Substack Library

Glossary

Using Money Well & Yen Perspective

In an ideal world, the scientist should find a method to prevent the most severe forms of autism but allow the milder forms to survive. After all, the really social people did not invent the first stone spear. It was probably invented by an Aspie who chipped away at rocks while the other people socialized around the campfire. Without autism traits, we might still be living in caves.

AI, the Other and Japan

“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

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

Among 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

We hear about sanctions all the time. Biden just put more on China.

Today’s Soviets & Long, Variable Lags

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The Practice

You have to choose, do you want to be number 1 or do you want to be happy?

Look Below the Placid Surface

The 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

Readers, 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.