.Christie knows Trump for 20 years, and he worked closely with him leading the transition team from the Obama administration. The then travails with the Trump family during the transition are well described in the book The Fifth Risk by Michael Lewis. Quote: “Christie viewed Jared as one of those people who thinks that, because… Read More »
Wise words from Nassim Taleb on the risks our economies are facing. A whole generation of investors doesn’t understand the implications of inflation and interest rates, after 15 years of near zero rates. Venture Capital got used to value businesses in light of the next funding round, not future cash flows from the business. This… Read More »
A great article from the FT offers a good explanation on what happened between Pregozhin and the Kremlin in the last few days. In essence “Wagner became a kind of Frankenstein’s monster that eventually turned on its creator”. “Covert warfare, corruption and poor governance stoked the greatest threat to Russian president’s rule”. https://on.ft.com/43WnhHY Excerpts: “Although… Read More »
A great documentary from the Wall Street Journal on Russia’s Wagner Group. It exposes how the Wagner and Prigozhin created a web of front companies to exploit natural resources through extorsion and war across several continents. How they have served Putin in Eastern Ukraine since 2014 to undermine any chance for peace. WSJ interviews current… Read More »
I felt honoured to know Jakub Parusinski.We studied at the same MBA school, INSEAD, and worked at the same company, McKinsey. Quite some years apart but still the same path. Jakib then moved to a nobler cause, I have to say. He is one of the founders of The Kyev Independent, an English-language Ukrainian online… Read More »
There are no solutions, just tradeoffs.A great insight from Thomas Sowell here developed brilliantly by Konstantin Kisin in conversation with John Anderson. It is important to repeat this again and again in an age of magical thinking and populism that tend to attract people by offering “easy” solutions for problems that are too complex.There are… Read More »