Sound Money is the challenge and opportunity of our lifetime. Unsound money is the cause of numerous social ills. Bitcoin is solution as important as previous tech revolutions. Educating, advising and managing capital through this powerful transition.
More credit is not the panacea for debt! That is the message from Garet Garrett’s 1932 book, the Bubble that Broke the World. The overuse of debt was a critical cause of the Great Depression (I detailed the other causes here and here). America was a funder of WW1 before entering the war and extended … More The Bubble that Broke the World
With 200%+ returns per annum since 2010, Bitcoin has generated one of the best investment returns in recent years, perhaps ever! It has also experienced massive volatility and huge drawdowns during the 4 bull and 3 bear markets since its creation in 2009. HODLers who average their purchase prices through time and don’t intend to … More Bitcoin Investment Analysis | Preparing for the coming bull-market
An intriguing portrayal of isolation and estrangement. Humans yearn to be understood and experience intense difficulty when we’re unable to communicate, particularly to those closest to us. Sometimes we attempt proactive communication and almost succeed. We simplify the message, if we even know what it is, and we vocalise the challenge, if we can find … More The Metamorphosis by Franz Kafka
The 1920s-1930s and 1960s-1970s are two periods with remarked monetary disorder, similar to today. After reading Rothbard’s America’s Great Depression, I read French economist Jacques Rueff’s “the monetary sin of the west” to gain a few insights on the 60’s. The world was meant to be on a gold standard during both the 20s and … More The Monetary Sin of the West
I’ve watched many of YouTube-sensation Jordan Peterson’s interviews, but it was rewarding to engage with his provocative approach to gender, culture, meaning and truth on paper. He’s a divisive figure – I think it’s because of the way his ideas are perceived to be used by less politically correct segments of society. But there are … More 12 Rules for Life – Jordan Peterson
A personal note. A sunny Saturday afternoon. A beautiful view of Downtown LA, looking South East towards USC. Shouting, screaming, breaking glass… I don’t think it was THAT bad. I HOPE it wasn’t that bad. But the breaking of glass and the screams were certainly loud enough to shake me. I know it’s only anecdotal, … More Are we listening?
An article for Alexander Forbes clients appeared in Money Web and the Citizen this week: https://www.moneyweb.co.za/news/markets/all-cycles-turn-eventually/ COVID-19 is the trigger, not cause, for global recession Volatility and risk repricing after years of complacency Long-term asset class return expectations improve Coast is not clear in short term Value in South African real interest rates Ripe conditions … More All Cycles Turn Eventually
A wonderful exposition of Austrian Economics by Frank Shostak and the dangers of seemingly innocuous mathematical economics in this article: https://mises.org/wire/problem-velocity-money. I’ll re-hash so that I solidify this critical concept in my own head… This is unlikely to be valuable to those who haven’t studied formal economics. Mathematical economists manipulate; (1) Velocity (V) = Value … More Velocity and the Dangers of Mathematical Economics
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
This is a technical financial market article, French for lay-people. There is a tension between long-term and short-term forces on the world’s global reserve currency, the US dollar. The outcome is incredibly important for the global economy, asset class performance and investment outcomes across the globe because the USD is the funding currency for international … More Navigating murky eurodollar and USD strengthening risks
Sound Money 