Ukrainian elections are necessary to ensure Ukrainians are enfranchised to vote on the US peace deal. If Ukrainians want to fight Russia to the death, as Zelensky wants to do, that's fine, but we should be 100% sure the Ukrainian leadership has a clear mandate from the Ukranian

Is Zelensky operating with out a mandate? I dug into the constitution of Ukraine to figure this out for myself. Article 103, paragraph 5, clearly says that the presidential elections should have been held in 2024. (thread continues below)

On the third anniversary of the Ukraine war, Georgian government can look Georgian people in the eye and say we have been true to our values, principles, and beliefs. This is why Georgian Dream was re-elected for the fourth time last October. The national interest remains, as

What this actually tells you is that some people don’t understand the difference between ex ante and ex post. Real world investing takes place on an ex ante basis where risk and uncertainty exist. If you cherry pick past winners & use this type of analysis, you will reach the

Have just posted my first blog article in a while: "Artificial Intelligence or Authentic Stupidity". Link to my blog is available in my bio (X's algo apparently dislikes posts with links to external social sites). Apologies about the long wait/my inactivity. LT

A few people have mentioned I failed to reference the recent "circular deals" of (for eg) Nvidia investing in OpenAI to fund OpenAI's purchase of NVDA chips. This was deliberate. While in theory such deals can be dubious and create the potential for abuse, I don't view either

To its long list of other failings/sins, we can now add the Western liberal media knowingly acting as a propaganda mouthpiece for Hamas and failing to disclose that fact. I'm often shocked and appalled at the credulity and complete ignorance of the information/propaganda

A good heuristic to use to determine if your position size is too large (or indeed whether you should still be running a position at all) is to ask yourself what you will be inclined to do if the price drops by 10%. If you will be inclined to buy more, it is not too large. If you

My sense is China does not want/intend to go ahead with its export ban on rare earths. It came in response to further US restrictions, and is likely designed to highlight that "hey, we actually have a lot of negotiating power/leverage here don't ya know". And they do. Trump's

I was having a group dinner on Friday (Singapore time before tariff news dropped). One member noted markets indeed seemed frothy/extended/expensive but that it nevertheless "felt" like they had a bit further to run; they were cautious but believed it too early to pare risk. I

The optimal/rational approach would be to play exactly the same - neither pivoting defensive nor more aggressive. The idea it is "house" money is illusory - it is now your money, and the fact you've made it quick should not rationalize going on "tilt" and being more reckless &

Both of the following are simultaneously true: *Stock markets are expensive and therefore ought to be receptive to IPOs, and yet there are relatively few. *Private equity funds are struggling to achieve "exits" and return meaningful capital to their investors; they are resorting

I have repackaged and expanded the below into another blog article, which can be found here: "Where are all the IPOs? The great private equity ruse" lt3000.blogspot.com/2025/10/where-… Cheers LT