apply
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
18
Dec

The Bitcoin Pitch Deck

Bitcoin never had a pitch deck, the code was simply released into the wild and it went from there. As a parting gift for 2020, here is what one might look like.

11
Dec

Down

Falling Down Almost everything in the world is going up at the moment, apart from interest rates and Joe Biden’s IQ. We posted this chart earlier in the year about professional analysts expectations for rates and how they seem to be perpetually wrong. Everyone thinks they will rise and they seemingly refuse to. It seems

05
Nov

President Harris

President Harris? A few weeks back I said I marginally preferred a Biden victory from the perspective of the performance of our funds. Essentially, we are operating the funds as a hedge against the collapsing financial system and our 100% + returns in just over two years show that it is working. If our funds

15
Oct

I wish I had….

Start small This is Greg Schoen, with a genuine tweet from 2011. You can look him up on Twitter @GregSchoen. Greg’s 1,700 bitcoins are now worth US$18.5million. He is very open about it in fact. I think he got a good deal. Totally untried technology which back then absolutely nobody had heard of. He had

08
Oct

Unemployment

Whispers in the wind Late last year during an obscure policy discussion in the bowels of the USA, a Federal Reserve governor raised the prospect of an ‘inflation averaging approach’. The idea being that inflation would be allowed to overshoot 2% for a period of time to bring the longer term average back in line.

01
Oct

Paul Keating

Who will win? As far as the our funds are concerned it doesn’t really matter who wins the next US election. Biden would likely outspend Trump initially, so we marginally favour him from a performance perspective. Longer term, no difference.   Whoever wins will look to pass a large and popular stimulus bill so we

18
Sep

I’ll wear cashmere and you’ll eat cake

 Debt works You might look around and wonder. I do. Here is Australian retail store Harvey Norman with their latest offer. The offer has some interesting components: No interest for five years. Quite compelling, except that most things Harvey Norman sells will be obsolete in that time. The gift card is worth 5% if you

10
Sep

It’s a Bubble

Bitcoin price falls Cognitive dissonance Thinking one thing, behaving differently, getting stressed as a result I accept and have accepted since I first discovered it, that bitcoin could go to zero. I remind every investor of that possibility. I believe the possibility recedes with time, particularly as the code base ossifies, but it exists as

06
Aug

Death or Glory

Q2 2020 You wont forget Q2 2020 for the rest of your life. For many businesses it was hard, for some it was the end. For others, like Square in the US, it will be remembered as a break out quarter. Their bitcoin sales increased to $875m in Q2, up 185%. Bitcoin miners mined $1bn

24
Jul

You are being primed to get poorer

In December last year we pointed out an obscure speech by a Federal Reserve governor and speculated that they were testing the water on a higher inflation policy. It was the first drip feed that the US inflation target will exceed 2%. The governor in question, Lael Brainard, said the Fed might target an average