The Book of Satoshi

Great to contrast bitcoin’s humble beginnings on a cypherpunk mailing list vs. the institutionally investable $1tn network today. Or perhaps we can contrast the collaborative atmosphere of the early contributors vs. the tribal warfare waged on twitter today. While many things have changed, many have not. Bitcoin scaling, transaction fees, privacy and numerous other topics … More The Book of Satoshi

Chris Cole on derivatives, volatility, market structure and regime change

Really enjoyed this Grant Williams podcast with Chris Cole. In fact, all Grant’s interviews in this series are worth listening to (more than once). There’s a lot of info I didn’t fully understand in this interview. Options and derivatives aren’t my strong point, but the interaction between these variables, volatility, monetary policy, macro and market … More Chris Cole on derivatives, volatility, market structure and regime change

Sound Money Monthly: (ed.4) Where can we place our trust?

TLDR: The foundations of social trust are being tested. Our unsound monetary system with its negative consequences is a driver of this trust deficit. Communities that adopt sound money assets take a proactive step towards trustworthy relationships and away from the insidious consequences of unsound money. Youtube summary video: Trust – there’s simply not enough … More Sound Money Monthly: (ed.4) Where can we place our trust?

Book Review: The Nihilism, Constraints and Multipolar vision for Geopolitical Alpha

Excellent book where Marko Papic outlines his geopolitical investment framework. An educational and enjoyable read with plenty of examples. Three elements that really struck me; nihilism, constraints and the multipolar vision. Nietzschean Nihilism Marko is a powerfully nihilistic analyst. It makes his research incisive, differentiated, entertaining and valuable. Something to strive towards as an analyst. … More Book Review: The Nihilism, Constraints and Multipolar vision for Geopolitical Alpha

Inflationary Intervention Triggers Depression Risks

Although painful, the solution to the 2020 economic recession is simple – uncover our problems, let prices adjust and reallocate capital towards productive usages. The quicker we adjust, the shorter the recession and the sooner we create a sustainable economic foundation for future prosperity. This approach is the polar opposite to the current interventionist and … More Inflationary Intervention Triggers Depression Risks

“History never repeats but it rhymes” – 4th Turning Crisis Preparation

The 4th Turning by Strauss and Howe is the best book I’ve read in recent time. Using a combination of demographics, economics and sociology, the authors analyse American history through generations. Rather than the orthodox approach, looking at history through the eye of the leaders, they pinpoint the influence of key events on each generation. … More “History never repeats but it rhymes” – 4th Turning Crisis Preparation

From 3rd World to 1st World, notes from Singapore

I recently visited Singapore and read Lee Kuan Yew’s (LKY) “3rd World to 1st World – The Singapore Story” to get a feel for the history, culture and politics. What an incredible character and an intriguing place! LKY is an unusual mixture of free-market advocate, state interventionist, anti-communist but adherent of socialism and yet he’s … More From 3rd World to 1st World, notes from Singapore