Upside risk is the new downside risk. 08 was the spark, 2020 was the entrenchment of destructive QE and politically driven global fiscal mania. The reason homes cost so much, insurance, HC, cars, schools - anything with a modicum of scarcity is ballooning is because your

Exercício para os leitores: em que ano a Polónia deixou de ser socialista e adopta uma economia de mercado? Graficamente chama-se o ponto de inflexão.

We're entering a time where we can't rely on governments to provide us services anymore And we have to do it ourselves Energy, water, security, healthcare, education etc. they all don't function as well as they should now, while you do pay for them Which is sad because I grew

If you wonder how the EU could agree to such a humiliating deal: It’s because the EU has no political leverage. It has outsourced its energy needs, neglected its defense, sabotaged its industry, regulated away any innovation, and generally failed to become an indispensable

"Gen Z men with college degrees now have the same unemployment rate as non-grads," per FORTUNE

Friendly reminder that a large percentage of the electorate is financially illiterate and thinks billionaires like Elon Musk actually have hundreds of billions of dollars sitting in a bank vault like a cartoon.

If everything is fine, then don’t change anything at all. But when the financial system isn’t working for so many people in the UK, it needs to be updated.

From Gary Gensler to this in the span of a year is insane

The stablecoin boom: Stablecoins now hold $149 billion in US Treasuries and making them the 18th-largest external holder. These holdings have risen by ~$58 billion, or +64%, since Q1 2023. Over the same time period, the market cap of stablecoins has doubled to a record ~$240

If tokenization of private stock (a la Robinhood's efforts) takes off, I wonder if we're even going to talk about public vs. private companies in the future. May just be kind of a spectrum of various levels of liquidity and disclosure.

AI is moving too fast to spend 4 years in college.

When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him.

The Democrats’ ability to lecture anybody on democracy plummeted when they failed to primary Joe Biden.

In a way it's crazy the group of people getting the tax money also chooses how high that tax can be? Like shouldn't it be some neutral party that isn't dependent on that tax that chooses if it goes up or not? Absolutely wild

In other words, nothing stops this train.

"The goal of media is to make every problem, your problem." Naval

Currently, 9% of the world’s population live in extreme poverty, (defined as <$3/day). That 9% today was 30% in 2000 and 50% in 1970. Don't let the doomers get you down. Humanity has made tremendous progress.

The Democratization of Wealth: Markets as the Great Equalizer. open.substack.com/pub/diogomengo…

It's probably not a bad idea to read The Sovereign Individual in the next year or two if you haven't already