$100k is hard The sustainable break beyond $100k was always going to take time. It’s such an important psychological level that once it does fall, it should be far easier to progress. That we are feeling disappointed in the mid-90s (or perhaps bored) is rather encouraging when you look at overall performance versus other asset

One coin to rule them all Not an optimal week then. In fact Monday was the largest leverage wipeout yet beating FTX and Covid. $2 billion of positions were liquidated in 24 hours. However, As the market scales this will necessarily be true and we will always be setting liquidation records. Even so, it was

London The driving force here is the fear that Trump will place tariffs on gold transfers back to the US. It seems unlikely but why run the risk? After all, gold in a vault is gold in a vault. As a result, the stuff is being shipped by boatload to New York. “People can’t get

Something different A short break last week in which I came across this podcast which is both interesting and long. The whole premise is around the idea that school is a nonsense waste of time (90% of it). It necessarily caters to the lowest common denominator because it has no other choice. I must say

Gud There are going to be times this year when things get choppy. That’s just the nature of the sector, so before we get fully started in 2025, we should remind ourselves of a key component of our investment thesis. “We know the supply curve” Considering the core asset of this sector, there just are

Homework A short one this week with some reading material for when you inevitably get bored over the break. Firstly, for those of you who have not already, you must take time to read these. Situational Awareness Wait buy Why: Part 1 Wait but Why: Part 2 Shelling Out: The Origins of Money Finally, a

Google Quantum Views were mixed on the Google Quantum announcement this week. The good part is that their new Willow chip performed a calculation that would take a classical computer until the end of the universe to attempt. The bad part is that the calculation itself is not a practical one. It was specifically chosen

$100k I hope so, because after 7 years running this fund I feel like I’m 80. Netherlands When does a country become a prison? It’s not unusual to be taxed on capital gains on leaving (like the US or Australia). Arguably you made the gains in the country and they are ‘entitled’ to their share.

Through gritted teeth Tudor Investment Corp (because of the track record of Paul Tudor Jones) is a closely followed hedge fund. During the quarter they increased their bitcoin holdings to $159.9 million of iShares Bitcoin (4,428,230 shares). That’s a 400% increase in shares from Tudor’s previous filing as of June 30. It makes Bitcoin the

Like TV I have never seen the economic mission so simply explained. Nothing has changed since our last update on this chart though. Wherever the government involves itself, prices are dramatically higher. Whatever is tech-heavy has seen prices collapse. Once again. Prices should always fall. When people question the rise in bitcoin’s price, this particular