Where Money, Investing, and Technology Meet
Key Takeaways CalPERS’ investment in MSTR dropped from $144M to $80M due to price declines. Strategy’s stock slump is linked to Bitcoin’s volatility and broader market conditions. Share this article California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US by assets, has seen a drawdown in its first exposure to […]
Yves here. Even though anyone who took a basic economics class learned that monopolists and oligopolists set prices higher than sellers do in competitive market, pols, pundits, and the press are bizarrely loath to point that out in real world situations. They seem to have been brainwashed that larger = more efficient, and that those […]
Strategy Inc. (formerly MicroStrategy) spent 2025 building the largest corporate Bitcoin reserve the public markets have ever financed, but the scale of that ambition ended up colliding with the logic of its own stock. What began as an aggressive accumulation strategy, powered by the company’s appetite for leverage and a willingness to dilute existing shareholders, […]
Everyone is trying to put the massive AI spend by technology companies into context. The easiest historical analogies are the telecomm buildout in the 1990s dot-com bubble and the railway bubbles of the 1800s. Each period was defined by excessive infrastructure spending, investor euphoria, and bubbles that popped but still had lasting positive effects. I’m […]
New contributor Longshore Drift is back to explain how having a Flexible ISA in his armoury enabled his family to secure their dream home. After years of vaguely searching, my wife and I suddenly found the house we wanted. A big garden to swap for our terrace with its five metre square yard in London. […]
Yves here. I don’t pretend to have answers to the problem of aged affordable apartments becoming financial sinkholes by (among other reasons) encountering pro-tenant policies that make it take a long time to evict non-payers and re-rent vacant spaces. But keep in mind that THE CITY is very much oriented towards the issues of ordinary […]
Key Takeaways Mike Alfred increased his stake in Strive Asset Management by purchasing another 100,000 shares. Strive Asset Management, led by Vivek Ramaswamy, recently agreed to acquire Semler Scientific. Share this article Hedge fund manager Mike Alfred said Wednesday he had added 100,000 shares of Strive Asset Management (ASST) at $1.05 and $1.06, bringing his […]
Conor here: Noting the authors’ backgrounds, their argument is unsurprising. But seeing that so much of what is sold as tech breakthroughs and AI innovation is really just theft on an unprecedented scale, demands for endless resources for the benefit a few, shredding the social contract, environmental destruction, new and improved surveillance, and tools that […]
I don’t make a lot of predictions but here are two I have about the next 10 years or so: (1) Wealth inequality is going to get worse. (2) There is going to be a huge generational divide that opens up because of this. Baby boomers are the biggest, wealthiest generation we’ve ever seen. If […]
Yves here. The article below explains how both advanced and emerging economies can remedy their seemingly intractible problem of high public debt levels and low growth: by properly focusing spending on productivity/output increasing areas, such as infrastructure and health, and increasing efficiency of govenment operations. Note that this analysis immplicity assumes that the countries in […]
