A Framework and Soros

If 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.

• Investing

Betting on Human Nature

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• Investing

Labor

If you read these posts regularly, forward them and download the podcast, I am making a request—become a paid subscriber or a sponsor. I think you now have a sense of what we are up to. Below, I’ll tell you a bit of where we would like to go.

Speeches That Resonate, Forever

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• Podcast

Moral Man, Amoral Markets

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• Investing

The Talent Skedaddle

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• Geopolitics

China Context

For foreigners, particularly Americans, it’s hard to make sense of Chinese policy because the systems are so different. This is evident in the reaction to Chinese regulators’ decision to defenestrate private Chinese education companies. A representative sample from Bloomberg:  “after a week of wild market swings and tense calls with clients, some investors have decided China just isn’t worth the trouble.” For the record, China’s stock market is up 27% since Jan. 1, 2020 and down 7% this year.  With that in mind, some context.

• Geopolitics

A Woman’s World

There 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.

• Investing

Our Stock Market Addiction

Dude, 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?

• Investing

Discontent

I’m thinking Canada, he said, looking up to judge my reaction.

• Investing