Reuters…on the most exciting story in the financial world: Argentina’s Milei wants to make austerity great again. ‘Argentina’s libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. He warned there was “no money”, pledged shock therapy for the economy and said things would get […]
No Index
Converted or Deleted
‘We did well under the first Trump Administration. We did better under Biden. I think we’ll do even better in the next administration.’ Palmer Luckey, co-founder of leading defense firm Anduril When Dwight Eisenhower was elected, he promptly cut military spending by nearly 30%. The war was over. Eisenhower understood that the nation should return […]
The Most Important Book You’ll Ever Read
We participate in about 20 or so different publishing businesses all over the world. They were started or acquired over our 40-year career in the publishing industry. Our favourite is an ‘intellectual’ book publisher in Paris, Les Belles Lettres. It fell into our hands largely by accident. We had struck up a friendship with the […]
The Power to Smite
We were cheerfully explaining what would happen in the second Trump administration. But first… Here’s the latest from the Musk/Ramaswamy duo. Business Insider: ‘The Biden administration said Monday it would help finance two battery factories in Indiana being built by a joint venture involving Jeep owner Stellantis and Samsung. ‘The announcement provoked a furious reaction from one […]
The ‘Big Man’ Approach
‘The strong do what they can; the weak suffer what they must.’ Thucydides Donald Trump is going to Make America Great Again… in the same way, most likely, he made it great the last time he was president. Investors are excited. Here’s Markets Insider: ‘Despite mounting geopolitical and macroeconomic concerns globally, international investors seem to […]
Time to Chop Wood
People choose whom they work with. They choose whom they marry and live with. They choose their dentists, doctors and decorators. They choose their president and Congressional representatives. They choose their food, their clothes, their autos, their videos and house plants. But they don’t choose their families. And when the genetic cards are shuffled and […]
