Most moats are overrated, and the most durable moats are found in industries where chance of technological disruption is minimal (rails, airports), regulatory hurdles are insurmountable (tobacco), & growth is so low it doesn't attract competition (old industrials)
@HayekAndKeynes You can clothe the naked, feed the poor, and heal the sick without getting the government involved. Coerced charity isn't charity anyway
🚨Hearing from multiple sources in China that Alice Huang was NOT a Chinese spy, just a mistress. Someone who slept her way to the top.
If that turns out that’s the case, then much of the current narrative is false
The Jensen Huang jokes are all funny but mask a v serious reality:
China has been stealing from the US and Australia with impunity for 15 years. Losses from reverse mergers are in billions, losses from stolen IP are in the trillions
The PRC is not your friend, keep your fucking eyes open
Amazing detective work.
Biggest red flag is a company named Megaspeed. Unless it's a company name like Associated Iron or National Semiconductor it's almost certainly a honeypot.
Those who mock gold as a pet rock with no intrinsic value largely fail to see that it is a basically a currency with no counterparty risk, no maturity, and uncapped upside. What it is worth intrinsically nobody can say, but nobody can deny that it *should* always be worth something, which is more than you can say for a lot of financial instruments.
We want to congratulate Daniel Williams on a 251” buck of a lifetime!!
“God is so good, he blessed me yesterday morning at 7:30 on my wife and I’s own piece of dirt! The Williams buck! I don’t know how to put this into words..What just happened! Praise the Lord!