There is a critical component of the socioeconomic narrative that risks slipping under the radar of the panic induced coronavirus. It’s very NB to engage on these subjects because I think we’re entering into a period where social and regulatory structures globally are ripe for change. It’s important for businesses and individuals to be aware … More Corporatism, Bailouts and Moral Hazard
This is the transcript of a talk I gave at Sakelige in Pretoria on Business Cycles and Capital Structure in October 2019. Video recording here. Good afternoon. Great to be here with you, a group of real risk-takers who are advancing society one risk at a time. Honour to share the stage with a mentor of … More Policy impatience and perpetual business cycle autumn
Not the best book I’ve ever read. Not terrible either. Mauboussin is an experienced and creative thinking investor with a number of great insights – I’ve listed a few below. I just didn’t really get into the book and it took a while to read so there wasn’t much enjoyment. Investing is more about temperament … More More Than you Know: Michael Mauboussin
I plan to share a few bitcoin valuation and sentiment indicators with readers in the future. Before we get there, I’d like to create an appreciation of the reason stores of value like bitcoin are particularly valuable in global financial markets in 2019. This should lay the groundwork for interpreting future research. Summary: Central banks have … More Where can we store our Value?
I recently visited Singapore and read Lee Kuan Yew’s (LKY) “3rd World to 1st World – The Singapore Story” to get a feel for the history, culture and politics. What an incredible character and an intriguing place! LKY is an unusual mixture of free-market advocate, state interventionist, anti-communist but adherent of socialism and yet he’s … More From 3rd World to 1st World, notes from Singapore
An insightful account of the social, economic and political trends of the 1920’s, 30’s and 40’s, centred on the monetary economics leading to the great depression. As someone with a passion for monetary economics, there were times when I was looking for a little more opinion, defence of good ideas and criticism of weak. But … More Lords of Finance by Liaquat Ahamed
A friend set a challenge – a brief written motivation for bitcoin. Bitcoin is the first fully decentralised value transfer mechanism. The current financial system is centralised with reliance on trusted intermediaries to complete all value transfers, which is problematic. We rely on central banks to protect the value of our currency, government to make … More The liberation of money – A revolution worth fighting for
I read Shiller and Akerlof’s 2009 book Animal Spirits in late 2016 on recommendation from a friend. It was a departure from the economics that I usually engage with and I faced some difficulty as a result but it was rewarding to push myself to better understand a different school of thought and gain insight … More Animal Spirits: Confidence based on reality or fantasy based on wishful thinking
I recently read Austrian School for Investors by Rahim Tagizadegan, Ronald Stoferle, Mark Valek and Heinz Blasnik I thoroughly enjoyed this practical application of Austrian Economics. It is written in such a way that a novice in this field could navigate his/her way through. That being said, the Austrian’s School’s departure from Monetarist and Keynesian … More Book Review: Austrian School for Investors
I know this is little last minute but told a friend that I’d send him some analysis on the Brexit, which combined with my determination to kick-start blogging again, has led to this post. Enjoy! Brexit: The opportunity but not a guarantee to make constructive change On Thursday 23 June the United Kingdom … More Brexit: An opportunity but not a guarantee for constructive change
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