Pitch a Nuanced Bitcoin Expert for Jon Stewart
Let Jon Stewart know if you want a nuanced bitcoin expert on his show. Like this post, and then comment on your favorite expert.
Bitcoin’s Decentralization Renders Its Creator Irrelevant
Ansel is right. People with this view don’t truly understand the open source aspect or the proof of work aspect fully. A strong point about Bitcoin is that it literally doesn’t matter who created it. It can be assessed on its...
Early Flight Delay Turns Inconvenience Into Relief
That feeling when the only flight available that day is annoyingly at 6am, so you begrudgingly book it anyway, but then the airline emails you like, “we regret to inform you that your flight tomorrow has been delayed by two...
Fed Studies Tariffs' Impact on Goods Inflation
The Fed has been putting out research reports trying to assess how much goods inflation can be attributed to the tariffs. https://t.co/F4ND6acO1f https://t.co/a0LGrXd9pw
Treasury Bill Rollovers & Debt Swaps Overhyped on FinTwit
Two topics that get 100x more airtime than they deserve on fintwit: 1) Trillions in Tbills constantly maturing and getting bought again by the same balance sheets that hold them now. 2) The Treasury issuing some on-the-run debt to buy back some...
Short Prologues Boost Novels, Not Overwhelm Readers
Prologues kind of fell out of favor for a while because people wrote overly long ones, but I think short, concise prologues often add a lot to a novel. The Stolguard Incident starts like this: https://t.co/GFBR8IIKsU
Berkshire's Cash Ratio Spikes to 44%, Double Historic Average
Since Berkshire is an insurer, it needs a lot of cash on hand, and so ratio charts tend to be more informative than nominal charts. Berkshire's cash amount as a share of enterprise value has averaged 24% over 20+ years, whereas...
Fiat Money Can't Fill Oil Supply Gap
Since questions about private credit are so popular today, I had a segment with Danny about the topic:
Cultivate and Polish Your Unique Authorial Voice
The ideal scenario is to find/develop your own authorial voice, and then refine it to make it the cleanest, optimal form of your style that you can.
Engineer Turns Fiction Weakness Into Writing Strength
The truth behind this is that I studied fiction prose quite extensively, since I knew that was my weakness ahead of time (relative to story, characters, etc). I'm an engineer/financier, not an English major. So I focused heavily to turn that...
Blind Support: Everyone Backs Samuel without Understanding Hormuz
The whole world is like “I don’t know what the Strait of Hormuz is, but I’m with Samuel on this.”
Strait of Hormuz Closure Becomes Looming Global Catastrophe
My job is to entertain you most of the time, occasionally quell sensationalist headlines, and so forth. You know, the normal stuff. But each day the Strait of Hormuz remains closed is a growing global catastrophe that people are sleepwalking into. That’s the...
Finding Authentic Hummus Abroad Sparks Pure Joy
My vibe when I encounter good hummus outside of the Middle East is like https://t.co/4IUabv8KjB
Philly & South Jersey Pizza Rival Top U.S. Classics
The thing about Philly and South Jersey is that while we are known for cheesesteaks, we actually have some of the best pizza in the country. Plenty of Italian pros here. When I’m asked NYC or Chicago Pizza, my answer is...
My Take on Private Credit and Blue
Every time I am asked how concerned I am about private credit, blue owl and so forth: https://t.co/CpLdqG23BS
Iran Conflict Could Disrupt Gradual Money Printing Plan
My March public newsletter is now available, and discusses to what extent the war on Iran may impact the "gradual print" scenario. Enjoy: https://t.co/4hDx5MSKSS https://t.co/tKqORqDF4D
Novel Blends Mistborn Magic with Blade Runner Noir
For those who like comparisons, "Mistborn meets Bladerunner" is how I sometimes pitch my novel. This reviewer seems to have seen it similarly: https://t.co/h7TgGPO5kL
Memecoin‑like Rallies Come with Equal Downside Risk
When things trade like a memecoin to the upside, they are also at risk of doing so to the downside.
30‑Minute Video Offers Clear Overview of Money History
The 30-minute video version of Broken Money is a really accessible overview of money and its history: https://t.co/ctSK0Eif4g
Avoid Sensationalism; Prioritize Long‑term Accuracy in Macro Analysis
A lot of folks try to drum up short-term engagement by being sensationalist at the cost of long-run accuracy, banking on the idea that readers have short memories. If you're following macro folks, make sure they tell you sometimes that things...
Powell Sets $20‑25B Monthly QE Baseline, $40B Now
In the presser, Powell suggests $20-$25B monthly balance sheet expansion is new baseline for ample reserves, and they’re doing $40B currently to deal with liquidity issues and to get ahead of April tax day liquidity drain.
Economy‑Market Gap Widens Amid Debasement Trade Shifts
My December macro newsletter is now available. It discusses the debasement trade, changing macro conditions, and the large dislocation between the economy and markets. https://t.co/jKRb3SH87p https://t.co/jEkATjtLhU
Avoid Being Exit Liquidity in Token Pump Scams
Don’t become exit liquidity for coordinated token pumps.