It’s way worse than you think and way way worse than you want it to be.
It’s way worse than you think and way way worse than you want it to be.
“History Doesn’t Repeat Itself, but It Often Rhymes” (Twain). Wednesday, November 6th, and it feels a bit more repeat than rhyme. Eight years ago I posted Plan 11. It seems apt to reprise that post. 2016 Every event in Seattle this week seems to start with a lamentation of last week’s election results. Three days after posting about #lemonade and I’m getting more funny...
The amazing Berkshire Hathaway set two new huge milestones this week: (i) The stock price of the BRKA shares are now more than $700,000 each, up from $7.50 when Warren Buffett bought his first share in December 1962. And with that (ii) the market cap of the company now exceeds $1 trillion. Quite amazing unto itself, but even more amazing when you look at the other trillion dollar companies of the...
GDP is not the best of measures but it is what we use to meaure economies. Globally, (in 2023) that totals more than $100 trillion. My post-pandemic work is primarily focused on the bottom left slice of this big pie, in Africa. That continent’s GDP is more than $3 trillion, and even 1 trillion dollars is a lot of dollars, but in comparison to the rest of the world, is tiny. Smaller still as...
Who invented double entry accounting? The ubiquitous system of general ledgers, income statements, balance sheets, and cashflow statements found throughout businesses and quite a lot of households? This is yet-another of those concept so taken for granted that they seem to have been around “forever”, but thanks to Double Entry: How the Merchants of Venice Created Modern Finance by...
Despite the fact that stock markets have been operating for over 400 years, how exactly they work at the level of individual participate and individual role is rarely documented. Here in the 21st Century most of the accounts are how to make money as an investor, two or three steps away from the actual transactions taking place within the exchange. Which is why it was so fascinating to find and...