The Death Cross: Diversity, Corporate Governance and AI.
A random walk in the past – Diversity, death by 1,000 cuts – Corporate governance, just keep borrowing - AI, Actual Implementation - Elon Musk, a misunderstood guy. Summary: Diversity,…
Low interest rates are cancerous.
Low rates have created huge structural imbalances. Economics without accounting is voodoo – Life in a frog pond - Low rates and disappearing equity – The cancer in the system…
Is “Professional Money Management” dead?
Summary: We believe professional money management is going to die a slow ugly death. This will cause extreme stress on the banking system and Wall Street. But this doesn’t have…
People have forgotten space-time.
It's time to rediscover it. Summary: The purpose in this letter is not to lecture on the church, but to show how thinking has changed in the last 2 millennia. It’s…
Important disclaimer
What are daily insights in the system? Daily insights are not predictions. This is because systems (economic, political, social, scientific) are largely not predictable. Why are they important? “Things don’t…
How big can you make your business?
What does it mean when we ask, “How big can you make your business?” Can you achieve economies of scale?” In other words Can you produce enough output to make…
Why misers are often successful business owners.
We have worked with a lot of successful business owners that were misers. One might think one has to be a miser to be successful in business. In this article, we will…
Accounting: Yesterdays weather report.
Although we are no longer in the public accounting business, we were for 20 years. We see it today as an antiquated business that in many cases does more harm…
Systems thinking: The Legacy of Steve Belichick.
“Do not permit your interest to be aroused to the point that you become a spectator. This will hinder, and often prevent you from obtaining essential information.”