Substack Library
GlossaryDoes Profit Snuff Out Innovation
October 31, 2021The magic of 007 broke when “M” downed whiskey after whiskey in his office. We know fiction is an invention, yet still feel disappointment when that becomes obvious. Today smoking in the office is verboten and the head of British Intelligence is knocking back Macallan at work?
A Diabolical Challenge
October 24, 2021Money is both a constant in human life and constantly unstable, like the ocean. Sometimes money lurches from one market to another, like a stock market crash. Sometimes prices begin to rise, like now. Eggs cost 12% more than a year ago. An egg is an egg, you just pay more for it. If your wealth is fixed and eggs cost more, effectively you are now poorer.
The Art of Not Destroying Wealth
October 3, 2021If someone forwarded this to you, you can sign up here.
The Outlook and Ms. Eilish
September 26, 2021This is Part 2 of my answer to a subscriber who asked what the big picture “take-away” is, the outlook. If someone forwarded this to you, you can sign up here.
A Framework and Soros
September 15, 2021If someone forwarded this to you, you can read this post to understand what Things I Didn’t Learn in School is about. Today’s post is free. Next week’s will only be for subscribers. A number of you have already signed up. Thank you. I am going paid for a number of reasons. First, I have a small staff and I want to pay them more. Second, after years managing money, I am trying to figure out if there is value in translating an investor’s thinking to a generalist audience. Putting a price on this information helps clarify that question.
A Woman’s World
July 25, 2021There is nothing more natural than having babies. Sitting at a desk in a public library, I watched about 30 of the next generation wobble uncertainly on the grass, shaded by tall trees. “You put your left foot out…,” they sang, a young parents’ group from the look of it or, more accurately, mostly a young mother’s group since there was just one man.
Our Stock Market Addiction
July 18, 2021Dude, everyone is doing it, just re-register your company as an C-Corp and put out the call for money. In this environment, why not?