US bank regs are so onerous, doing anything is so hard, there are so few major banks left (with fewer to come), there are so many govt guarantees, and the banks have such close relationships with govt that they are de jure capitalist private companies but de facto state owned.

If one’s country is experiencing hyperinflation and its government is competent and not collapsing, one needs to buy physical commodities and self-custodied crypto, because said country’s financial markets and crypto exchanges will, under government pressure, refuse to redeem

This interview is packed with contrarian wisdom that will guide you over the next 10-20 (likely volatile) years.

I enjoyed speaking with the great steve hsu and you will enjoy listening.

1:22 Molson Hart's background & experience in China
5:26 The IQ Question
13:19

Does anyone know why ocean container shipping prices are spiking again?

Routing all container ships around Africa instead through the Suez obviously increases prices, but why are prices continuing to rise months after that shock?

There is an old Chinese parable called “the frog in the well”.

The frog thinks he lives an amazing life because he has never left the well.

Perhaps you have also heard of “the boiling frog”?

A frog dropped in suddenly boiling water jumps out immediately but if that water

Countries change.

India is dirty today but in 1-2 decades, with the right government it can be as clean as Singapore.

I watched China go from a dirty mess to orderly and clean over 15 years.

We are becoming a low trust society

Every major religion bans high interest loans.

Some ban interest completely.

Others have exceptions “you can charge high interest to people who do not belong to our religion”.

Are we with our 20% interest credit cards wiser than every religion from Buddhism to Christianity?

Over the past 4 years my company has spent $88k on elective insurance (real estate, product liability, workers compensation)

We have received $10k in payments (cyber fraud).

I’ve probably wasted 40-80 hours managing this.

Strongly considering dumping all elective insurance.

Approx half of the top 20 apps in Education category are now AI cameras that do your homework for you

not that i am aware of

incentives are....very bad for that

I want to thank everyone who has shared or replied to my posts over the years.

In particular, two mutuals made this come together.

Amazing things happen on Twitter when you write “send location” 😂

After seeing dozens of people tell me that I would now be killed for speaking