Favourite things this week
Hi fellow nifty,
Another instalment of this week’s favourite media from the prior week.
Enjoy!
Favourite Note
I have been thinking a lot about this the past month. I have some real estate that does not produce any yield, but has risen in value.
Do you cash in and put it into a low cost yield bearing asset or keep it locked up and wait for more capital gains.
Favourite Tweet
The trick is to to learn just enough to be dangerous, and then play at being dangerous.
Favourite Podcast
Peter McCormack’s new podcast ‘Mr Obnoxious’ is less about Bitcoin and more about free speech and free people.
This episode is a review of the first budget put forth by the new Labour government in the UK.
The worst case scenario was of a full-on communist budget taking the wealth from the most productive sectors and handing them out to those supposedly more deserving, with no thought to the consequences.
Instead, they played the game like pros and continued the familiar story of doing just enough to keep everyone equally (un)happy and perpetuating the slow boiling of the proverbial frog.
Favourite Video
I feel like AI is this rain cloud that you can see in the distance, slowly drifting ever nearer, and will soon cover every horizon.
Then the rain starts to fall where you stand, and you realise that you don’t have any cover or an umbrella.
Nothing, nothing, nothing. Then all of a sudden, everything.
We have to adapt, or become Luddites.
Easy to say, hard to do.
And what about the kids?
Don’t they deserve for their brains to develop offline first like I did.
Or is it too late for them?
Favourite Article
Botswana's ruling party concedes defeat after 58 years in power
In the days after Trump’s re-election, it is interesting to learn about another election at the other end of the geopolitical spectrum.
When Botswana became independent of British rule in 1966, the first prime minister ruled until his death in 1980. But the Botswana Democratic Party kept on ruling until this year. 58 years is not that much less than the 80 years the British ruled.
It all comes down to changes the global economy.
Botswana is the world’s second largest producer of diamonds, and all the biggest diamonds of the past 10 years have been found there.
But there has been a downturn in global demand for diamonds which has severely affected the Botswana economy.
Arguably, the BDP became too reliant on a single sector of the economy.
The people were unhappy, which led to the opposing Umbrella for Democratic Change Party claiming a shock victory.
Substack Recommendation
They say that every fundamental analyst should learn technical analysis, and every technical analyst should learn fundamental analysis.
Neil is doing his part.
I need to learn both!
