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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.
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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...
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What Expenses Can You Write Off Against Your Business Income? Taxes are an inevitable part of running a business, but that doesn't mean you have to pay more than...
6th Feb 2024
122

What Expenses Can You Write Off Against Your Business Income?

from Mazdak [alt+shift+b] in finance

6th Feb 2024
Taxes are an inevitable part of running a business, but that doesn't mean you have to pay more than your fair share. Fortunately, the law allows you to deduct certain expenses from your business income, lowering your taxable amount and saving you money. But navigating the world...
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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?...
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The 2024 Commoncog Recap Everything that we covered in 2024, and what to expect in the coming year.
8th Jan 2025
86

The 2024 Commoncog Recap

from Commoncog [alt+shift+b] in finance

8th Jan 2025
Everything that we covered in 2024, and what to expect in the coming year.
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If We Set Aside Ideology, Is There Anything We Can Agree On? Just the experiment of setting aside ideological certainties for a moment would be instructive. ...
3rd Mar 2025
47

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

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

3rd Mar 2025
Just the experiment of setting aside ideological certainties for a moment would be instructive. Humans are hard-wired to prefer simplicity over complexity, and this is the foundation of ideology, which like mythology takes a complex world and radically simplifies it to an...
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Data Update 4 for 2026: The Global Perspective! If you have read my first three data updates in 2026, I won’t blame you if you skip this one,...
2nd Feb 2026
1

Data Update 4 for 2026: The Global Perspective!

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

2nd Feb 2026
If you have read my first three data updates in 2026, I won’t blame you if you skip this one, because you found them long and boring. I won't take issue with you either if you viewed them as too US-focused, because I did spend my second data update, looking at US equities, and my...
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Tornado Cash un-OFAC'ed The next chapter in the Tornado Cash saga just dropped. Last week a court ruled last that Tornado...
5th Dec 2024
27

Tornado Cash un-OFAC'ed

from Moneyness [alt+shift+b] in finance

5th Dec 2024
The next chapter in the Tornado Cash saga just dropped. Last week a court ruled last that Tornado Cash, a bot that can be used for obfuscating crypto, is safe from being sanctioned. I first wrote about Tornado Cash in 2021, before its legal troubles began, warning of the risks...
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One Regulation E, Two Very Different Regimes How consumer protection in payments works, why it was designed that way, and why it’s being...
7th Jan 2026
1

One Regulation E, Two Very Different Regimes

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

7th Jan 2026
How consumer protection in payments works, why it was designed that way, and why it’s being contested today.
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Trump says he has “no idea” who he just pardoned President Trump reacts to condemnations of his recent pardon of Binance founder Changpeng Zhao by...
3rd Nov 2025
9

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

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

3rd Nov 2025
President Trump reacts to condemnations of his recent pardon of Binance founder Changpeng Zhao by claiming he doesn’t know who he is.
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Feb ’25: The top comes off What’s in the news? The Trump, is in the news. He gets more than enough coverage without me adding...
15th Mar 2025
61

Feb ’25: The top comes off

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

15th Mar 2025
What’s in the news? The Trump, is in the news. He gets more than enough coverage without me adding to it. From the point of view of what affects portfolios like mine, a few things happened What’s going on with me? My personal life was quite busy in February. I visited the UK city...
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Focus on the process, not the outcome Woorkeri Raman, a former Indian cricketer and former coach of the India women’s national cricket...
12th Aug 2024
149

Focus on the process, not the outcome

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

12th Aug 2024
Woorkeri Raman, a former Indian cricketer and former coach of the India women’s national cricket team, has two non-negotiables. As an offspinner, you must never get cut, and you must never get driven through the covers. Even when Ravichandran Ashwin takes five wickets, Raman will...
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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...
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10 year review Wahoop! I have made it through ten years. In fact, I’ve had a trackable portfolio for over 20 years....
20th Jan 2023
83

10 year review

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

20th Jan 2023
Wahoop! I have made it through ten years. In fact, I’ve had a trackable portfolio for over 20 years. But 10 years ago I started tracking my portfolio in a consistent, monthly way – unitising its performance so I could measure its return. It wasn’t until 2015 that I started this...
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THE SLOW, EXCRUCIATING, DISASTEROUS DUMBING DOWN OF AMERICA Austin is a more pleasant place to live than Dallas because people are smarter on average. This does...
24th Sep 2023
26

THE SLOW, EXCRUCIATING, DISASTEROUS DUMBING DOWN OF AMERICA

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

24th Sep 2023
Austin is a more pleasant place to live than Dallas because people are smarter on average. This does not mean there are not smart people in Dallas. There are. What it does mean is the typical Austinite is just a little sharper. This makes for more pleasant conversations. It’s...
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The Best Summary of Atlas Shrugged A brief, no-fluff, summary of Atlas Shrugged by Ayn Rand. If you want to learn how capitalist...
9th Jul 2026
3

The Best Summary of Atlas Shrugged

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

9th Jul 2026
A brief, no-fluff, summary of Atlas Shrugged by Ayn Rand. If you want to learn how capitalist countries become socialist, this book will help you. Let’s dive in. Atlas Shrugged: The Simple Version The world depends on a relatively small number of people who build, invent, and...
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Financial systems take a holiday Ever wondered about what happens when banks are closed or why some apps have operating hours? It's...
29th Feb 2024
143

Financial systems take a holiday

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

29th Feb 2024
Ever wondered about what happens when banks are closed or why some apps have operating hours? It's fascinating.
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Longreads + Open Thread Radio, Startups, History, Bally's, Dead Internet, Caesars
1st Feb 2025
53

Longreads + Open Thread

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

1st Feb 2025
Radio, Startups, History, Bally's, Dead Internet, Caesars
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America's $175 Trillion Problem The true state of the global financial system, in ten charts.
25th Jul 2024
132

America's $175 Trillion Problem

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

25th Jul 2024
The true state of the global financial system, in ten charts.
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15 mental Abilities & Traits Which Make You Successful But Are Not on an IQ Test 1. Empathy 2. Dexterity 3. Persuasion 4. Musicality 5. Confidence 6. Ambition 7. Grit 8....
2nd Jun 2024
26

15 mental Abilities & Traits Which Make You Successful But Are Not on an IQ Test

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

2nd Jun 2024
1. Empathy 2. Dexterity 3. Persuasion 4. Musicality 5. Confidence 6. Ambition 7. Grit 8. Creativity 9. Flexibility 10. Energy 11. Individualism 12. Willpower 13. Stoicisim 14. Objectivity 15. Allure
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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...
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Anatomy of a credit card rewards program Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
29th Mar 2024
113

Anatomy of a credit card rewards program

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

29th Mar 2024
Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
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Markets in power How physics and infrastructure combine to generate (ba dum bum) the power market.
30th Sep 2022
43

Markets in power

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

30th Sep 2022
How physics and infrastructure combine to generate (ba dum bum) the power market.
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Working title (insurance) Title insurance is grossly overpriced relative to actual risks involved. Why is that?
30th Jun 2024
147

Working title (insurance)

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

30th Jun 2024
Title insurance is grossly overpriced relative to actual risks involved. Why is that?
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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...
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We Still Have No Idea Whether Passive Investing is a Meaningful Risk Plus! Complements and Strategy; Privacy, Competition, and Scale; Platforms and Ownership; KYC;...
26th Nov 2024
44

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

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

26th Nov 2024
Plus! Complements and Strategy; Privacy, Competition, and Scale; Platforms and Ownership; KYC; Tariff Man
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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
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Sep ’24: Ominous politics, juicy economics September was fairly action-packed. I enjoyed getting out on a friend’s boat around Poole and the...
13th Oct 2024
98

Sep ’24: Ominous politics, juicy economics

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

13th Oct 2024
September was fairly action-packed. I enjoyed getting out on a friend’s boat around Poole and the Solent. I made it to the Labour party conference in Liverpool, which was fascinating albeit wet. I am apparently firmly in the tax-raising sights of the Government, but I wasn’t the...
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The business of wallets How digital wallets work, and how payment costs drive a lot of product decisions inside and around...
30th Apr 2024
124

The business of wallets

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

30th Apr 2024
How digital wallets work, and how payment costs drive a lot of product decisions inside and around them.
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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.
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Chesterton’s Fence: A Lesson in Second Order Thinking A core component of making great decisions is understanding the rationale behind previous decisions....
5th Sep 2022
99

Chesterton’s Fence: A Lesson in Second Order Thinking

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

5th Sep 2022
A core component of making great decisions is understanding the rationale behind previous decisions. If we don’t understand how we got “here,” we run the risk of making things much worse. *** When we seek to intervene in any system created by someone, it’s not enough to view...
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The Network State Conference Come to Singapore on September 22, 2024 to build technodemocracy.
15th Oct 2023
4

The Network State Conference

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

15th Oct 2023
Come to Singapore on September 22, 2024 to build technodemocracy.
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Letter to a Young Person Worrying About AI It is a common misperception that you must be able to predict the future to do well. But it’s...
20th Oct 2025
42

Letter to a Young Person Worrying About AI

from Commoncog [alt+shift+b] in finance

20th Oct 2025
It is a common misperception that you must be able to predict the future to do well. But it’s possible to act without prediction, even in the face of AI. This is how.
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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.
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June ’23: The hottest ever June saw UK’s former PM Mr Johnson leave parliament. Good riddance. I suspect we haven’t seen or...
15th Jul 2023
66

June ’23: The hottest ever

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

15th Jul 2023
June saw UK’s former PM Mr Johnson leave parliament. Good riddance. I suspect we haven’t seen or (definitely) read the last of him but having him out of Westminster is at least a bit safer than him inside. Closer to (my Coastal Folly) home, there has been a sad story in...
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Trump claims US banks can't open in Canada—US banks disagree In what seems to be an effort to extort Canada for additional benefits, Donald Trump complained...
4th Feb 2025
42

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

from Moneyness [alt+shift+b] in finance

4th Feb 2025
In what seems to be an effort to extort Canada for additional benefits, Donald Trump complained yesterday on social media that CANADA DOESN'T EVEN ALLOW U.S. BANKS TO OPEN OR DO BUSINESS THERE. And so according to Trump, Canada doubly deserves to be disciplined with...
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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.
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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...
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25 Years of Higher Interest Rates Ahead? Interest rates are linked to inflation, but they're also linked to risk. As a result of...
2nd May 2025
36

25 Years of Higher Interest Rates Ahead?

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

2nd May 2025
Interest rates are linked to inflation, but they're also linked to risk. As a result of recency bias, where we assume the recent past is a permanent state of affairs, many believe near-zero interest rates are "normal." They aren't. As the chart of 10-year US Treasury...
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Routers, Apps, AGI Plus! Diff Jobs; Peripheral Bets; Fragmentation and Industry Maturity; Deepfakes as Pull Quotes;...
20th Oct 2025
1

Routers, Apps, AGI

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

20th Oct 2025
Plus! Diff Jobs; Peripheral Bets; Fragmentation and Industry Maturity; Deepfakes as Pull Quotes; Benchmarks; Platforms
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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...
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The Global Trade Game: Jokers Are Wild There may be no winners of the game of Global Domination (tm), and that is likely the best outcome....
2nd Apr 2025
49

The Global Trade Game: Jokers Are Wild

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

2nd Apr 2025
There may be no winners of the game of Global Domination (tm), and that is likely the best outcome. Okay, players: jokers are wild, but with a twist: the entire deck is jokers. Since everyone at the table will have five Aces, nobody wins. Welcome to the Trade War Poker...
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The 2023 Commoncog Recap Everything that we covered in 2023, and what to expect now that Commoncog has a new direction.
4th Jan 2024
129

The 2023 Commoncog Recap

from Commoncog [alt+shift+b] in finance

4th Jan 2024
Everything that we covered in 2023, and what to expect now that Commoncog has a new direction.
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The Creation of a Skilled Tycoon What it looks like when an Asian tycoon gets good at the game of business.
8th Dec 2025
1

The Creation of a Skilled Tycoon

from Commoncog [alt+shift+b] in finance

8th Dec 2025
What it looks like when an Asian tycoon gets good at the game of business.
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May ’23: Magic megatech May has been election month. In the UK, some (but not all – and not London) local councils had...
4th Jun 2023
91

May ’23: Magic megatech

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

4th Jun 2023
May has been election month. In the UK, some (but not all – and not London) local councils had elections. The Tories took a drubbing, as expected. And overseas the notable election seemed to be Turkey, where autocratic Erdogan won (however fairly) another five year term – taking...
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Heureka A “heureka” is a surprisingly powerful yet simple solution to a complex optimization problem, which...
20th Sep 2025
1

Heureka

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

20th Sep 2025
A “heureka” is a surprisingly powerful yet simple solution to a complex optimization problem, which is theoretically inferior to more complicated solutions, but is, in practice, optimal. Example: “I’m a 22 year old Phi Beta Kappa alumnus of University of Iowa and I have this idea...
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Few thoughts on life, psychology, and mindset I’ve been writing my thoughts on life, psychology, and mindset for some time. I’ve considered...
2nd Sep 2023
130

Few thoughts on life, psychology, and mindset

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

2nd Sep 2023
I’ve been writing my thoughts on life, psychology, and mindset for some time. I’ve considered transferring some of these writings from Notion into this post. In physics, three laws can explain 99% of observations. However, in life, psychology, and mindset, 99 laws can barely...
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In the Future, Every AI Lab is a Neocloud for Fifteen Minutes Plus! FDE Crunch; Fable!; Egg Futures?; Becoming IBM; Surtaxes
2nd Jul 2026
1

In the Future, Every AI Lab is a Neocloud for Fifteen Minutes

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

2nd Jul 2026
Plus! FDE Crunch; Fable!; Egg Futures?; Becoming IBM; Surtaxes
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The Best Age to Start Taking Social Security: It's Not What You Think When you reach full retirement age (FRA), you can start taking Social Security benefits. But you may...
18th Sep 2023
42

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

from Mazdak [alt+shift+b] in finance

18th Sep 2023
When you reach full retirement age (FRA), you can start taking Social Security benefits. But you may want to consider taking them sooner, even if it means a smaller monthly check. Here's why: Your benefits will grow by 8% per year for each year you delay taking them, up to age...
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Embeddings – Part 2 This is the 9th post in my series on building a toy GPT. For better understanding, I recommend...
3rd Dec 2023
125

Embeddings – Part 2

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

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

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

from Mazdak [alt+shift+b] in finance

6th Nov 2023
Expanding your business abroad can be a great way to reach new markets, increase revenue, and diversify your portfolio. However, it's important to do your research and take the necessary steps to ensure a successful transition. Here are some practical tips for entrepreneurs...
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Why Write Why write an essay when you can type a few words and have AI generate one for you? Why write an...
9th Mar 2023
121

Why Write

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

9th Mar 2023
Why write an essay when you can type a few words and have AI generate one for you? Why write an email when AI can auto-respond for you with all the typical pleasantries and talking-points? While AI doing these things for you is likely to happen, it’s not necessarily a good thing....
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Pretense, Staging, Expediency: the "Solutions" That Implode the Whole Shebang Slapdash quick fixes and policies share one characteristic: they eventually implode the whole...
1st Jan 2026
2

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

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

1st Jan 2026
Slapdash quick fixes and policies share one characteristic: they eventually implode the whole shebang. We all know how this works: the business is failing and the divorce papers have been filed, but the optics are ugly, so the couple waltzes in, all smiles and lovey-dovey,...
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Trump Jr.-advised prediction markets invite bets on president’s demise President Trump’s deregulatory agenda emboldened prediction markets to push boundaries around...
2nd Sep 2025
60

Trump Jr.-advised prediction markets invite bets on president’s demise

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

2nd Sep 2025
President Trump’s deregulatory agenda emboldened prediction markets to push boundaries around permitted event contracts. Now sites advised by his son are allowing bets on his death.
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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.
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The Bitcoin ETF is the spiritual reversal of Executive Order 6102 Back in 1935, they seized the gold. But now, digital gold is back.
11th Jan 2024
128

The Bitcoin ETF is the spiritual reversal of Executive Order 6102

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

11th Jan 2024
Back in 1935, they seized the gold. But now, digital gold is back.
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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...
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The Fiat Crisis This is not a financial crisis. It’s a fiat crisis.
2nd May 2023
40

The Fiat Crisis

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

2nd May 2023
This is not a financial crisis. It’s a fiat crisis.
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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?
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Apple’s 2025 Product Unveiling: What’s New and What Actually Matters Apple’s latest keynote delivered a sweeping set of updates across AirPods, iPhones, and the Apple...
9th Sep 2025
59

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

from Mazdak [alt+shift+b] in finance

9th Sep 2025
Apple’s latest keynote delivered a sweeping set of updates across AirPods, iPhones, and the Apple Watch lineup.
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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 –...
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Country Risk: Drivers, Measures and Investment Implications - The 2026 Edition! I am a creature of habit in my personal and professional life, and in the context of the content...
15th Jul 2026
1

Country Risk: Drivers, Measures and Investment Implications - The 2026 Edition!

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

15th Jul 2026
I am a creature of habit in my personal and professional life, and in the context of the content that I post online, there is a ritual that I follow with my data updates. I start the year with my general data update online, and follow up with a series of posts where I examine the...
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The Network School We’re starting a new school near Singapore for the dark talent of the world. Apply online at...
16th Aug 2024
144

The Network School

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

16th Aug 2024
We’re starting a new school near Singapore for the dark talent of the world. Apply online at ns.com/apply.
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Why We're Helpless When Things Break Down Only then do we realize that by optimizing profit and efficiency, we've also optimized systemic...
1st May 2026
1

Why We're Helpless When Things Break Down

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

1st May 2026
Only then do we realize that by optimizing profit and efficiency, we've also optimized systemic failure. In my essay AI, Money, Human Nature and the Problem with Problems, I refer to boundary conditions but didn't offer a thorough explanation of the role this concept plays...
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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.
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Meet Trump’s memecoin dinner guests Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises...
7th May 2025
51

Meet Trump’s memecoin dinner guests

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

7th May 2025
Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises fresh concerns over foreign influence
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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...
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Global Crypto Regulation: Who’s Hot and Who’s Not? Global crypto regulation is confusing. So I surveyed the information available and created a...
25th May 2022
49

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

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

25th May 2022
Global crypto regulation is confusing. So I surveyed the information available and created a heatmap.
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Issue 81 – Crypto crime is legal Trump continues to dismantle crypto enforcement while expanding his personal crypto empire
8th Apr 2025
48

Issue 81 – Crypto crime is legal

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

8th Apr 2025
Trump continues to dismantle crypto enforcement while expanding his personal crypto empire
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The Joy of Small Markets If you want to get rich, the irony is that small markets are often better than large ones.
2nd Sep 2025
45

The Joy of Small Markets

from Commoncog [alt+shift+b] in finance

2nd Sep 2025
If you want to get rich, the irony is that small markets are often better than large ones.
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How to Improve at Sensemaking AI? What we can learn from the disorienting changes hitting the software industry, and how we can use...
3rd May 2026
1

How to Improve at Sensemaking AI?

from Commoncog [alt+shift+b] in finance

3rd May 2026
What we can learn from the disorienting changes hitting the software industry, and how we can use that to improve at sensemaking this uncertain new technology.
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Brainwashing for Confidence My mom brainwashed me to be confident. She told me over and over that I was great and destined for...
15th Apr 2026
1

Brainwashing for Confidence

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

15th Apr 2026
My mom brainwashed me to be confident. She told me over and over that I was great and destined for great things. And it worked. To this day, when I lose or make a mistake, I get mad, but I always wind up where my mother left me: “You’re great. All you need is more practice.” And...
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Mar ’24: A towering influence I’ve enjoyed March. I managed to enjoy a few days’ skiing, despite less snow than any of us would...
1st Apr 2024
146

Mar ’24: A towering influence

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

1st Apr 2024
I’ve enjoyed March. I managed to enjoy a few days’ skiing, despite less snow than any of us would like, in the Austrian alps. Back at home, the sun has been getting stronger, and the evenings have been getting lighter – and now with Summer Time we will enjoy lovely late evenings...
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Understanding the Stock Market Cycle The stock market cycle is a crucial concept for investors aiming to navigate the financial markets...
7th Jun 2024
144

Understanding the Stock Market Cycle

from Mazdak [alt+shift+b] in finance

7th Jun 2024
The stock market cycle is a crucial concept for investors aiming to navigate the financial markets effectively. It represents the period from a market low to a peak and back again. Understanding the dynamics behind these cycles can help investors maintain their strategies during...
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[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....
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Gil Duran Faked A Quote For the New Republic Then they stealth edited the piece. They knew they'd committed libel.
1st May 2024
147

Gil Duran Faked A Quote For the New Republic

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

1st May 2024
Then they stealth edited the piece. They knew they'd committed libel.
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1st Sept 2026: An Increase in Membership Prices Commoncog is increasing membership prices on 1st September 2026. If you’d like to lock in the old...
11th Aug 2026
1

1st Sept 2026: An Increase in Membership Prices

from Commoncog [alt+shift+b] in finance

11th Aug 2026
Commoncog is increasing membership prices on 1st September 2026. If you’d like to lock in the old prices, you should probably sign up before then.
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"I didn't launder the cash, your honor. The robot did." Crypto enthusiasts protest the trial of Alexey Pertsev As the multiple Tornado Cash legal cases...
11th Jun 2024
23

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

from Moneyness [alt+shift+b] in finance

11th Jun 2024
Crypto enthusiasts protest the trial of Alexey Pertsev As the multiple Tornado Cash legal cases wend their way through courts in the Netherlands and the U.S., we continue to learn how society's money laundering laws will be applied to some of the more unique financial...
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The Market for Contrarian Talent Doesn't Clear Plus! Bootstrapping a Consumer-Facing Negawatt Market; Real Estate; Aggregators; Training Data;...
1st May 2026
1

The Market for Contrarian Talent Doesn't Clear

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

1st May 2026
Plus! Bootstrapping a Consumer-Facing Negawatt Market; Real Estate; Aggregators; Training Data; Supply Chains
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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...
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You’re Always Selling to a Situation, Not an ICP One simple idea that falls out of the Heart of Innovation book — that you can use immediately — is...
19th Jun 2025
50

You’re Always Selling to a Situation, Not an ICP

from Commoncog [alt+shift+b] in finance

19th Jun 2025
One simple idea that falls out of the Heart of Innovation book — that you can use immediately — is this idea of selling into situations, not selling to ideal customer profiles. It’s what the pros do anyway.
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Feb ’24: Envyidia I’ve had quite a lot of culture to enjoy in February. Aside from some travel for the Six Nations...
3rd Mar 2024
142

Feb ’24: Envyidia

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

3rd Mar 2024
I’ve had quite a lot of culture to enjoy in February. Aside from some travel for the Six Nations rugby, I’ve been to two shows – one in London’s Royal Opera House and one on the south coast. Both events were either full or practically full. Covid feels fully behind us now. But...
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Business Reality Without Frameworks A paradox: why it’s important to think about business without abstractions, even as we from what’s...
21st Oct 2024
102

Business Reality Without Frameworks

from Commoncog [alt+shift+b] in finance

21st Oct 2024
A paradox: why it’s important to think about business without abstractions, even as we from what’s come before.
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Greg Abel’s 2026 Letter to Shareholders Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the...
2nd Mar 2026
1

Greg Abel’s 2026 Letter to Shareholders

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

2nd Mar 2026
Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the company's unique culture.
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Apr ’26: A record month, house purchase underway It’s been a beautiful month. I’ve been about a bit, taking in Lincoln, the New Forest, and Oxford as...
4th May 2026
2

Apr ’26: A record month, house purchase underway

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

4th May 2026
It’s been a beautiful month. I’ve been about a bit, taking in Lincoln, the New Forest, and Oxford as well as enjoying London town itself. The Iran conflict rumbles on, with the USA and Israel having effectively finished the military engagement. Markets have had a very strong...
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June ’24: Election fever June was busy. I travelled more than usual in June. Partly in the UK – visiting Glasgow, the west...
9th Jul 2024
148

June ’24: Election fever

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

9th Jul 2024
June was busy. I travelled more than usual in June. Partly in the UK – visiting Glasgow, the west country, the south coast and the Isle of Wight; partly overseas – I visited Ibiza for a few days of R&R. Meanwhile, the election campaigns were in full swing. Nigel Farage did his...
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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.
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Mar ’25: Anticipating tariffs What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front...
11th Apr 2025
58

Mar ’25: Anticipating tariffs

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

11th Apr 2025
What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front over the last few weeks, seems a bit pointless. We entered March with a lot of drama about Ukraine, and some notable ‘ceasefire’ activity on the diplomatic front. We finished March...
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Warren Buffett’s Final Brushstrokes Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final...
5th May 2025
1

Warren Buffett’s Final Brushstrokes

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

5th May 2025
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman.
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Chinese Labor Isn't Just Cheaper; It’s Better. We Need to Fix That. A famous newspaper asked me to write an opinion article. But every time I submitted a draft, they'd...
25th Dec 2025
1

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

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

25th Dec 2025
A famous newspaper asked me to write an opinion article. But every time I submitted a draft, they'd edit it, changing the message of the piece, even though the article was meant to be my opinion. Most people would have consented to the edits to have the honor of being in the...
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Sep 23: Antisocial markets For some reason shoplifting is in the news. There’s evidently an epidemic of it. Not just in the UK,...
8th Oct 2023
116

Sep 23: Antisocial markets

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

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

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

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

6th Nov 2025
I grew up in India in a time where if you had wealth, your investment options were limited. A stock market with sparse listings, accompanied by a lack of trust in financial assets, led investors to put their wealth into tangible assets. Real estate was the most common choice but...
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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]
The Situational Awareness Blow-up: The Collateral Damage from Investing Conviction! Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew...
11th Aug 2026
1

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

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

11th Aug 2026
Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew little about him other than what I had read about him, more in social media, than in the press - that he was a 25-year-old wunderkind who had started at OpenAI but had left to...
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May 2nd COVID Update: COVID Deaths Continue to Decline Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm...
2nd May 2025
18

May 2nd COVID Update: COVID Deaths Continue to Decline

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

2nd May 2025
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Note: "Effective May 1, 2024, hospitals are no longer required to report...
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Issue 45 – I'm the director now Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker...
5th Dec 2023
88

Issue 45 – I'm the director now

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

5th Dec 2023
Rising bitcoin prices bring echoes of the crypto mania from years past, and an ambitious hacker decides to manifest a new job for themselves.
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Jan ’24: A giant tax bill lands One of several highlights for me in January was visiting Salisbury cathedral, which I did on an...
10th Feb 2024
141

Jan ’24: A giant tax bill lands

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

10th Feb 2024
One of several highlights for me in January was visiting Salisbury cathedral, which I did on an impulse while travelling back from the Coastal Folly. My main frame of reference to the cathedral being those notorious Russian nerve agent assassins citing it as their reason for...
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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...
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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 ...
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Should Congress be Allowed to Trade? Plus! Norms Trading; Point-of-Sale; Trade Trench Warfare; AI and Ads; Bluffing Your Way to Better...
1st May 2025
19

Should Congress be Allowed to Trade?

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

1st May 2025
Plus! Norms Trading; Point-of-Sale; Trade Trench Warfare; AI and Ads; Bluffing Your Way to Better Management
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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
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Setelinleikkaus: When Finns snipped their cash in half to curb inflation On the last day of 1945, with World War II finally behind it, Finland's government announced a new...
8th Nov 2024
29

Setelinleikkaus: When Finns snipped their cash in half to curb inflation

from Moneyness [alt+shift+b] in finance

8th Nov 2024
On the last day of 1945, with World War II finally behind it, Finland's government announced a new and very strange policy. All Finns were required to take out a pair of scissors and snip their banknotes in half. This was known in Finland as setelinleikkaus, or banknote cutting....
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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...
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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...
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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.
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Warren Buffett’s Thanksgiving Letter Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
11th Nov 2025
1

Warren Buffett’s Thanksgiving Letter

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

11th Nov 2025
Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
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Modeling Life: Foundations Herman Wouk was researching for a novel he planned to write about World War II. He interviewed...
7th Apr 2024
140

Modeling Life: Foundations

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

7th Apr 2024
Herman Wouk was researching for a novel he planned to write about World War II. He interviewed several physicists at Caltech who had worked on the bomb, including Richard Feynman. After the interview, Feynman asked Wouk if he knew Calculus. “No,” said Wouk. To which Feynman...
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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.
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Buffett Completes Succession Plan Warren Buffett has completed Berkshire's succession plan as he steps down as Chairman.
18th Sep 2026
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]
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.
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Crypto Twitter Found SBF's Fraud The establishment did nothing until the internet revealed everything.
6th Nov 2023
59

Crypto Twitter Found SBF's Fraud

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

6th Nov 2023
The establishment did nothing until the internet revealed everything.
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Markets are calmer. The bigger questions aren't. A quick run through the stories that actually matter today — rates, trade, cancer research, robots,...
20th Aug 2026
2

Markets are calmer. The bigger questions aren't.

from Mazdak [alt+shift+b] in finance

20th Aug 2026
A quick run through the stories that actually matter today — rates, trade, cancer research, robots, and a few things that could affect how business gets done.
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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.
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The Power of Expectations: Nvidia's Earnings and the Market Reaction! Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled...
6th Sep 2024
30

The Power of Expectations: Nvidia's Earnings and the Market Reaction!

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

6th Sep 2024
Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. That call, at first sight, contained exceptionally good news, with revenues and earnings coming in at stratospheric levels, and above expectations,...
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Amazon’s Pricing Policies Promote Inflation The state of California has sued Amazon in what may be the biggest antitrust case for 25 years, when...
30th Apr 2023
25

Amazon’s Pricing Policies Promote Inflation

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

30th Apr 2023
The state of California has sued Amazon in what may be the biggest antitrust case for 25 years, when 20 states joined the US Department of Justice to sue Microsoft. These cases revolve around whether consumers are harmed by the company’s actions. The case against Amazon focuses...
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Under The Hood How do you shape employee culture? How do you win employee commitment? Under The Hood has a coherent...
12th Nov 2024
85

Under The Hood

from Commoncog [alt+shift+b] in finance

12th Nov 2024
How do you shape employee culture? How do you win employee commitment? Under The Hood has a coherent model for building this skill.
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Warren Buffett’s Final Brushstrokes Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final...
5th May 2025
1

Warren Buffett’s Final Brushstrokes

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

5th May 2025
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman.
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July ’26: An IPO, and France It feels as if the World Cup was ages ago, already. Yet only a few weeks ago, I was gripped. And for...
9th Aug 2026
2

July ’26: An IPO, and France

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

9th Aug 2026
It feels as if the World Cup was ages ago, already. Yet only a few weeks ago, I was gripped. And for once I thought England had a world-class side…. but hey ho, football hasn’t come home for another four years. I had a road trip through France in July, which was lovely. I am…...
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Stay the course I spend a couple of weeks every February keeping up with my investments, timing it to coincide with...
5th Mar 2024
154

Stay the course

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

5th Mar 2024
I spend a couple of weeks every February keeping up with my investments, timing it to coincide with the release of Buffett’s annual letter to shareholders. I found something interesting while performing this ritual this time. I came across Aswath Damodaran’s website, where he has...
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Sovereign Ratings, Default Risk and Markets: The Moody's Downgrade Aftermath! I was on a family vacation in August 2011 when I received an email from a journalist asking me what...
2nd Jun 2025
60

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

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

2nd Jun 2025
I was on a family vacation in August 2011 when I received an email from a journalist asking me what I thought about the S&P ratings downgrade for the US. Since I stay blissfully unaware of most news stories and things related to markets when I am on the beach, I had to look up...
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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…...
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Make Every Day Count It was a 2012 evening, and I was driving home from the office. I was worried about finishing a big...
1st Nov 2023
169

Make Every Day Count

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

1st Nov 2023
It was a 2012 evening, and I was driving home from the office. I was worried about finishing a big project at work on time. I’d made the journey from the office to my home so many times, my car almost seemed to know the way by itself. My hands were on the wheel, but…
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Activist Investing in Asian Conglomerates How do Asian conglomerates play in capital markets, given pliable governments and weak regulators?...
3rd Mar 2025
58

Activist Investing in Asian Conglomerates

from Commoncog [alt+shift+b] in finance

3rd Mar 2025
How do Asian conglomerates play in capital markets, given pliable governments and weak regulators? We examine the career of one activist investor, to see what that tells us about the Asian tycoons we’ve been studying.
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A review of Number Go Up, on crypto shenanigans A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether...
29th Sep 2023
54

A review of Number Go Up, on crypto shenanigans

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

29th Sep 2023
A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether specifically.
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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.
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Debanking (and Debunking?) Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for...
9th Dec 2024
117

Debanking (and Debunking?)

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

9th Dec 2024
Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.
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Minimal Impact to Insurers from Icelandic Volcano Eruption At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull...
11th Aug 2026
1

Minimal Impact to Insurers from Icelandic Volcano Eruption

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

11th Aug 2026
At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull volcano have been lifted throughout Europe.
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April 2025 – balmy weather, barmy markets Better late than never, I’m doing a quick update on April. More for the record than because anything...
24th May 2025
63

April 2025 – balmy weather, barmy markets

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

24th May 2025
Better late than never, I’m doing a quick update on April. More for the record than because anything particularly notable happened in the portfolio, ignoring the mid month gyrations. It was a lovely month, April. I did a bit of travelling, but the UK had generally lovely spring...
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Hello LLMs! When you are having trouble getting your thinking straight, consider an extreme or simple case. This...
4th Oct 2023
101

Hello LLMs!

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

4th Oct 2023
When you are having trouble getting your thinking straight, consider an extreme or simple case. This will often give you the insight needed to move forward. I nodded in agreement when I read the above lines from the book Maxims for Thinking Analytically. ChatGPT took the world by...
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Stablecoins – a digital version of Swiss bearer savings books Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and...
9th Aug 2024
27

Stablecoins – a digital version of Swiss bearer savings books

from Moneyness [alt+shift+b] in finance

9th Aug 2024
Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and open an account without showing any ID. The bank would then issue you something called a bearer savings book, otherwise known as inhabersparheften or livrets d'épargne au porteur....
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Citation Needed has a new home Citation Needed is no longer hosted on Substack. Welcome to my antifascist bar.
5th Jan 2024
101

Citation Needed has a new home

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

5th Jan 2024
Citation Needed is no longer hosted on Substack. Welcome to my antifascist bar.
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Setting the Business Expertise Series Free Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her...
6th Jun 2023
110

Setting the Business Expertise Series Free

from Commoncog [alt+shift+b] in finance

6th Jun 2023
Removing the paywall on The Business Expertise Series, which covers the work of Lia DiBello and her collaborators.
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Apr ’23: Wind and windfalls April saw the season of long weekends begin here in the UK. Easter saw me inspired by the Ermine to...
6th May 2023
113

Apr ’23: Wind and windfalls

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

6th May 2023
April saw the season of long weekends begin here in the UK. Easter saw me inspired by the Ermine to check out Dorset’s Chesil beach. We struck lucky with the weather and had a fine, distinctly non-London, time, over a very blustery Easter weekend. My walking shoes seem to have...
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August ’26: Summer calm August was another fabulous summer month in the UK. The lack of rain became a nasty drought, with...
21st Sep 2026
1

August ’26: Summer calm

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

21st Sep 2026
August was another fabulous summer month in the UK. The lack of rain became a nasty drought, with hosepipe bans across much of the country – including my Coastal Folly’s Wessex Water supplier (for the first time in over 50 years). But lawns aside it made for an enjoyable month. I...
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The Greed & Fear Tango: The Markets in April 2025! I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the...
3rd May 2025
55

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

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

3rd May 2025
I started the month on a trip to Latin America, just as the tariff story hit my newsfeed and the market reacted with a sell off that knocked more than $9 trillion in market cap for global equities in the next two days. The month was off to a bad start, and tariffs remained the...
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Operational Excellence is the Pursuit of ‘Knowledge’ It turns out that operational excellence results from the pursuit of a certain form of knowledge....
16th Mar 2023
141

Operational Excellence is the Pursuit of ‘Knowledge’

from Commoncog [alt+shift+b] in finance

16th Mar 2023
It turns out that operational excellence results from the pursuit of a certain form of knowledge. This is Part 3 of the Becoming Data Driven series, and the result of a deep dive into the field of statistical process control.
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Binance reopened its doors and $3.6 billion walked out Binance’s first day back, OpenAI wants a nicer word for data centers, Google prices space compute at...
a week ago
1

Binance reopened its doors and $3.6 billion walked out

from Mazdak [alt+shift+b] in finance

a week ago
Binance’s first day back, OpenAI wants a nicer word for data centers, Google prices space compute at 100x, and a benchmark where the best AI scores 12%.
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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
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Apple has a new CEO. Now comes the hard part. September is here, and there’s actually quite a bit going on.
1st Sep 2026
2

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

from Mazdak [alt+shift+b] in finance

1st Sep 2026
September is here, and there’s actually quite a bit going on.
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Warren Buffett on Berkshire’s Valuation Warren Buffett has typically avoided commenting on Berkshire's stock price, but he has provided some...
3rd Mar 2025
1

Warren Buffett on Berkshire’s Valuation

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

3rd Mar 2025
Warren Buffett has typically avoided commenting on Berkshire's stock price, but he has provided some clues that are worth considering.
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Network School 2025 Network School reopens March 1 with double the capacity. Apply now at ns.com.
2nd Feb 2025
82

Network School 2025

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

2nd Feb 2025
Network School reopens March 1 with double the capacity. Apply now at ns.com.
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Issue 78 – President on brink of bailout for bitcoin Trump tries to breathe life back into the crypto markets’ “Trump pump” while federal regulatory...
3rd Mar 2025
47

Issue 78 – President on brink of bailout for bitcoin

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

3rd Mar 2025
Trump tries to breathe life back into the crypto markets’ “Trump pump” while federal regulatory agencies wash their hands of any crypto industry oversight
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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...
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Who Decides What AI Can Do? Plus! Diff Jobs; Fun Trades; Insiders; M&A; Two-Tier Rounds; Switching Costs
2nd Mar 2026
1

Who Decides What AI Can Do?

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

2nd Mar 2026
Plus! Diff Jobs; Fun Trades; Insiders; M&A; Two-Tier Rounds; Switching Costs
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Issue 54 – Cases continue Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two...
2nd Apr 2024
143

Issue 54 – Cases continue

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

2nd Apr 2024
Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two other cases against crypto companies have survived motions to dismiss.
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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.
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How to Become an Asian Tycoon Every Asian tycoon becomes a tycoon in the exact same way. Learning to see this core pattern is half...
1st Apr 2025
56

How to Become an Asian Tycoon

from Commoncog [alt+shift+b] in finance

1st Apr 2025
Every Asian tycoon becomes a tycoon in the exact same way. Learning to see this core pattern is half the battle.
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What I’ve Been Reading Thoughts on the books I read in Q1 2025
3rd Apr 2025
1

What I’ve Been Reading

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

3rd Apr 2025
Thoughts on the books I read in Q1 2025
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The DECIDE Algorithm — A Simple Step-by-Step Method for Converting Idle Time into Productive Action DECIDE D - Determine the Bottleneck E - Engage with the subject matter C - Clear distractions I -...
16th Mar 2025
52

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

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

16th Mar 2025
DECIDE D - Determine the Bottleneck E - Engage with the subject matter C - Clear distractions I - Implement mental models D - Decide how to proceed E - Execute next steps When you’re traveling or waiting for something to happen, instead of listening to a podcast or scrolling on...
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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.
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Putting the Jobs to be Done Interview to Practice Things we wished someone told us, before we put the JTBD interview to practice.
9th Jul 2025
55

Putting the Jobs to be Done Interview to Practice

from Commoncog [alt+shift+b] in finance

9th Jul 2025
Things we wished someone told us, before we put the JTBD interview to practice.
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The Trial: How I lost $1 million dollars and 7 years in a lawsuit over Brain Flakes I thought I was good. Until I met Sol. Solomon Rosengarten is a lawyer from Brooklyn. He has an AOL...
25th Nov 2025
2

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

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

25th Nov 2025
I thought I was good. Until I met Sol. Solomon Rosengarten is a lawyer from Brooklyn. He has an AOL email address. He is not great with the mute button on his phone. He sometimes comes across as incompetent. But, he is the best damned lawyer I have ever known. Sol is a killer....
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April ’24: Juggling cash as new UK tax year begins The temperature in the Middle East got even hotter in April, with Israel and Iran trading attacks on...
11th May 2024
184

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

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

11th May 2024
The temperature in the Middle East got even hotter in April, with Israel and Iran trading attacks on each other’s sovereign buildings/territory. Somehow World War III has never really seemed in danger of breaking out but it is a reminder that only change is constant. Over in New...
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Issue 65 – World Liberty Fiasco Even the most pro-Trump crypto faithful think Trump’s new crypto scheme is a terrible idea.
6th Sep 2024
111

Issue 65 – World Liberty Fiasco

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

6th Sep 2024
Even the most pro-Trump crypto faithful think Trump’s new crypto scheme is a terrible idea.
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More Creators Can Now Make Money on YouTube YouTube Lowers Monetization Requirements for Creators. New Twitter CEO Linda Yaccarino Sets Out...
13th Jun 2023
42

More Creators Can Now Make Money on YouTube

from Mazdak [alt+shift+b] in finance

13th Jun 2023
YouTube Lowers Monetization Requirements for Creators. New Twitter CEO Linda Yaccarino Sets Out Vision for the Platform. YouTube Makes It Easier for Small Creators to Earn Money YouTube is lowering the eligibility requirements for creators to make money from their channels....
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The Hospitality Solution in Your Business A look at the main provocation of Will Guidara’s Unreasonable Hospitality: that you can solve...
11th Sep 2024
122

The Hospitality Solution in Your Business

from Commoncog [alt+shift+b] in finance

11th Sep 2024
A look at the main provocation of Will Guidara’s Unreasonable Hospitality: that you can solve (certain) business problems with hospitality, and that it only takes a little thoughtfulness to do so.
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Money laundering and AML compliance A brief overview of what money laundering is, what financial institutions do about it, and why.
10th Feb 2023
52

Money laundering and AML compliance

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

10th Feb 2023
A brief overview of what money laundering is, what financial institutions do about it, and why.
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Data Update 1 for 2026: The Push and Pull of Data! In my musings on valuation, I have long described myself as more of a number cruncher than a...
9th Jan 2026
1

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

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

9th Jan 2026
In my musings on valuation, I have long described myself as more of a number cruncher than a storyteller, but it is because I love numbers for their own sake, rather than a fondness for abstract mathematics. It is that love for numbers that has led me at the beginning of each...
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May ’24: UK election called The month of May seems a little while ago, so I’d better get on and write it up. This will be quick....
14th Jun 2024
141

May ’24: UK election called

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

14th Jun 2024
The month of May seems a little while ago, so I’d better get on and write it up. This will be quick. The big news in the UK was Rishi Sunak, the outgoing PM, calling a general election for 4 July. Independence-from-the-Tories Day. May was also the month that u-turner/blowharder...
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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...
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What I’ve Been Reading Thoughts on the books I read in Q1 2025
3rd Apr 2025
1

What I’ve Been Reading

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

3rd Apr 2025
Thoughts on the books I read in Q1 2025
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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.
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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.
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Oil, War and the Global Economy: The Market's Narrative in March 2026 Markets play an expectations game, and in March 2026, we saw the process play out, with all of its...
1st Apr 2026
1

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

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

1st Apr 2026
Markets play an expectations game, and in March 2026, we saw the process play out, with all of its upsides and downsides. The month started with a war in the Middle East, which quickly percolated into soaring oil prices and dropping stock prices, but the overwhelming factor was...
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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)...
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Is China Taking Over US Retail? Yes. Let me explain. Amazon made it easy for Chinese companies to sell their products directly to...
17th Aug 2021
24

Is China Taking Over US Retail?

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

17th Aug 2021
Yes. Let me explain. Amazon made it easy for Chinese companies to sell their products directly to American consumers. In response, the Chinese, after having hollowed out American manufacturing, have moved up the value chain to do the same thing to American wholesale and retail....
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What Kills Cartels? Plus! Diff Jobs; Strategic Investments; Media Form Factors; Fees; Critical Minerals; Brand Names
2nd Feb 2026
0

What Kills Cartels?

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

2nd Feb 2026
Plus! Diff Jobs; Strategic Investments; Media Form Factors; Fees; Critical Minerals; Brand Names
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Being an Amazon Seller in 2021; Year in Review I’m the founder and CEO of Viahart (est. 2010), an e-commerce focused educational toy company. We...
23rd Jan 2022
27

Being an Amazon Seller in 2021; Year in Review

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

23rd Jan 2022
I’m the founder and CEO of Viahart (est. 2010), an e-commerce focused educational toy company. We did $8.8 million in sales in 2021. This article is going to tell you what it was like to run this business in 2021 vs. 2020, amidst threats like the Amazon aggregators, supply chain...
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Demystifying financial leverage Leverage is actually reasonably easy to understand, both in the math and in the implications for...
11th Nov 2022
38

Demystifying financial leverage

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

11th Nov 2022
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
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The Wisdom and Madness of Crowds: Market Prices as Political Predictors! In this, the first full week in November 2024, the big news stories of this week are political, as...
7th Nov 2024
31

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

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

7th Nov 2024
In this, the first full week in November 2024, the big news stories of this week are political, as the US presidential election reached its climactic moment on Tuesday, but I don't write about politics, not because I do not have political views, but because I reserve those views...
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Jan ’23: Mr Market defuses my tax bombshell January is always a miserable month to be in London. Thankfully I managed to get away a bit during...
1st Feb 2023
91

Jan ’23: Mr Market defuses my tax bombshell

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

1st Feb 2023
January is always a miserable month to be in London. Thankfully I managed to get away a bit during the month (not to Davos, no), and enjoy myself in London despite the wintry weather. What you’re paying for in Mayfair these days Market movements in January The markets on the...
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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
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Danny Meyer’s Business Expertise Let's break down Danny Meyer's business expertise as an exercise in biography reading.
7th Aug 2024
120

Danny Meyer’s Business Expertise

from Commoncog [alt+shift+b] in finance

7th Aug 2024
Let's break down Danny Meyer's business expertise as an exercise in biography reading.
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Google: Monopolized? Is Google too big? For years, the tech giant has dominated the search market, facing little...
1st Dec 2024
65

Google: Monopolized?

from Mazdak [alt+shift+b] in finance

1st Dec 2024
Is Google too big? For years, the tech giant has dominated the search market, facing little competition.
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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:
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The Mirrortable Mirrortables are to cap tables what stablecoins are to fiat currencies. They streamline and...
26th Dec 2021
42

The Mirrortable

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

26th Dec 2021
Mirrortables are to cap tables what stablecoins are to fiat currencies. They streamline and internationalize the logistical mess of angel investing.
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Why We Shouldn’t “Buy the Dip” “Buying the dip” is buy stocks whenever there is a short-term decline in stock prices, under the...
29th May 2023
22

Why We Shouldn’t “Buy the Dip”

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

29th May 2023
“Buying the dip” is buy stocks whenever there is a short-term decline in stock prices, under the assumption that asset prices will quickly revert, enabling you to make money. This article explains why a government-driven culture of “buying the dip” can be damaging to you and...
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The Fiacracy; A Mental Model for Modern Government This article will explain the following: 1. What is a Fiacracy 2. How do Fiacracies NOT work 3. How...
10th Aug 2024
50

The Fiacracy; A Mental Model for Modern Government

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

10th Aug 2024
This article will explain the following: 1. What is a Fiacracy 2. How do Fiacracies NOT work 3. How Fiacracies work 4. Are Fiacracies sustainable 5. Why Fiacracies matter 1. What is a fiacracy? It’s government by fiat (money). The driving mechanism by which it works is not...
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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.
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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.
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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
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Mar ’26: Iran clobbers markets In March the rain stopped. We started March with North London already having seen 2x its usual...
12th Apr 2026
1

Mar ’26: Iran clobbers markets

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

12th Apr 2026
In March the rain stopped. We started March with North London already having seen 2x its usual rainfall for this point in the year. And thankfully in the middle of March, it stopped. As I write this I have actually needed to start watering the garden, something that felt a very...
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Data Update 4 for 2024: Danger and Opportunity - Bringing Risk into the Equation! In my last data updates for this year, I looked first at how equity markets rebounded in 2023,...
28th Jan 2024
27

Data Update 4 for 2024: Danger and Opportunity - Bringing Risk into the Equation!

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

28th Jan 2024
In my last data updates for this year, I looked first at how equity markets rebounded in 2023, driven by a stronger-than-expected economy and inflation coming down, and then at how interest rates mirrored this rebound. In this post, I look at risk, a central theme in finance and...
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Google’s New AI Summaries in Discover: The Next Blow to Publishers? If you work in media or publishing, brace yourself — another platform update from Google is quietly...
15th Jul 2025
47

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

from Mazdak [alt+shift+b] in finance

15th Jul 2025
If you work in media or publishing, brace yourself — another platform update from Google is quietly shifting the ground beneath us.
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When Labor is Scarce, Equity is the Mezzanine Tranche Plus! What Goes Up; Refinancing; Investor Relations; Scaling; Infrastructure
2nd Apr 2026
1

When Labor is Scarce, Equity is the Mezzanine Tranche

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

2nd Apr 2026
Plus! What Goes Up; Refinancing; Investor Relations; Scaling; Infrastructure
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AI is polytheistic, not monotheistic And ten more thoughts on AI.
3rd Aug 2025
61

AI is polytheistic, not monotheistic

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

3rd Aug 2025
And ten more thoughts on AI.
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Imperfectly Enforced Rules Create Bad Local Maxima Plus! Ads; Marketing; Pricing; Take Rates; SPVs
1st Sep 2026
1

Imperfectly Enforced Rules Create Bad Local Maxima

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

1st Sep 2026
Plus! Ads; Marketing; Pricing; Take Rates; SPVs
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Dell's Capital Expertise We trace Michael Dell's skill at the art of capital in business, and use it to examine how skill at...
1st Jul 2023
128

Dell's Capital Expertise

from Commoncog [alt+shift+b] in finance

1st Jul 2023
We trace Michael Dell's skill at the art of capital in business, and use it to examine how skill at capital allows you to make moves that aren't available to a novice business operator.
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An Ode to Restraint: Lessons from the Tim Cook Legacy Through time, we have glorified conquerors and empire builders in politics, civic life and business,...
6th May 2026
1

An Ode to Restraint: Lessons from the Tim Cook Legacy

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

6th May 2026
Through time, we have glorified conquerors and empire builders in politics, civic life and business, from Alexander the Great and Genghis Khan to the tech titans of today. That is no surprise, since these individuals have oversized personas and often change the course of history,...
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The Surprising Distribution Effects of "Buy-Borrow-Die" Plus! Full-Stack; Scarcity; Sum-of-the-Parts; Nice Problems to Have; Distribution
2nd Jan 2026
1

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

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

2nd Jan 2026
Plus! Full-Stack; Scarcity; Sum-of-the-Parts; Nice Problems to Have; Distribution
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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...
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It’s Time to Build… Assets? One of the main reasons for the decline in goods and services in the United States, and to a lesser...
28th Mar 2026
1

It’s Time to Build… Assets?

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

28th Mar 2026
One of the main reasons for the decline in goods and services in the United States, and to a lesser extent, the world, is the financialization of our economies by excessive money printing. Let's break that down into simpler language. The quality of the things and services you buy...
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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...
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All the Demand Ideas from The Heart of Innovation, Simply Stated All the ideas of the Heart of Innovation, compressed into one piece.
3rd Mar 2026
1

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

from Commoncog [alt+shift+b] in finance

3rd Mar 2026
All the ideas of the Heart of Innovation, compressed into one piece.
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Deposit insurance maximization as a service In the wake of the recent banking crisis, there is some attention to deposit insurance limits. Some...
5th Apr 2023
40

Deposit insurance maximization as a service

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

5th Apr 2023
In the wake of the recent banking crisis, there is some attention to deposit insurance limits. Some products increase them; here is how.
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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.
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How to Become Data Driven The answer, like most things from Statistical Process Control, is more surprising and more obvious...
6th Feb 2023
106

How to Become Data Driven

from Commoncog [alt+shift+b] in finance

6th Feb 2023
The answer, like most things from Statistical Process Control, is more surprising and more obvious than you might think.
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Warren Buffett’s Thanksgiving Letter Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
11th Nov 2025
1

Warren Buffett’s Thanksgiving Letter

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

11th Nov 2025
Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire.
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✈️ A FLIGHT THAT ALMOST ENDED VERY DIFFERENTLY October is here, the markets are coming off a pretty choppy September, and there’s a lot happening...
1st Oct 2026
2

✈️ A FLIGHT THAT ALMOST ENDED VERY DIFFERENTLY

from Mazdak [alt+shift+b] in finance

1st Oct 2026
October is here, the markets are coming off a pretty choppy September, and there’s a lot happening beneath the surface.
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Case for indexing Warren Buffet made a compelling case in favor of indexing in the 2021 Berkshire Hathaway’s AGM. In...
5th Feb 2023
49

Case for indexing

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

5th Feb 2023
Warren Buffet made a compelling case in favor of indexing in the 2021 Berkshire Hathaway’s AGM. In 1989, 65% of the top 20 global companies were domiciled in Japan. After three decades, 65% of the top 20 global companies are from the US. No companies from Japan made into the top...
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