-Progress'--malicious uses, untrustworthy output and uncontrollable floods of slop--also doesn't occur to those confined in the current belief construct. A funny thing happens on the way to understanding risk: we...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Situational Awareness Blow-up: The Collateral Damage from Investing Conviction! Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew...
11th Aug 2026
1

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

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

11th Aug 2026
Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew little about him other than what I had read about him, more in social media, than in the press - that he was a 25-year-old wunderkind who had started at OpenAI but had left to...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 87 – SO ORDERED Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders,...
1st Jul 2025
47

Issue 87 – SO ORDERED

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

1st Jul 2025
Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Mar ’23: Harvesting tax losses March has been rather a wet month in London. Wet, and cold. This translates into the ski slopes in...
7th Apr 2023
75

Mar ’23: Harvesting tax losses

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

7th Apr 2023
March has been rather a wet month in London. Wet, and cold. This translates into the ski slopes in the French Alps (finally) having great conditions – sadly too late for me to enjoy. Further north, it’s been a month of big change in Scotland. Nicola Sturgeon, the...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A Few Books and Resources I’ve Found Useful Over the Years If someone had told me three and a half years ago that there would be something called ChatGPT that...
31st Dec 2025
1

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

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

31st Dec 2025
If someone had told me three and a half years ago that there would be something called ChatGPT that could answer questions across almost any discipline, I would have called them a lunatic. And yet, here we are. That’s exactly what ChatGPT does today. I can ask it coding...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
One Definition of Wisdom Charlie Munger’s biggest business mistake, and what it tells us about wisdom.
14th Feb 2024
123

One Definition of Wisdom

from Commoncog [alt+shift+b] in finance

14th Feb 2024
Charlie Munger’s biggest business mistake, and what it tells us about wisdom.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Capital Gains Tax Hike: Sell Now or Hold On? A Canadian Investor's Guide Canada's recent federal budget has sent ripples through the investment and real estate communities....
24th May 2024
149

Capital Gains Tax Hike: Sell Now or Hold On? A Canadian Investor's Guide

from Mazdak [alt+shift+b] in finance

24th May 2024
Canada's recent federal budget has sent ripples through the investment and real estate communities. A key change: a looming increase in capital gains tax on sizeable transactions. This has many wondering – should I sell assets before June 25th, 2024, to avoid the taxman's bite?...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Sep ’25: Gains continue, and I trim September was a busy month. In the middle of it we saw a disruptive tube strike. I don’t use the...
11th Oct 2025
35

Sep ’25: Gains continue, and I trim

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

11th Oct 2025
September was a busy month. In the middle of it we saw a disruptive tube strike. I don’t use the tube that much so didn’t expect it to affect me much but two important meetings were postponed, one of which still hasn’t happened, so that event has stayed in my memory. Thank...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The War That I don't have an analysis or insight to offer doesn't mean I don't care. It simply means there...
1st Mar 2026
6

The War

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

1st Mar 2026
That I don't have an analysis or insight to offer doesn't mean I don't care. It simply means there are limits on what we know, and what we do know suggests circumspection. War seems to demand some response--opinion, analysis, insight--lest it seem that we're uncaring or...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Open Banking and payments competition Why the banks really hate fintechs that allow businesses to learn your account number easily.
13th Aug 2025
38

Open Banking and payments competition

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

13th Aug 2025
Why the banks really hate fintechs that allow businesses to learn your account number easily.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Deposit franchises as natural hedges Many observe that banks seem to be blowing up due to predictable consequences of rising interest...
5th May 2023
45

Deposit franchises as natural hedges

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

5th May 2023
Many observe that banks seem to be blowing up due to predictable consequences of rising interest rates. How did we get here?
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Economic Tailwinds and Headwinds After the election in November 2016, I pointed out that the economy was solid, that there were...
1st Apr 2025
61

Economic Tailwinds and Headwinds

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

1st Apr 2025
After the election in November 2016, I pointed out that the economy was solid, that there were significant economic tailwinds and that it was unlikely that Mr. Trump would do everything he said during the campaign. See: The Future is still Bright! and The Cupboard is Full.  I...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Anthropic Feedback Loop: The Cost of Capital Delusion and Diversion! I knew that my post on Anthropic would draw strong reactions, when I made it public last week. I did...
a week ago
1

The Anthropic Feedback Loop: The Cost of Capital Delusion and Diversion!

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

a week ago
I knew that my post on Anthropic would draw strong reactions, when I made it public last week. I did mention in the course of the post that I have no interest in selling my estimate of value to the rest of the world, both because I don't own the high ground here and because it is...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Caroline Ellison: A woman with agency or a helpless pawn? Why did the former Alameda Research CEO receive only two years imprisonment for her role in the FTX...
2nd Oct 2024
83

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

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

2nd Oct 2024
Why did the former Alameda Research CEO receive only two years imprisonment for her role in the FTX collapse?
Direct Link [→] Remove from reading list Add to reading list [alt+a]
September ’26: Income rush Last month saw “La rentree” – the return to the real world, after an enjoyable summer. Very much so...
12th Oct 2026
1

September ’26: Income rush

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

12th Oct 2026
Last month saw “La rentree” – the return to the real world, after an enjoyable summer. Very much so for me, as it happens – but with plenty of enjoyment still to be found. I’ve taken in Frida Kahlo at the Tate Modern, a spot of luxury in the south of France, a City ritual…...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Can Tactical Decision Games Accelerate ... Maths? What if we could take Tactical Decision Games — a kind of accelerated expertise training method —...
6 days ago
1

Can Tactical Decision Games Accelerate ... Maths?

from Commoncog [alt+shift+b] in finance

6 days ago
What if we could take Tactical Decision Games — a kind of accelerated expertise training method — and apply it to subjects like maths?
Direct Link [→] Remove from reading list Add to reading list [alt+a]
We Still Have No Idea Whether Passive Investing is a Meaningful Risk Plus! Complements and Strategy; Privacy, Competition, and Scale; Platforms and Ownership; KYC;...
26th Nov 2024
44

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

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

26th Nov 2024
Plus! Complements and Strategy; Privacy, Competition, and Scale; Platforms and Ownership; KYC; Tariff Man
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Long Shadow of Checks A lot of more modern financial infrastructure follows the paths blazed by checks, at least in the...
13th Dec 2023
127

The Long Shadow of Checks

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

13th Dec 2023
A lot of more modern financial infrastructure follows the paths blazed by checks, at least in the U.S.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Feb ’23: taking profits February was cold, but mercifully dry. The days are becoming a welcome bit longer. London is filling...
14th Mar 2023
70

Feb ’23: taking profits

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

14th Mar 2023
February was cold, but mercifully dry. The days are becoming a welcome bit longer. London is filling up again, post covid, though Mondays and Fridays remain subdued to put it mildly. Market movements in February In the markets, February started strongly, but then something...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Edge Thinking with Machines was such a joyful read that I finished it in a single sitting during a...
8th Feb 2026
1

The Edge

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

8th Feb 2026
Thinking with Machines was such a joyful read that I finished it in a single sitting during a seven-hour flight. Do read it if you want to understand how AI will change the way we live and work. Vasant has lived through every major shift in AI, from expert systems to today’s push...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Joy of Small Markets If you want to get rich, the irony is that small markets are often better than large ones.
2nd Sep 2025
45

The Joy of Small Markets

from Commoncog [alt+shift+b] in finance

2nd Sep 2025
If you want to get rich, the irony is that small markets are often better than large ones.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Truth Be Told The ultimate truth is revealing the truth of the situation and our feelings about it are a relief,...
15th Oct 2026
1

Truth Be Told

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

15th Oct 2026
The ultimate truth is revealing the truth of the situation and our feelings about it are a relief, and the starting point to moving forward in a positive direction. This is the first in a series of posts around the theme of Truth Be Told, a theme that demands some...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Reflections on the Software Dark Factory Q&A Some thoughts from watching a demo of a Software Dark Factory.
3rd Jun 2026
1

Reflections on the Software Dark Factory Q&A

from Commoncog [alt+shift+b] in finance

3rd Jun 2026
Some thoughts from watching a demo of a Software Dark Factory.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The 2024 Commoncog Recap Everything that we covered in 2024, and what to expect in the coming year.
8th Jan 2025
86

The 2024 Commoncog Recap

from Commoncog [alt+shift+b] in finance

8th Jan 2025
Everything that we covered in 2024, and what to expect in the coming year.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Data Update 5 for 2025: It's a small world, after all! If the title of this post sounds familiar, it is because is one of Disney’s most iconic rides, one...
6th Feb 2025
37

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

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

6th Feb 2025
If the title of this post sounds familiar, it is because is one of Disney’s most iconic rides, one that I have taken hundreds of times, first with my own children and more recently, with my grandchildren. It is a mainstay of every Disney theme park, from the original Disneyland...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Trump claims US banks can't open in Canada—US banks disagree In what seems to be an effort to extort Canada for additional benefits, Donald Trump complained...
4th Feb 2025
42

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

from Moneyness [alt+shift+b] in finance

4th Feb 2025
In what seems to be an effort to extort Canada for additional benefits, Donald Trump complained yesterday on social media that CANADA DOESN'T EVEN ALLOW U.S. BANKS TO OPEN OR DO BUSINESS THERE. And so according to Trump, Canada doubly deserves to be disciplined with...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Only Thing That Matters Business skill, as the ability to cut a messy business problem down to a single, most important...
3rd Nov 2025
18

The Only Thing That Matters

from Commoncog [alt+shift+b] in finance

3rd Nov 2025
Business skill, as the ability to cut a messy business problem down to a single, most important thing.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Being an Amazon Seller in 2021; Year in Review I’m the founder and CEO of Viahart (est. 2010), an e-commerce focused educational toy company. We...
23rd Jan 2022
27

Being an Amazon Seller in 2021; Year in Review

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

23rd Jan 2022
I’m the founder and CEO of Viahart (est. 2010), an e-commerce focused educational toy company. We did $8.8 million in sales in 2021. This article is going to tell you what it was like to run this business in 2021 vs. 2020, amidst threats like the Amazon aggregators, supply chain...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 63 – RobConf 2024 Coinbase responds to campaign finance violation allegations, Trump panders to bitcoiners, and I chat...
7th Aug 2024
118

Issue 63 – RobConf 2024

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

7th Aug 2024
Coinbase responds to campaign finance violation allegations, Trump panders to bitcoiners, and I chat with Lyn Alden about sexism in bitcoin.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Trump to launch branded crypto trading application New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of...
3rd Jun 2025
36

Trump to launch branded crypto trading application

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

3rd Jun 2025
New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of President Trump to buy his memecoin
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
7th Jun 2024
134

Issue 59 – Hot damn, this is going to get interesting quickly

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

7th Jun 2024
Are US legislators warming to crypto? The SEC approves Ethereum ETPs, and a crypto bill gets through the House.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Buffett Completes Succession Plan Warren Buffett has completed Berkshire's succession plan as he steps down as Chairman.
18th Sep 2026
1

Buffett Completes Succession Plan

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

18th Sep 2026
Warren Buffett has completed Berkshire's succession plan as he steps down as Chairman.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Brainwashing for Confidence My mom brainwashed me to be confident. She told me over and over that I was great and destined for...
15th Apr 2026
1

Brainwashing for Confidence

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

15th Apr 2026
My mom brainwashed me to be confident. She told me over and over that I was great and destined for great things. And it worked. To this day, when I lose or make a mistake, I get mad, but I always wind up where my mother left me: “You’re great. All you need is more practice.” And...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
If We Set Aside Ideology, Is There Anything We Can Agree On? Just the experiment of setting aside ideological certainties for a moment would be instructive. ...
3rd Mar 2025
47

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

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

3rd Mar 2025
Just the experiment of setting aside ideological certainties for a moment would be instructive. Humans are hard-wired to prefer simplicity over complexity, and this is the foundation of ideology, which like mythology takes a complex world and radically simplifies it to an...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Mirrortable Mirrortables are to cap tables what stablecoins are to fiat currencies. They streamline and...
26th Dec 2021
42

The Mirrortable

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

26th Dec 2021
Mirrortables are to cap tables what stablecoins are to fiat currencies. They streamline and internationalize the logistical mess of angel investing.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Understanding Anthropic Plus! Pulled IPOs; Non-Fungibility; The News Business; Opt-Outs; Writing
a week ago
1

Understanding Anthropic

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

a week ago
Plus! Pulled IPOs; Non-Fungibility; The News Business; Opt-Outs; Writing
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How to Run Smart Experiments When You Just Don’t Know How all good entrepreneurs run experiments at the earliest stages of a business, and how you can use...
20th Aug 2025
44

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

from Commoncog [alt+shift+b] in finance

20th Aug 2025
How all good entrepreneurs run experiments at the earliest stages of a business, and how you can use this approach for your own career.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Seeing like a Bank The structural reasons why banks sometimes behave bizarrely in interactions with customers, like...
7th Nov 2023
125

Seeing like a Bank

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

7th Nov 2023
The structural reasons why banks sometimes behave bizarrely in interactions with customers, like forgetting things which customers tell them.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Feb ’26: Before Iran So, for the avoidance of doubt, the end of the month is the last trading day of the month. Which for...
16th Mar 2026
1

Feb ’26: Before Iran

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

16th Mar 2026
So, for the avoidance of doubt, the end of the month is the last trading day of the month. Which for February, meant Friday February 27th. The fact that the Israelis and the Americans invaded Iran on February 28th is going to impact March, not February. Which is just as well...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Digest #227 Final Issue: Bitcoin at $100K, Buffett and Munger Unscripted, Blue Chip Stamps, Flawed CPI...
5th Dec 2024
1

The Digest #227

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

5th Dec 2024
Final Issue: Bitcoin at $100K, Buffett and Munger Unscripted, Blue Chip Stamps, Flawed CPI Statistics, Ergodicity, The End of Shame, Notre Dame, Online Censorship, Healthcare Costs, and more ...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Greg Abel’s 2026 Letter to Shareholders Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the...
2nd Mar 2026
1

Greg Abel’s 2026 Letter to Shareholders

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

2nd Mar 2026
Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the company's unique culture.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How should money laundering laws apply to DeFi? Everyone agrees that money laundering laws apply to DeFi. The question is: how to apply them? DeFi,...
14th Sep 2024
25

How should money laundering laws apply to DeFi?

from Moneyness [alt+shift+b] in finance

14th Sep 2024
Everyone agrees that money laundering laws apply to DeFi. The question is: how to apply them? DeFi, or decentralized finance, is an emerging segment of the broader financial industry that delivers traditional financial services, say like trading or lending, using a novel type of...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Why We Shouldn’t “Buy the Dip” “Buying the dip” is buy stocks whenever there is a short-term decline in stock prices, under the...
29th May 2023
22

Why We Shouldn’t “Buy the Dip”

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

29th May 2023
“Buying the dip” is buy stocks whenever there is a short-term decline in stock prices, under the assumption that asset prices will quickly revert, enabling you to make money. This article explains why a government-driven culture of “buying the dip” can be damaging to you and...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 94 – Backdoor deals Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and...
8th Oct 2025
34

Issue 94 – Backdoor deals

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

8th Oct 2025
Trump is still corrupt, a core developer warns bitcoin won’t survive an upcoming code change, and crypto lenders are ratcheting up leverage like it’s 2022.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Google’s New AI Summaries in Discover: The Next Blow to Publishers? If you work in media or publishing, brace yourself — another platform update from Google is quietly...
15th Jul 2025
47

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

from Mazdak [alt+shift+b] in finance

15th Jul 2025
If you work in media or publishing, brace yourself — another platform update from Google is quietly shifting the ground beneath us.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Heart of Innovation: Why Most Startups Fail A theory of demand (and product market fit) that explains it all, and does NOT require ‘pain’ to do...
12th May 2025
70

The Heart of Innovation: Why Most Startups Fail

from Commoncog [alt+shift+b] in finance

12th May 2025
A theory of demand (and product market fit) that explains it all, and does NOT require ‘pain’ to do it.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Irresistible Temptations of Centralized Power The only "reform" that changes our lives in a fundamentally positive way is radical decentralization...
1st Sep 2026
1

The Irresistible Temptations of Centralized Power

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

1st Sep 2026
The only "reform" that changes our lives in a fundamentally positive way is radical decentralization via distributing centralized power. Presidents like to deal with the CEOs of corporate monopolies for self-evident reasons: Rather than engage in the tedious, contentious...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
August ’26: Summer calm August was another fabulous summer month in the UK. The lack of rain became a nasty drought, with...
21st Sep 2026
1

August ’26: Summer calm

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

21st Sep 2026
August was another fabulous summer month in the UK. The lack of rain became a nasty drought, with hosepipe bans across much of the country – including my Coastal Folly’s Wessex Water supplier (for the first time in over 50 years). But lawns aside it made for an enjoyable month. I...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
California Is Not A Democracy It's a one-party state. They hold elections, but the Party always wins.
10th Jun 2024
147

California Is Not A Democracy

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

10th Jun 2024
It's a one-party state. They hold elections, but the Party always wins.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Best Age to Start Taking Social Security: It's Not What You Think When you reach full retirement age (FRA), you can start taking Social Security benefits. But you may...
18th Sep 2023
42

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

from Mazdak [alt+shift+b] in finance

18th Sep 2023
When you reach full retirement age (FRA), you can start taking Social Security benefits. But you may want to consider taking them sooner, even if it means a smaller monthly check. Here's why: Your benefits will grow by 8% per year for each year you delay taking them, up to age...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Jan ’26 January media seemed dominated by Greenland and Davos. As part of my efforts to avoid amplifying...
8th Feb 2026
1

Jan ’26

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

8th Feb 2026
January media seemed dominated by Greenland and Davos. As part of my efforts to avoid amplifying unstable narcissistic media-whore leaders, I haven’t got much to comment about. London has been pretty wet and miserable, as is January’s reputation. Meanwhile, markets were up quite...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Setting the Business Expertise Series Free Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her...
6th Jun 2023
110

Setting the Business Expertise Series Free

from Commoncog [alt+shift+b] in finance

6th Jun 2023
Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her collaborators.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
1st May 2024
135

We can have a different web

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

1st May 2024
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.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Feb ’25: The top comes off What’s in the news? The Trump, is in the news. He gets more than enough coverage without me adding...
15th Mar 2025
61

Feb ’25: The top comes off

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

15th Mar 2025
What’s in the news? The Trump, is in the news. He gets more than enough coverage without me adding to it. From the point of view of what affects portfolios like mine, a few things happened What’s going on with me? My personal life was quite busy in February. I visited the UK city...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
When People Outperform Data People who succeed via analysis of numbers and facts need to learn that understanding of people can...
23rd Nov 2024
38

When People Outperform Data

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

23rd Nov 2024
People who succeed via analysis of numbers and facts need to learn that understanding of people can make that analysis unnecessary and can even outperform it. Examples: 1. Amazon did not make money between its 1994 founding through 2002. There was no financial or business...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
July ’25: New high watermark There wasn’t a huge amount to report from July. Politically/economically I fear the most important...
16th Aug 2025
40

July ’25: New high watermark

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

16th Aug 2025
There wasn’t a huge amount to report from July. Politically/economically I fear the most important event in the UK was the Labour government’s failure to enact its intended welfare reforms. This leaves the government a) unable to control spending b) unable to nudge the economy...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Credit cards as a legacy system Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences...
2nd Dec 2022
38

Credit cards as a legacy system

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

2nd Dec 2022
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.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Greg Abel’s Unique Challenge Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that...
31st Dec 2025
1

Greg Abel’s Unique Challenge

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

31st Dec 2025
Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that will involve at least three major challenges.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Apple’s 2025 Product Unveiling: What’s New and What Actually Matters Apple’s latest keynote delivered a sweeping set of updates across AirPods, iPhones, and the Apple...
9th Sep 2025
59

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

from Mazdak [alt+shift+b] in finance

9th Sep 2025
Apple’s latest keynote delivered a sweeping set of updates across AirPods, iPhones, and the Apple Watch lineup.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Decentralizing Education with Synthesis I'm co-leading a round in Synthesis, a startup scaling the custom school built for Elon Musk’s kids.
21st Apr 2022
37

Decentralizing Education with Synthesis

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

21st Apr 2022
I'm co-leading a round in Synthesis, a startup scaling the custom school built for Elon Musk’s kids.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Greed & Fear Tango: The Markets in April 2025! I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the...
3rd May 2025
55

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

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

3rd May 2025
I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the market reacted with a sell off that knocked more than $9 trillion in market cap for global equities in the next two days. The month was off to a bad start, and tariffs remained the...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Markets in power How physics and infrastructure combine to generate (ba dum bum) the power market.
30th Sep 2022
43

Markets in power

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

30th Sep 2022
How physics and infrastructure combine to generate (ba dum bum) the power market.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Warren Buffett’s Final Brushstrokes Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final...
5th May 2025
1

Warren Buffett’s Final Brushstrokes

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

5th May 2025
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Letter to a Young Person Worrying About AI It is a common misperception that you must be able to predict the future to do well. But it’s...
20th Oct 2025
42

Letter to a Young Person Worrying About AI

from Commoncog [alt+shift+b] in finance

20th Oct 2025
It is a common misperception that you must be able to predict the future to do well. But it’s possible to act without prediction, even in the face of AI. This is how.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Imitation Game: Defending against AI's Dark Side! A few weeks ago, I started receiving a stream of message about an Instagram post that I was...
5th Aug 2025
50

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

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

5th Aug 2025
A few weeks ago, I started receiving a stream of message about an Instagram post that I was allegedly starring in, where after offering my views on Palantir's valuation, I was soliciting investors to invest with me (or with an investment entity that had ties to me). I was not...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Joys and Tragedies of Naivete Our naivete is being exploited so ruthlessly and with such abandon that the golden age of the Big...
5th Aug 2026
2

The Joys and Tragedies of Naivete

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

5th Aug 2026
Our naivete is being exploited so ruthlessly and with such abandon that the golden age of the Big Con is consuming itself. Naivete is interesting because it's so easily confused with confidence, native optimism, youthful enthusiasm, and a host of delusions, including...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A “Fairly Highly Valued” Market: A Fed Chair Opines on Stocks, but should we listen? In December 1996, Alan Greenspan used the words "irrational exuberance" to describe the stock market...
6th Oct 2025
43

A “Fairly Highly Valued” Market: A Fed Chair Opines on Stocks, but should we listen?

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

6th Oct 2025
In December 1996, Alan Greenspan used the words "irrational exuberance" to describe the stock market at the time, and those words not only became the title of Robert Shiller's cautionary book on market bubbles, but also the beginnings of the belief that central bankers had the...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A Quarter Century of Investing Lessons learned from twenty-five years of enterprising investing
6th Jan 2025
1

A Quarter Century of Investing

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

6th Jan 2025
Lessons learned from twenty-five years of enterprising investing
Direct Link [→] Remove from reading list Add to reading list [alt+a]
⚖️ Copyright Law and Generative AI Generative AI is revolutionizing the way we create, but it's also raising complex legal questions...
1st Dec 2023
101

⚖️ Copyright Law and Generative AI

from Mazdak [alt+shift+b] in finance

1st Dec 2023
Generative AI is revolutionizing the way we create, but it's also raising complex legal questions about copyright law. 🤯 What's the Issue? 🤔 Copyright law protects original works created by humans. But what about AI-generated content? Is it protected by copyright? 🤔
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 76 – Tripartisan legislation Crypto exchanges face legal troubles, and Trump’s crypto empire grows as regulations are slashed and...
6th Feb 2025
53

Issue 76 – Tripartisan legislation

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

6th Feb 2025
Crypto exchanges face legal troubles, and Trump’s crypto empire grows as regulations are slashed and enforcement is sidelined.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Why the CrowdStrike bug hit banks hard Regulation-induced monocultures meet unfortunate but explicable engineering decisions.
31st Jul 2024
135

Why the CrowdStrike bug hit banks hard

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

31st Jul 2024
Regulation-induced monocultures meet unfortunate but explicable engineering decisions.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Debanking (and Debunking?) Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for...
9th Dec 2024
117

Debanking (and Debunking?)

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

9th Dec 2024
Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Why sanctions didn’t stop Russia's Garantex from using stablecoins Stablecoins, a new type of financial institution, are unique in two ways. First, they use...
2nd Apr 2025
73

Why sanctions didn’t stop Russia's Garantex from using stablecoins

from Moneyness [alt+shift+b] in finance

2nd Apr 2025
Stablecoins, a new type of financial institution, are unique in two ways. First, they use decentralized databases like Ethereum and Tron to run their platforms. Secondly, and more important for the purposes of this article, they grant access to almost anyone, no questions...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Seven Samurai: How Big Tech Rescued the Market in 2023! I was planning to finish my last two data updates for 2024, but decided to take a break and look at...
9th Feb 2024
29

The Seven Samurai: How Big Tech Rescued the Market in 2023!

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

9th Feb 2024
I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. While I will use the "Magnificent Seven" moniker attached by these...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
2nd Dec 2024
51

The One-Big-Side-Bet Model of Wealth Creation

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

2nd Dec 2024
Plus! Diff Jobs; Building Japan's Financial Ecosystem; The New Balance of Trade; Where Return on Investment Goes; Broken ETFs; Swipe Fees and Accounting
Direct Link [→] Remove from reading list Add to reading list [alt+a]
What happens if the US loses reserve currency status? A reserve currency is the currency that people all over the world prefer to store their savings...
29th Apr 2024
23

What happens if the US loses reserve currency status?

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

29th Apr 2024
A reserve currency is the currency that people all over the world prefer to store their savings in. Today that currency is the US dollar. From the Middle East, to Asia, to South America — Whether it's a family that needs to keep some money around just in case or a country, most...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How to Handle Disruptive Change As a business, how do you deal with disruption — technological or otherwise? Some patterns from a...
16th Sep 2026
-2

How to Handle Disruptive Change

from Commoncog [alt+shift+b] in finance

16th Sep 2026
As a business, how do you deal with disruption — technological or otherwise? Some patterns from a collection of case studies.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Why Healthcare Is in a Death Spiral: Follow the Money If each of these is not a part of any 'reform,' than all that is being done is pouring money into a...
1st Dec 2025
2

Why Healthcare Is in a Death Spiral: Follow the Money

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

1st Dec 2025
If each of these is not a part of any 'reform,' than all that is being done is pouring money into a monopolizing cartel, just in a slightly different way. Unbeknownst to those of us with little inside knowledge of the complex financial plumbing of the US healthcare system,...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Operational Excellence is the Pursuit of ‘Knowledge’ It turns out that operational excellence results from the pursuit of a certain form of knowledge....
16th Mar 2023
141

Operational Excellence is the Pursuit of ‘Knowledge’

from Commoncog [alt+shift+b] in finance

16th Mar 2023
It turns out that operational excellence results from the pursuit of a certain form of knowledge. This is Part 3 of the Becoming Data Driven series, and the result of a deep dive into the field of statistical process control.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
America Underestimates the Difficulty of Bringing Manufacturing Back On April 2nd, 2025, our president announced major new taxes on imports from foreign countries...
6th Apr 2025
107

America Underestimates the Difficulty of Bringing Manufacturing Back

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

6th Apr 2025
On April 2nd, 2025, our president announced major new taxes on imports from foreign countries (“tariffs”), ranging from 10% to 49%. The stated goal is to bring manufacturing back to the United States and to “make America wealthy again”. These tariffs will not work. In fact, they...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Oct ’23: Terror erupts from Gaza It’s the Middle East again. I don’t have any perspective on it, sadly, other than that I hear of...
5th Nov 2023
110

Oct ’23: Terror erupts from Gaza

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

5th Nov 2023
It’s the Middle East again. I don’t have any perspective on it, sadly, other than that I hear of some nasty low level youth violence/intimidation/vandalism in North London in Jewish neighbourhoods by pro-Palestinian, dare-I-say-it pro-Hamas hotheads. But in most of London life...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
June ’26: Is zero tax worth the hassle? Monaco I was lucky enough to go to Monaco for the F1 in June. Something I feel quite strongly about...
19th Jul 2026
1

June ’26: Is zero tax worth the hassle?

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

19th Jul 2026
Monaco I was lucky enough to go to Monaco for the F1 in June. Something I feel quite strongly about and have written about before on this blog is how strong the monkey brain wiring is for us all to peg ourselves off the next rung up on the ladder. No matter how high up… Continue...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A window into modern loan origination A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
10th Oct 2025
46

A window into modern loan origination

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

10th Oct 2025
A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Guys what is wrong with ACATS Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the...
24th May 2024
134

Guys what is wrong with ACATS

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

24th May 2024
Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the background. No cats were harmed.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Apr ’23: Wind and windfalls April saw the season of long weekends begin here in the UK. Easter saw me inspired by the Ermine to...
6th May 2023
113

Apr ’23: Wind and windfalls

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

6th May 2023
April saw the season of long weekends begin here in the UK. Easter saw me inspired by the Ermine to check out Dorset’s Chesil beach. We struck lucky with the weather and had a fine, distinctly non-London, time, over a very blustery Easter weekend. My walking shoes seem to have...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Creation of a Skilled Tycoon What it looks like when an Asian tycoon gets good at the game of business.
8th Dec 2025
1

The Creation of a Skilled Tycoon

from Commoncog [alt+shift+b] in finance

8th Dec 2025
What it looks like when an Asian tycoon gets good at the game of business.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
July ’24: New UK government July has been quite a busy month. I’ve been getting about a bit. Some South Coast action, some...
5th Aug 2024
125

July ’24: New UK government

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

5th Aug 2024
July has been quite a busy month. I’ve been getting about a bit. Some South Coast action, some Mediterranean fun, a trip up to Oxford, a visit to one of England’s great Cathedrals, and more. And July saw some fine times in London. Both outdoors and inside. And of course we had...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Primary Sources Consulting primary sources represents table stakes for intelligent investors and responsible...
11th Feb 2025
1

Primary Sources

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

11th Feb 2025
Consulting primary sources represents table stakes for intelligent investors and responsible citizens.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
You Aren't Learning If You Don't Close the Loops Every experimentation and iteration loop looks the same, but the vast majority of folk in business...
2nd Nov 2022
112

You Aren't Learning If You Don't Close the Loops

from Commoncog [alt+shift+b] in finance

2nd Nov 2022
Every experimentation and iteration loop looks the same, but the vast majority of folk in business don't seem to have the discipline to execute till the end. Why this is, and why it's hard.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
May ’24: UK election called The month of May seems a little while ago, so I’d better get on and write it up. This will be quick....
14th Jun 2024
141

May ’24: UK election called

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

14th Jun 2024
The month of May seems a little while ago, so I’d better get on and write it up. This will be quick. The big news in the UK was Rishi Sunak, the outgoing PM, calling a general election for 4 July. Independence-from-the-Tories Day. May was also the month that u-turner/blowharder...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Winner’s Edge A lot of otherwise talented people are too pessimistic to actually do anything. They are paralyzed...
19th Apr 2023
183

The Winner’s Edge

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

19th Apr 2023
A lot of otherwise talented people are too pessimistic to actually do anything. They are paralyzed by risks that don’t exist and greatly exaggerate them where they do, preventing them from being one of the best. Consider this lightly edited excerpt from a conversation between...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A Sketch of Meta as an Enterprise AI Company Plus! IP; Gemini; Interfaces; The End Customer; Humans
1st Oct 2026
1

A Sketch of Meta as an Enterprise AI Company

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

1st Oct 2026
Plus! IP; Gemini; Interfaces; The End Customer; Humans
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Stay the course I spend a couple of weeks every February keeping up with my investments, timing it to coincide with...
5th Mar 2024
154

Stay the course

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

5th Mar 2024
I spend a couple of weeks every February keeping up with my investments, timing it to coincide with the release of Buffett’s annual letter to shareholders. I found something interesting while performing this ritual this time. I came across Aswath Damodaran’s website, where he has...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
AI Scenarios: From Doomsday Destruction to Do-Nothing Bots! When Chat GPT made its debut on November 30, 2022, it unleashed the hype of AI, and in the three...
4th Mar 2026
1

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

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

4th Mar 2026
When Chat GPT made its debut on November 30, 2022, it unleashed the hype of AI, and in the three years since, AI has taken on an outsized role not just in markets, but also in our lives. For much of the time, the AI story has been told by its advocates and its salespeople, and...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
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...
4th Apr 2023
108

There Is No Truth in Business, Only Knowledge

from Commoncog [alt+shift+b] in finance

4th Apr 2023
'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.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Data and the Capital Cycle: How Koch Became an Empire How Koch Industries became an empire. We draw on ideas from both the Becoming Data Driven series and...
11th Dec 2023
112

Data and the Capital Cycle: How Koch Became an Empire

from Commoncog [alt+shift+b] in finance

11th Dec 2023
How Koch Industries became an empire. We draw on ideas from both the Becoming Data Driven series and the Capital Expertise series.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
OpenAI Launches GPT‑4.1: What You Need to Know About the New Family of AI Models OpenAI has officially released the GPT‑4.1 family — and it’s more than just a minor upgrade.
14th Apr 2025
65

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

from Mazdak [alt+shift+b] in finance

14th Apr 2025
OpenAI has officially released the GPT‑4.1 family — and it’s more than just a minor upgrade.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Capital Cycle What a famous investing framework — part of the modern canon of value investing — tells us about the...
20th Sep 2023
125

The Capital Cycle

from Commoncog [alt+shift+b] in finance

20th Sep 2023
What a famous investing framework — part of the modern canon of value investing — tells us about the expertise of capital in business.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
AI Data Centers Are Not the Railroads of Today The AI boom shares all the risk profiles of previous speculative manias but lacks society-wide...
1st Jun 2026
1

AI Data Centers Are Not the Railroads of Today

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

1st Jun 2026
The AI boom shares all the risk profiles of previous speculative manias but lacks society-wide benefits while generating fast-metastasizing negative consequences and costs. The idea that the current bubble in AI data centers is an echo of the railroad-construction bubble of...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Real Estate Newsletter Articles this Week: New Home Sales Decrease to 657,000 Annual Rate in January At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. New Home...
1st Mar 2025
37

Real Estate Newsletter Articles this Week: New Home Sales Decrease to 657,000 Annual Rate in January

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

1st Mar 2025
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. New Home Sales Decrease to 657,000 Annual Rate in January Case-Shiller: National House Price Index Up 3.9% year-over-year in December Inflation Adjusted House Prices 1.0% Below 2022...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
A review of Number Go Up, on crypto shenanigans A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether...
29th Sep 2023
54

A review of Number Go Up, on crypto shenanigans

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

29th Sep 2023
A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether specifically.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
What Kills Cartels? Plus! Diff Jobs; Strategic Investments; Media Form Factors; Fees; Critical Minerals; Brand Names
2nd Feb 2026
0

What Kills Cartels?

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

2nd Feb 2026
Plus! Diff Jobs; Strategic Investments; Media Form Factors; Fees; Critical Minerals; Brand Names
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Renovatio monetae This silver pfennig from the Archbishopric of Magdeburg (1152-1192) was subject to a policy of...
8th May 2024
27

Renovatio monetae

from Moneyness [alt+shift+b] in finance

8th May 2024
This silver pfennig from the Archbishopric of Magdeburg (1152-1192) was subject to a policy of renovatio monetae. Twice a year whoever held it had to bring it in to be changed for new coins at a rate of four old coins to three new coins. That suggests an annualized tax rate on...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Nov ’25: Coastal Folly loan repaid Trump dominated the headlines again. This time partly due to some very biased editing by the BBC of...
14th Dec 2025
2

Nov ’25: Coastal Folly loan repaid

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

14th Dec 2025
Trump dominated the headlines again. This time partly due to some very biased editing by the BBC of a Panorama show about Trump before the US election. There was also the omnipresent UK Budget. Which has had more than enough coverage. I did a ‘damage assessment‘ at the time and...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Warren Buffett’s Thanksgiving Letter Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
11th Nov 2025
1

Warren Buffett’s Thanksgiving Letter

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

11th Nov 2025
Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Putting the Jobs to be Done Interview to Practice Things we wished someone told us, before we put the JTBD interview to practice.
9th Jul 2025
55

Putting the Jobs to be Done Interview to Practice

from Commoncog [alt+shift+b] in finance

9th Jul 2025
Things we wished someone told us, before we put the JTBD interview to practice.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Stablecoins are non-fungible, bank deposits are fungible On Twitter/X, I recently suggested that the network effects of the stablecoin market are massive....
14th Jan 2025
32

Stablecoins are non-fungible, bank deposits are fungible

from Moneyness [alt+shift+b] in finance

14th Jan 2025
On Twitter/X, I recently suggested that the network effects of the stablecoin market are massive. Tether, which has four times more wallets than all other stablecoins, is locked-in as the stablecoin lingua franca, just like English has been locked-in as the global language of...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Understanding the Stock Market Cycle The stock market cycle is a crucial concept for investors aiming to navigate the financial markets...
7th Jun 2024
144

Understanding the Stock Market Cycle

from Mazdak [alt+shift+b] in finance

7th Jun 2024
The stock market cycle is a crucial concept for investors aiming to navigate the financial markets effectively. It represents the period from a market low to a peak and back again. Understanding the dynamics behind these cycles can help investors maintain their strategies during...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Jon McNeill: How Elon Musk Makes Decisions Jon McNeill is the former President of Tesla and the co-founder and CEO of DVx Ventures. Elon Musk...
a week ago
1

Jon McNeill: How Elon Musk Makes Decisions

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

a week ago
Jon McNeill is the former President of Tesla and the co-founder and CEO of DVx Ventures. Elon Musk believes speed creates a competitive advantage, whether it’s speed of decision, speed of cash, or speed of response. But what does that look like day to day, and how do you build a...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
LinkedIn Goes All In on Vertical Video For years, platforms like TikTok, Instagram Reels, and YouTube Shorts have dominated the short-form...
4th Feb 2025
46

LinkedIn Goes All In on Vertical Video

from Mazdak [alt+shift+b] in finance

4th Feb 2025
For years, platforms like TikTok, Instagram Reels, and YouTube Shorts have dominated the short-form video space.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Mar ’26: Iran clobbers markets In March the rain stopped. We started March with North London already having seen 2x its usual...
12th Apr 2026
1

Mar ’26: Iran clobbers markets

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

12th Apr 2026
In March the rain stopped. We started March with North London already having seen 2x its usual rainfall for this point in the year. And thankfully in the middle of March, it stopped. As I write this I have actually needed to start watering the garden, something that felt a very...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Modeling Life: Linear Algebra This is the 4th post in my series summarizing the key takeaways from reading the book Modeling Life....
2nd May 2024
140

Modeling Life: Linear Algebra

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

2nd May 2024
This is the 4th post in my series summarizing the key takeaways from reading the book Modeling Life. I recommend reading my previous posts first to gain a solid understanding on how to model dynamic systems. This post focuses on how linear algebra is employed in modeling dynamic...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Mar ’25: Anticipating tariffs What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front...
11th Apr 2025
58

Mar ’25: Anticipating tariffs

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

11th Apr 2025
What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front over the last few weeks, seems a bit pointless. We entered March with a lot of drama about Ukraine, and some notable ‘ceasefire’ activity on the diplomatic front. We finished March...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
What Do Brontosauruses Know about Uncoordinated Conspiracies? Brontosaurus skeleton at the Yale Peabody Museum of Natural History (allegedly) Let’s pretend for a...
2nd Sep 2024
33

What Do Brontosauruses Know about Uncoordinated Conspiracies?

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

2nd Sep 2024
Brontosaurus skeleton at the Yale Peabody Museum of Natural History (allegedly) Let’s pretend for a moment that brontosauruses are made up, despite them being accepted by the public and scientific community, having ample evidence for their existence, and appearing in museums all...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Investment Advice Which Stands the Test of Time There is investment advice in the book of Jewish religious law (the Talmud). It advises that you...
5th May 2024
29

Investment Advice Which Stands the Test of Time

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

5th May 2024
There is investment advice in the book of Jewish religious law (the Talmud). It advises that you keep 1/3rd of your wealth in business, 1/3rd in land, and 1/3rd in gold. It's genius. Why? First, it's simple. Second, business, and, to a lesser extent, land, (but not gold, usually)...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Under The Hood How do you shape employee culture? How do you win employee commitment? Under The Hood has a coherent...
12th Nov 2024
85

Under The Hood

from Commoncog [alt+shift+b] in finance

12th Nov 2024
How do you shape employee culture? How do you win employee commitment? Under The Hood has a coherent model for building this skill.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
What I’ve Been Reading Thoughts on the books I read in the second quarter of 2025
11th Jul 2025
1

What I’ve Been Reading

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

11th Jul 2025
Thoughts on the books I read in the second quarter of 2025
Direct Link [→] Remove from reading list Add to reading list [alt+a]
The Two Types of Data Analysis Broadly speaking, there are two approaches to data analysis in business. The two approaches have...
3rd Nov 2023
112

The Two Types of Data Analysis

from Commoncog [alt+shift+b] in finance

3rd Nov 2023
Broadly speaking, there are two approaches to data analysis in business. The two approaches have different worldviews, and express different tradeoffs. Here's why that matters.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Markets Under Pressure: What Really Happens When the World Feels Unstable When global tension rises, investors instinctively reach for the exit.
19th Jan 2026
2

Markets Under Pressure: What Really Happens When the World Feels Unstable

from Mazdak [alt+shift+b] in finance

19th Jan 2026
When global tension rises, investors instinctively reach for the exit.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Interesting Reading – November 7, 2016 In this series, we suggest worthwhile reading material on a variety of topics, not all of which are...
19th Jun 2026
1

Interesting Reading – November 7, 2016

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

19th Jun 2026
In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Credit card debt collection Credit card debt is the waste stream of consumer finance. The debt collection industry ends up being...
11th Aug 2023
43

Credit card debt collection

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

11th Aug 2023
Credit card debt is the waste stream of consumer finance. The debt collection industry ends up being sordid, for complex structural and microeconomic reasons.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How Experts Sensemake Two decades ago, the US military funded some research into how humans sensemake. This piece is about...
7th Apr 2026
1

How Experts Sensemake

from Commoncog [alt+shift+b] in finance

7th Apr 2026
Two decades ago, the US military funded some research into how humans sensemake. This piece is about that theory — the best theory of sensemaking that we have — why it matters for expertise, and how you can apply it to make sense of AI.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Oct ’25: Trim, trim & trim October in the markets was one of those slightly giddy months. My portfolio crossed through a big...
9th Nov 2025
1

Oct ’25: Trim, trim & trim

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

9th Nov 2025
October in the markets was one of those slightly giddy months. My portfolio crossed through a big number threshold, and kept going up. The market stats don’t quite tell the whole story. On a constant currency basis, markets rose 2.8%. Non-UK currencies (AUD, EUR, USD) rose...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Nov ’24: 3x London life I’ve been keeping busy as winter in London sets in. The Christmas lights are all out and...
7th Dec 2024
110

Nov ’24: 3x

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

7th Dec 2024
London life I’ve been keeping busy as winter in London sets in. The Christmas lights are all out and looking resplendent, and both the West End and the City are feeling pretty buzzy. For all the general ‘UK stuck in the weeds’ economic commentary, we feel a long way from any talk...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
What’s an Operational Definition Anyway? Two principles on collecting data, from the field of Statistical Process Control. As with most...
3rd Oct 2023
88

What’s an Operational Definition Anyway?

from Commoncog [alt+shift+b] in finance

3rd Oct 2023
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.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Disney World's New Theme Park: The White House and Congress A "Pirates of the Caribbean" themed experience is planned, where the taxpayers are repeatedly robbed...
1st Apr 2026
1

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

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

1st Apr 2026
A "Pirates of the Caribbean" themed experience is planned, where the taxpayers are repeatedly robbed by a motley crew of miscreants. In a blockbuster deal, an obscure federal agency has granted Disney the rights to develop the White House and Congress as a new FantasyLand...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Canada's Housing Crisis: Is There a Way Out? Canada's housing market has become a national concern. Soaring prices have pushed homeownership out...
2nd Apr 2024
126

Canada's Housing Crisis: Is There a Way Out?

from Mazdak [alt+shift+b] in finance

2nd Apr 2024
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...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
How to Use Power How do you gain power, use power, and identify those who have power, so that you may protect...
2nd Dec 2024
98

How to Use Power

from Commoncog [alt+shift+b] in finance

2nd Dec 2024
How do you gain power, use power, and identify those who have power, so that you may protect yourself against them? Part two of three in a series on power in business.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Bits about Money yearly recap and plans What we covered in 2024, what are plans are in 2025, and a solicitation for supporting memberships.
15th Jan 2025
91

Bits about Money yearly recap and plans

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

15th Jan 2025
What we covered in 2024, what are plans are in 2025, and a solicitation for supporting memberships.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
My exits – a post mortem Readers will know that I dabble with active investing – I pick stocks. Lord, make me passive, but...
4th Feb 2025
75

My exits – a post mortem

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

4th Feb 2025
Readers will know that I dabble with active investing – I pick stocks. Lord, make me passive, but not yet Rather like The Investor at Monevator, I firmly believe in the merits of low cost index tracking as an investment strategy, but I also enjoy the thrills / intellectual...
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Issue 90 – Crime szn bro The Trump administration cracks down on software to limit surveillance of crypto transactions, while...
13th Aug 2025
40

Issue 90 – Crime szn bro

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

13th Aug 2025
The Trump administration cracks down on software to limit surveillance of crypto transactions, while celebrating a “deregulatory blitz” tailored for its billionaire benefactors
Direct Link [→] Remove from reading list Add to reading list [alt+a]
Focus Is Saying No To Good Ideas Several stories about one of the hardest maxims to put to practice in business.
18th Oct 2022
111

Focus Is Saying No To Good Ideas

from Commoncog [alt+shift+b] in finance

18th Oct 2022
Several stories about one of the hardest maxims to put to practice in business.
Direct Link [→] Remove from reading list Add to reading list [alt+a]
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

We love reading as much as you do!
Every week we share the top 5 articles we enjoyed reading. Subscribe to get them in your inbox.

Subscribe

The best way to read the internet.
Made for nerds, by a nerd.

The best way to read the internet

© 2023 Bored Reading. All rights reserved.

Legal

Terms of Service Privacy Policy

External Links

Borderline.biz Buy & Sell Apps PixelsOnGrids App Design Agency

Explore

Top Blogs
Suggest a Blog [email protected]

bored reading

v. 229.328 compliant with
earth/mars-x8292 communication
protocol 29xjw899992

When Google killed Google Reader, the bloggosphere took a severe hit and the content quality went down because there weren't enough readers to justify the effort it takes to maintain a high quality blog.

What's left is a decaying wasteland of blogs, most abandoned, a lot are now SEO spam, and 99% are not worth reading. BoredReading is a way to read the remaining great blogs that survived the ice age.

To add your favorite blog, please suggest it here! I get emails every day which helps me maintain a high quality selection of blogs!

Avatar

Made by,
Kumail Hunaid

@kumailht on Twitter.
My website and email.

Close [esc]
📚 BoredReading

You seem to be enjoying this.

Join free to unlock everything.

Create free account

Already have an account? Sign in