peter71.bsky.social
@peter71.bsky.social
Crony Capitalism.

Soeharto's Indonesia.
January 17, 2025 at 11:18 AM
The market's performance isn't so flash under the hood with the median S&P500 company up just 7.4%.

The Nasdaq100 was even worse. The median company on the Nasdaq100 only rallied 0.6%, with 43/100 companies trading lower. The median Nasdaq100 company significantly under-performed T-Bills.
January 1, 2025 at 10:54 AM
Technology is rendering natural diamonds a relic.

Lab grown diamonds are essentially indistinguishable from natural, but their lower price allows buyers to purchase larger, better quality stones, at a fraction of the price.

Meanwhile gold retains it's value as no one has achieved alchemy.
December 25, 2024 at 6:11 AM