Yes, China grew FAST despite adversity! And everyone’s talking about it.
Silicon Valley De-Platforming: Freedom & Censorship
The general principle is that companies are free to do whatever they want to pursue their business, so long as it does not violate other laws. If you are a baker, you don’t have to sell a wedding cake to someone you dislike. However, your decision cannot violate other people’s fundamental rights. If you decide not to sell to people who because they are black or Jewish, then your decision is discriminatory and therefor illegal.
A very interesting topic. We need better legislature with respect to these public kinds of all-encompassing public goods, even if private.
Who thought we needed a pandemic to get to 120...
RenTech's $10B Medallion fund is bullet proof but not scalable.
BUSINESS NOW ONLY INSTITUTION SEEN AS BOTH COMPETENT AND ETHICAL
Correlated Beliefs, Returns, and Stock Market Volatility
The correlation of beliefs implied by analyst forecasts leads to return correlations broadly in line with the data, both in levels and across countries - the correlation between predicted and actual is 0.63. From a 2015 paper.
The State of the Platform Revolution 2021
Value migration transforms industry economics - from your old habits to your new habits. Who controls what? Movie distributinos, food delivery, grocery shopping all have new owners.
Rewriting the incumbent playbook - The story of Reliance Jio,
Using Platforms to Gain Geopolitical Leverage - As platforms continue to grow, control over the trade in goods and services is shifting from countries to digital platforms. And as trade, labor, and money grow increasingly digitized and are exchanged on platforms, countries need to rethink their positions in the global flow of these goods.
I love the above. The world is shifting from country dominated supplies and resources to enterprise dominated ones. China is doing their part to keep their relevance during these shifts by following these steps:
(1) aggressively exporting its digital infrastructure,
(2) playing a critical role in the development of technical standards, and
(3) developing unique points of control in the digital economy.
Thank you, Alibaba.
BigTech platforms set up market bottlenecks and industry infrastructure in an increasing number of new industries. With Apple and Google are entering this area…
Startups rarely capture value while unbundling, BigTech platforms concentrate value through rebundling. Fintechs began by “unbundling” financial services. They identified one traditional banking function, and executed it with finesse. However, unbundling creates a fragmented customer journey and increases search costs for consumers. The next decade will be dominated by financial services players that can successfully “rebundle” services to cater to the evolving financial needs of its customers.
The pandemic provides centrestage for BigTechs to play BigGovt.
Regulation accelerates towards the end of 2020
The rise of platform cartels - Data usage and ecosystem governance.
The platform economy becomes the poster child for pandemic-driven inequality.
Pretty thought provoking ideas, specially the cycling of debundling and rebundling. It’s as if we go through cycles of trust and concern, where we trust a company enough to give them every single bit of our data, as they promise greater ease of use and personalized experiences, until we realize that someone else is doing one particular bit a lot better than Big Brother, and we try to branch out. We then miss this personalization and go back to feeding Big Brother.
China tightens rare-earth regulations, policing entire supply chain
Time to buy MP ladies and gents!
Why a dawn of technological optimism is breaking
There is a realistic possibility of a new era of innovation that could lift living standards, especially if governments help new technologies to flourish.
New technologies such as mRNA, AI, and EVs
investments in tech
Rapid adoption of new tech - digital payments, telemedicine and industrial automation.
This will have to be driven by government help.
Can we invest in companies that engage in governmnet driven projects?
The failure of India's farm reforms is a parable of mismanagement
India is having trouble with food policies as they were established to avert famine in the 1950s and they have yet to change. Why? A. Inertia - Things take a long time so they just don’t happen. However, the BJP, Modi’s Bharatiya Janata Party, is taking a harsh stance and enacting laws without asking the primary stakeholders - causing uproars and protests. Some lawmakers even suspended some laws indefinitely, causing a standstill in the government. The article doesn’t talk about what exactly these reforms are about, but in general they address piled up foods and environmental costs.
Interestingly, India is trying to adopt a grip akin to China’s but it’s not happening in one fell swoop, causing many state legislators to rise up against the BJP.
Mariana Mazzucato wants to revive the Apollo spirit
Where governments pay for public programs and things get achieved at lightning speeds.
It’s Time to Prepare For Markets & the Economy to Get Weird
Scenario #1. Monetary policy continues to dominate.
Scenario #2. Fiscal policy dominates.
Most likely:
Higher GDP growth
Higher inflation
Higher interest rates
7 Mistakes Every Investor Makes
Avoid too much detail in forecasting but rather try to get the direction right
Avoid being too short term oriented
Avoid becoming too stubborn
Avoid the wrong lessons of history/experience
Don’t miss out on the other side of a story
Mistakes in selecting the wrong fund managers
Not understanding structural market changes
The “this time is different” crowd always believes that you can make perfect predictions form the past, but Klement clearly shows that “the only constant is change”.