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Guerrilla Capitalism is…
The old guard is trying to move us all toward a centrally planned “Goldilocks” economy but the outcome is ever increasing pressure on those outside the “inner circles” and a tightening vice around small to medium businesses.
We use disruptive technologies to defend our markets, grow our businesses and acquire competitive advantages in several green fields.
In this age of consolidation and “Walled Gardens” we are not out to be ingested into the nearest Borg-like Behemoth that is trying to eat the world. That is not “a successful exit” to us.
We’re out to cultivate unassailable footholds in our own niches and to create viable lifestyle businesses within our communities.
We think in generational increments and build our businesses in ways which can withstand, perhaps even benefit from systemic shocks which would topple a dinosaur.
If we were to choose a word to describe it we would pick “Anti-Fragile”, from the Nassim Taleb book describing the phenomenon of things that acquire strength through volatility.
The Disturbing Rise of Modern Monetary Theory (MMT)
(Read on Medium) Lately, we've suddenly been hearing a lot about Modern Monetary Theory ("MMT") in the mainstream media. It could be that with the election of Alexandra Ocasio-Cortez to congress, MMT's star will rise with hers as she is reportedly an adherent and possibly views MMT as a means to fund her Green New Deal. As we see below, MMT has been around for some t [...]
Shut Up and Play Yer Cards
A few months ago I had formed a useful metaphor about the underlying mechanisms at play when those concerned with social justice want to improve things for the greater good. This is nothing new, Bill Bonner & Lila Rajiva wrote an entire book on this called Mobs, Markets & Messiah's wherein they examined the trail of wreckage left behind by what they called "world im [...]
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 seen the odd bear market. Contras [...]
The Other Two Kinds Of Debt
(Read on Medium) "Any corporation, private or governmental, that wishes to provide for a sound and equitable continuity of its business must take steps towards the systematic retirement of debt immediately after it has been incurred. Postponement of all payment for property or privileges by those who presently enjoy their benefits is calculated to bring uncomfortable c [...]