Nine meals from anarchy

I heard the phrase ‘nine meals from anarchy’ mentioned without any context. It appears that it comes from the title of a talk given in Leeds in 2008 about the vulnerability of our oil-based agriculture. I had assumed it was some pithy summary of the fact …

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Saturday 9, April 2022

Green Agenda

This tweet caught my eye. I don’t know or care if Obama believes in AGW and its likely effects on sea levels. I care about the fact that this person, who was given great power and continuing influence, as well as huge wealth …

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Thursday 7, April 2022

Ukraine and fascism

I am not an expert on Ukraine, any more than I was on Covid or supply chains. Twitter is a source which is not ideal, but it does have some good content. I think it’s worth reading this. Certainly, it must be …

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Wednesday 6, April 2022

Image of the day

Edward Hopper pic.twitter.com/GtUGj20OhZ

— Daniel Brami (@Daniel_Red_Eire) April 6, 2022

Tweet of the day (last week)

A lot to chew on here pic.twitter.com/hn2UOaRogN

— Eoin Kelleher (@eoinyk) March 27, 2022

https://twitter.com/eoinyk/status/1508116790622269447?s=20 …

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Tuesday 5, April 2022

Elon and Twitter

I am a fan of Twitter. I follow a lot of those who are ultra-sceptical of Elon Musk. I wonder if they will be able to continue to tweet without their content being hidden by Twitter’s rather unsatisfactory search capability. Even more …

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Monday 4, April 2022

Wrap

Elon Musk took a 9.2% stake in Twitter, sending its shares to the stratosphere. This knocked all the mega cap names higher, which resulted in the Nasdaq rising 2%. The broader index, the SPX, rose only 0.8%.

The announcement that Special Petroleum Reserve …

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2 April

Stanley Druckenmiller is a legendary trader, with a record which is a lot better than Warren Buffett’s, in terms of annual consistency. He looks at economics, industry characteristics, accounts, market liquidity and charts. Interestingly, he doesn’t believe that technical analysis is voodoo. He particularly believes in …

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Friday 1, April 2022

Board dysfunction

“Incentives matter.” That’s a two-word summary of the subject of economics. Capitalism, a development that, arguably, has immeasurably enriched a large part of the global population, and certainly raised productity to the point where the planet can sustain a vastly greater number of …

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Thursday 31, March 2022

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Wednesday 30, March 2022

25 - 4 == 9?

A lot of the financial world is concerned with valuation. It would seem that we can know what the SPX is valued at. I write a (mostly) daily paragraph about how valuations of a small range of liquid assets has moved. It might …

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