Substack Library
GlossaryAI, the Other and Japan
May 25, 2024“In modern times, much of the real business of empire has moved underground. American imperium still uses military power to keep surface trade routes open, deploying the US Navy to patrol global sea-lanes. But American power also travels along buried fiber-optic cables, insulating itself into networks like the internet and the complex financial infrastructures used by banks to send money around the world.”
An Entrepreneur’s Path
May 22, 2024“In spite of all the farmer’s work and worry, he can’t reach down to where the seed is slowly transmuted into summer. The earth bestows.”
A Portfolio for the Great Flattening
May 17, 2024Among the producers of horse-drawn carriages to enter the automobile industry, the most notable and successful example was Studebaker, one of the world’s largest producers of horse-drawn carriages and wagons. It had a well-developed distribution network and proved to be one of the few traditional technology companies to make a transition to the new technology.
Of Sanctions and Shipping
May 16, 2024We hear about sanctions all the time. Biden just put more on China.
Today’s Soviets & Long, Variable Lags
May 10, 2024If you like this content, subscribe! (The poster reads—Have you volunteered?)
Look Below the Placid Surface
April 26, 2024The directors of such companies…being the managers rather of other people’s money rather than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance with which [they would] watch over their own.
Wealth, War& Rates
April 19, 2024Readers, I was a guest on the Market Huddle podcast this week. Here is a recording if that’s of interest. I will also release a new podcast this weekend, a conversation with writer David McCloskey, once a spy, now a spy writer. Finally, while I wish I could give away the material for free, I can’t. The paywall compensates me and my team for the effort.
Bitcoin, Gold, Risk
April 12, 2024Hello readers! Book #3, The Uncomfortable Truth About Money, is now available for pre-order. The publishers will release it just before the holiday season. This book is non-fiction, like my first one, Raising a Thief, which is about being a parent. Now I am working on a sequel to Master, Minion, which is fiction.