Peak Tesla?!

Amazing that UK insurers that don’t invest in UK stocks but like to profit from high ground rent at expense of leaseholders!

standard.co.uk/homesandproper…

Kensington, Westminster and Fulham area and Wandsworth and Merton voted Labour…areas Tories shouldn’t really be losing surely?

Increase revenues by $33bn and massive tech adoption in trading but revenue per head stays flat…
More compliance officers than the Indian railways?

Me trying to describe what Dan Davies’s Unaccountability Machine is about and why Stafford Beer’s Cybernetics is so useful as a way to think about lots of frustrations today. Via Bloomberg Opinion
The Forgotten Management Guru Who Knows Why Nothing Works
bloomberg.com/opinion/articl…

Politics journalists in therapy…
“Are these anonymous sources predicting a huge anti Labour swing in London in the room with us now”

And we are worried about Ai bots on social media….

Finished The Unaccountability Machine by Dan Davies

It's a superb read that made me laugh and made me think.

Strong recommend.

amzn.eu/d/awvZt2B

The OCaml jockeys last year accounted for over 10% of all US equity activity. Its ETF trading volumes alone are equal to five times the volume of all shares changing hands on the entire London Stock Exchange.

Bank capital ratios - I thought “proper” regulation already looked at asset quality, liquidity! How does gender diversity help prevent bank runs?

BIGGER THAN PPI SCANDAL!

London has a housing crisis + service charges matter! Why? 40% of London homes are leasehold + majority of homes for young people…25%+ of rent costs are service charges…systemic abuse by freeholders…extra fees + paying friendly suppliers in related party transactions!
⁦

Tory MPs queuing to leave…

London’s housing cost crisis is heavily linked to service charges given number of leaseholds!

'If leaseholders face large increases in their Service Charges without being clearly explained what it’s paying for, they should be able to do something about it – including having stronger rights in law” Mayor of London, Sadiq Khan

Michael Gove Rishi Sunak

perspectivemedia.com/khan-calls-for…

London has a housing crisis + service charges matter! Why? 40% of London homes are leasehold + majority of homes for young people…25%+ of rent costs are service charges…systemic abuse by freeholders…extra fees + paying friendly suppliers in related party transactions!
⁦

amazing thread review! thank you so much Paul

“Any system which is set up to maximise a single objective has the potential to go bonkers.” This is the big theme of Dan Davies's book The Unaccountability Machine. It’s an excellent read. I highly recommend it.

Reading the “The Unaccountability Machine” by ⁦Dan Davies⁩ and “the accountability sinks” reminds me of faceless freeholders and the UK’s complete lack of regulation of their activities…