Web 3.0 A crisis? At no point in the last 60 years have bonds yielded such a negative real return. Perhaps more critical now is the fact that government borrowing has never been at such consistently high levels. So while bonds are an awful investment, never have there been more of them on sale. It’s

Time for a new boyfriend? A quarter to forget for bonds The purchasing power of money invested in bonds is now collapsing at quite a rate. $100 invested in Treasury Bonds in July 2020 is now worth $81.90, concluding with the worst quarter for bonds since, well, forever. I don’t want to say we told

April Fool Exxon Mobil We mentioned last week the likelihood of energy producers and bitcoin miners merging over the coming years. As if by magic, Exxon Mobil (the world’s largest energy producer) revealed they are now using flared gas to mine bitcoin. As it turns out, the project has been running in secret for over

Zeitgeist Risk The investment game can be very accurately characterised by simply saying, “I buy or sell assets where the risk is not priced correctly.” Specifically, for our asset class there are a number of aspects that are not understood by the market that mean risk is hugely mispriced. For example, while the market knows

Who wins? Sexy eyes Retinal fundus, I discovered, is the interior lining of the eyeball. Anyway, the artificial intelligence used in this research predicted the sex of the owner of the eyeball with 87% accuracy. The most surprising thing is the researchers do not know how the machine is doing it. The rate of change