Mark Carnegie 🛡️

🟣 For wholesalers looking to buy or sell crypto, trade with MHC today ( 🟣

[Paul Rees. ex Rucksack. @HannahIamthest1]

Quotes From British Military Annual Personnel Reports.

1. His men would follow him anywhere, but only out of curiosity.

2. I would not breed from this Officer.

3. This man is depriving a village somewhere of its idiot.

4. This officer can be likened to a small puppy - he runs around excitedly, leaving little messes for other people to clean up.

5. This Officer is really not so much of a has-been, more of a definitely won't-be.

6. When she opens her mouth, it seems only to change whichever foot was previously in there.

7. Couldn't organise 50% leave in a 2 man submarine.

8. He has carried out each and every one of his duties to his entire satisfaction.

9. He would be out of his depth in a car park puddle.

10. Technically sound, but socially impossible.

11. The occasional flashes of adequacy are marred by an attitude of apathy and indifference.

12. When he joined my ship, this Officer was something of a granny; since then he has aged considerably.

13. This Medical Officer has used my ship to carry his genitals from port to port, and my officers to carry him from bar to bar.

14. This Officer reminds me very much of a gyroscope, always spinning around at a frantic pace, but not really going anywhere.

15. Since my last report he has reached rock bottom, and has started to dig.

16. She sets low personal standards and then consistently fails to achieve them.

17. He has the wisdom of youth, and the energy of old age.

18. This Officer should go far, and the sooner he starts, the better.

19. In my opinion this pilot should not be authorised to fly below 250 feet.

20. The only ship I would recommend for this man is citizenship.

21. Couldn't organise a woodpecker's picnic in Sherwood Forest.

22. Works well when under constant supervision and cornered like a rat in a trap.

23. Not the sharpest knife in the drawer.

24. Gates are down, the lights are flashing, but the train isn't coming.

25. Has two brains; one is lost and the other is out looking for it.

26. If he were any more stupid, he'd have to be watered twice a week.

27. Got into the gene pool while the lifeguard wasn't watching.

28. If you stand close enough to him, you can hear the ocean.

29. It's hard to believe that he beat 1,000,000 other sperm.

30. A room temperature IQ.

31. Got a full 6-pack, but lacks the plastic thingy to hold it all together.

32. A gross ignoramus, 143 times worse than an ordinary ignoramus.

33. He has a photographic memory but has the lens cover glued on.

34. He has been working with glue too long.

35. When his IQ reaches 50, he should sell.

36. This man hasn't got enough grey matter to sole the flip-flop of a one legged budgie.

37. If two people are talking, and one looks bored, he's the other one.

38. One-celled organisms would out score him in an IQ test.

39. He donated his body to science before he was done using it.

40. Fell out of the stupid tree and hit every branch on the way down.

41. He's so dense, light bends around him.

42. If brains were taxed, he'd get a rebate.

43. Some drink from the fountain of knowledge; he only gargled.

44. Takes him 1.1/2 hours to watch 60 minutes.

45. Wheel is turning, but the hamster is long gone.

😁😁

[Movez @0xMovez]

Anthropic AI engineer just dropped a live masterclass on how to ship a team of production‑ready AI agents.

37 minutes. Free. From the Anthropic team.

here’s what she covers:

• 3 building blocks: brain, hands, sessions
• server-side loop, so nothing breaks on refresh
• agent teams shipping to production 10–15x faster
• why agents die before production

brain (persona) + hands (environment) + sessions = a production agent out of the box.

most people are still babysitting fragile agent scripts, while the people who figured this out ship agents that just stay running.

Watch this workshop, then read the full guide below.

[Radha Tripathi @Radha_AI]

INSTEAD OF WATCHING AN HOUR OF NETFLIX TONIGHT.

This 60-minute Cambridge lecture by Demis Hassabis will teach you more about the future of AI than most people will learn in the next 5 years.

Bookmark it and give it an hour, no matter what.

[Mark Carnegie 🛡️ @iammarkcarnegie]

Beautiful, even if a fairy story

[Tokyo Deep Value @TokyoDeepValue]

I flew to Osaka with a 14-page activist letter, a translated copy of my proposed slate of independent directors, a slide deck on capital allocation reform, and what I believed, at the time, was a clear and reasonable demand: that the company, which was sitting on cash equal to 180% of its market cap, return a portion of it to shareholders through a special dividend. I had been working on this campaign for nine months. I had hired a Tokyo-based proxy advisor. I had built a 6% position through patient accumulation. I had, by every framework I understood, done the work.

The chairman, who was 81 years old, received me in a tatami room above the company's headquarters, which sat over a soba restaurant that had been in the same family for four generations. He was wearing a navy suit. He bowed at an angle I could not, with my Western training, accurately reciprocate. He gestured for me to sit on a cushion. I sat. A woman of approximately his own age entered, silently, and placed a small ceramic cup in front of me. The cup contained tea. The tea was lukewarm. I did not yet know that the lukewarm tea was the entire negotiation.

I began with the deck. I had prepared it carefully. I had translated the headers into Japanese. I walked him through the capital structure, the unproductive cash, the historical return on equity, the peer comparison, the proposed dividend. He listened. He did not interrupt. When I had finished, he said, in soft but clear English that I had not been told he spoke, "Thank you for traveling so far." Then he stood up, slowly, and gestured for me to follow him.

We walked down a set of wooden stairs that creaked in a way I cannot adequately describe, through a hallway lined with black-and-white photographs of men I did not recognize, and into a small workshop attached to the back of the building. In the center of the workshop was a lathe. It was old. It was, the chairman explained, the original lathe his grandfather had purchased in 1923 to manufacture the first product the company had ever sold, which was a specific kind of brass valve fitting used in steam locomotives. The locomotive industry had been gone for 60 years. The lathe was still running.

"My grandfather operated this machine," he said. "My father operated this machine. I operated this machine, as a child, before school. The factory you visited yesterday produces components that descend, in an unbroken line of design, from the work that began on this lathe. The cash you wish me to distribute is the result of one hundred and one years of refusing to do anything that would shorten the life of this company. I cannot distribute it. I am not, in the deepest sense, the owner of it. I am the custodian of it. The owner is not yet born."

I did not have a response. I had prepared for many possible responses from him. I had not prepared for this one. We returned to the tatami room. The tea was refreshed. It was, again, lukewarm. The chairman asked me about my family. I told him about my wife, my two children, my parents in suburban Connecticut. He listened with what appeared to be genuine interest. He asked the ages of my children. He nodded gravely when I told him. He asked whether I had ever shown my children the work I do. I had not. He asked whether I would, when I returned. I said I would consider it.

Four hours passed. I was served, at various points, three more cups of tea, a small dish of pickled vegetables I did not recognize, and a single piece of mochi that the chairman's assistant placed in front of me with both hands. Nobody mentioned the activist letter again. Nobody mentioned the dividend, the directors, the deck, the proposal, or the 6% position. We talked about the cherry blossom season, which was apparently late this year. We talked about American baseball, which the chairman had followed since 1962. We talked about a poet I had never heard of, whose work he recited a single line of in Japanese and then translated for me, slowly, into English, and which I have, in the three years since, been entirely unable to locate again.

At the end of the meeting, he stood. He bowed. He thanked me, again, for traveling so far. He said he hoped I would visit again, perhaps with my family, perhaps in the spring, when the city was at its best. He did not, at any point, acknowledge the proposal. He did not decline it. He did not engage with it. He simply, through a series of small and almost invisible movements that I am still trying to understand three years later, allowed the proposal to dissolve into the air of the room, until by the time I left the building, it had ceased to exist as a thing that had been said.

I flew home the next morning. I withdrew the campaign two weeks later, in a quiet letter to the proxy advisor that cited "ongoing discussions" and was technically not a withdrawal at all but was understood, by every party who received it, to be one. The position I sold over the following six months at a small loss. The chairman is still alive. The lathe is still running. The cash is still on the balance sheet.

I cannot, even now, explain what happened in that room. I went in as an activist, with a deck, a translator, and a six percent position, and I came out as a guest who had been thanked, very politely, for visiting a man's home, and who, somewhere in the four hours between the first cup of tea and the last, had been quietly, gently, irreversibly, and without a single raised voice or harsh word, defeated.

I think about him often. I do not think he thinks about me at all. This is, in some sense I am still working out, the entire lesson.

[Mark Carnegie 🛡️ @iammarkcarnegie]

On #RemembranceDay, social media should fall silent for one minute.

At 11am, let the feeds stop. No noise, just the Last Post.

We owe them that much.

https://t.co/2xnzvua4Gx

[Mark Carnegie 🛡️ @iammarkcarnegie]

Well done pro AUKUS team. We are done for !!

[Arnaud Bertrand @RnaudBertrand]

This is, without exaggerating, one of the most extraordinary things a US Treasury Secretary ever said.

It should be mandatory viewing for all citizens of US "allies", Europeans first and foremost.

What Bessent is saying is that the US will now treat US allies' wealth as an American "sovereign wealth fund" (his words), "directing" them, "largely at the [US] president's discretion", how to use their money in order to build American factories and reshore American industries.

Even the Fox News host can't believe it, calling it "offshore appropriation", another word for theft.

That's exactly what it is: straight up unabashed colonial plunder.

That's the pattern we see emerge: unable to extract wealth or win wars against an increasingly strong Global South, the US has turned inward to feast on its own "allies" - who can't resist precisely because they depend on their exploiter for military "protection". They're as defenseless against American wealth extraction as any 19th-century colony was against its colonial "protector."

That's exactly what I wrote in my latest article on "Europe's colonial moment": https://t.co/QwO6zB1Trz

[Mark Carnegie 🛡️ @iammarkcarnegie]

Let’s hope so in the pacific

[Mickey / Phase Transition @MickeyXaman]

There will be no rescue.

Resource-rich nations are like medieval city-states sitting on trade routes—you either pay protection money to one empire or get sacked by everyone fighting to control you.

Africa's situation is even more stark and catastrophically consequential. Take the DRC, for example, which supplies 70% of the world's cobalt but only captures 2.3% of its value [World Bank, 2020]. That's like selling an iPhone for $10 when it's worth $1,000.

The numbers are staggering - Africa loses $1 trillion every year to corruption and exploitation, which is five times the continent's healthcare spending [African Union, 2019].

With 500 million youth entering the job market by 2035 [UN Department of Economic and Social Affairs, 2020], mining creates a paltry 0.001 jobs per ton of cobalt It's like trying to fill a bathtub with a teaspoon.

So, why should you care?

If empowered, Africa's 500 million youth could become the world's largest consumer market and green tech workforce.

But if abandoned, we could have 40 million+ migrants [UNHCR, 2020], fundamentalists will recruit 100 million youth [Brookings Institution, 2019], and the world could see inflation soar as mineral supply chains implode [IMF, 2020].

My model predicts three possible outcomes for Africa by 2035:

1. Sovereignty Surge (35% probability): Africa takes control of its resources, and countries like Namibia and Botswana become hubs for tech and innovation. GDP growth soars to 7-9%, and 200 million youth are employed in tech.

2. Fragmented Stagnation (50% probability): Cities like Lagos and Nairobi build tech enclaves, but rural mines remain looted. Corruption diverts 50% of resource revenue, and climate shocks displace 20 million farmers.

3. Collapse Cascade (15% probability): Wagner Group seizes mines, debt defaults trigger austerity riots, and states fragment. 40 million refugees flood the Mediterranean, and violence surges.

So, what can flip the probabilities in Africa's favour?

1. Legislate the "Namibia Law." No mineral exported below Stage 3 processing. This potentially captures 500% more value and turns Botswana into a tech hub.

2. Trade Resource-for-Tech. Example Trade lithium for U.S. AI labs, and cobalt for German solar plants.

3. Weaponize Youth Demographics. Train 1 AI engineer per $1 million revenue, and watch GDP boost by 20% (like Ethiopia).

"There will be no rescue, no intervention for us. We can only save ourselves."

As the powerful truth from Hotel Rwanda reminds us: Africa, it's time to rise."

[Mark Carnegie 🛡️ @iammarkcarnegie]

Don’t think these will cost $6bn https://t.co/amOs0ks8aP

[Mark Carnegie 🛡️ @iammarkcarnegie]

So true

[christopher joye @cjoye]

Growth in our total factor productivity, which is a measure of technological progress, has massively lagged international rivals such as Europe and the US over the past 25 years. In fact, it has hardly improved at all over this period.

The great entrepreneurial and innovation wave of the postwar period is dead and buried, supplanted by a fat, lazy and still lucky country trading on immigration, natural resource exports, and a limitless appetite to borrow from the future to consume in the present.

It is hard to identify the next generation’s Murdoch, Pratt, or Triguboff. Australia seems destined to become something akin to Asia’s Greece. A safe, stable and friendly beach resort for the region’s well-heeled tourists.

An amusement park for the Indo-Pacific industrialists. https://t.co/Jy2Dn8WTyx

[Lewis Pugh Foundation @LewisPughFDN]

The choice couldn’t be clearer.

When we protect the ocean, we protect ourselves and our future 🌊🌎🐠

[UAP Jedi 🛸 @UAPJedi]

@BBCPolitics Ohh you have done it now @BBCNews hating on @GreggsOfficial from an elitist organisation, I don't think you know what you've done.

You've just landed the next GE to @reformparty_uk and the removal of the BBC PollTax licence fee.

[Mark Carnegie 🛡️ @iammarkcarnegie]

But we spend our budget on dinosaur subs…wtf?

[Mark Carnegie 🛡️ @iammarkcarnegie]

The revenge of the Bezzle

[Kris Sidial🇺🇸 @Ksidiii]

VC and private equity guys will go on podcasts and discuss every corner of the investing universe—except the one topic everyone actually wants answers to:

How are these zombie companies with absurd valuations not modern-day Ponzi schemes?

The whole world sees through it. Everyone knows the space is a total scam, yet we all just… accept it.

[Mark Carnegie 🛡️ @iammarkcarnegie]

This

[Phil Magness @PhilWMagness]

We tried to warn everybody. But yes, the libertarians were the constraining conscience of the fusionist alliance on the right.

Displace them, and the postliberal nutjobs, Orbanists, and worse move in.

[Mark Carnegie 🛡️ @iammarkcarnegie]

What Anzac should be doing https://t.co/KuK3j7tdXT

[Mark Carnegie 🛡️ @iammarkcarnegie]

Could Australians let that sink in! What are we doing?

[World of Statistics @stats_feed]

☢️ Uranium reserves (share of global reserves):

🇦🇺 Australia: 28%
🇰🇿 Kazakhstan: 13%
🇨🇦 Canada: 10%
🇷🇺 Russia: 8%
🇳🇦 Namibia: 8%
🇿🇦 South Africa: 5%
🇧🇷 Brazil: 5%
🇳🇪 Niger: 5%
🇨🇳 China: 4%
🇲🇳 Mongolia: 2%
🇺🇿 Uzbekistan: 2%
🇺🇦 Ukraine: 2%
🌍 Rest of the world: 9%

Note: as of 2021, figures rounded.

According to World Nuclear Association (Aug 2023).

[Jesse Singal @jessesingal]

I think we're in the grip of actual evil right now

[Mark Carnegie 🛡️ @iammarkcarnegie]

And Oz has a completely stupid argument based on legacy tech when we have some of the best resources in the free world

[Shoko Oda @shoko_oda]

⚛️An exclusive with my colleague @lizette_chapman: Peter Thiel is joining the board of @generalmatter , a startup led by Founders Fund partner Scott Nolan.

General Matter plans to produce high-assay low-enriched uranium, or HALEU.

[Mark Carnegie 🛡️ @iammarkcarnegie]

Add China Russia and nth Korea

[World of Statistics @stats_feed]

Combat tanks fleet, 2025:

🇨🇳 China: 6,800
🇷🇺 Russia: 5,750
🇺🇸 USA: 4,640
🇰🇵 North Korea: 4,344
🇮🇳 India: 4,201
🇪🇬 Egypt: 3,620
🇵🇰 Pakistan: 2,627
🇹🇷 Turkey: 2,238
🇰🇷 South Korea: 2,236
🇮🇷 Iran: 1,713
🇮🇱 Israel: 1,300
🇺🇦 Ukraine: 1,114
🇸🇦 Saudi Arabia: 840
🇵🇱 Poland: 614
🇯🇵 Japan: 521
🇪🇸 Spain: 317
🇩🇪 Germany: 296
🇧🇷 Brazil: 294
🇬🇧 UK: 227
🇫🇷 France: 215
🇮🇹 Italy: 200
🇨🇦 Canada: 74
🇦🇺 Australia: 59
🇳🇴 Norway: 44

According to Global Fire Power