The Gerontocracy Strikes Back
The reason for their visceral hatred toward digital sound money is because on some level, Buffett and Munger know that one of the major tailwinds of their stellar success has been the destruction of the monetary base layer. Bitcoin threatens this because it fixes Cantillon Mercantilism.
Remembering The Privateer
The Privateer was “The Private https://bombthrower.com/wp-content/uploads/2019/03/shutterstock_1030471843-e1551983495127-1.jpget Letter for the Individual Capitalist”. I remember I started subscribing to it in 2002 or 2003, and continued with it right up until the end, when the Australian Bill Buckler decided to stop publishing it in 2013. Yet another (one of the very few remaining) voice of reason calls it […]
Patient Capital: Pot stocks are a fad
Received the latest Patient Capital letter this week. This is a boutique Toronto-based value fund run by Vito Maida. One of the few capital managers that didn’t get completely mauled in the 2008 Global Financial Crisis. In itself, that’s instructive: Maida’s investing career spans over 40 years, he started Patient Capital in 2000 so he’s […]