It's not quite that. The purpose of KYC is to maintain persistent surveillance beyond anything remotely permitted by the 4th amendment, but to outsource it by regulation to private financial institutions so that we can all pretend it's not the government doing it

Tell me you've never been a market maker or a quant without telling me you've never been a market maker or a quant.

I'll be on John Mauldin's SIC conference at 1:45p ET with a fun talk!

'AI is a Monster and the Market is a Bonfire'

Behavioral simulation is at the core of the next generation of investment strategies. This is happening.

This is a thoughtful deep dive into the current state of housing.

Tomas makes some great points here. I will add one more which I think is critical. To borrow a phrase from Ben Hunt, housing has become a common knowledge game when it comes to financialization.

'the 4…

Running a business and raising kids is mind numbingly stressful. There are never enough hours in the day and everything feels overwhelming. But seeing our girls have fun and love each other unconditionally makes it all seem worth it. I try to remember that.

If nothing else, Vivek has learned from the boss that you really can just kinda say anything and there is zero risk that someone in the audience will say, 'Wait, what?'

Fallout vibes.

Spent weekend visiting brother-in-law and his family at the US Army War College in Carlisle, PA. What a phenomenal place and spirit!

I always feel so much more hopeful for our country and our future after I spend time with the actual human beings of the US military.

Oh FFS, in no way is “Sulzberger’s Times” (and wtf is that construction anyway) “promulgating” equivalencies when it’s critical of this Administration. If you turn yourself into an organ of the State, then you’re done. Doesn’t matter the reason. You’re done.

The words you choose when creating and selling a narrative matters. Ben Hunt 😉

Very excited that Ben Hunt will join Matt Zeigler and I this Tuesday at 3 PM ET to talk inflation and help us raise money for Susan G. Komen at the same time.

Get notified when we go live or make a donation here:
youtube.com/watch?v=d6LB0A…

SpotGamma

Aloha No, he is explicitly and literally saying that ‘balance’ is the problem, that the reporting should be *unbalanced* to reinforce the electoral chances of this administration in the next election. Because democracy.

In which the Levin Professor of History at Yale argues that the fundamental purpose of national news media is to “frame” the accomplishments of the Executive in as positive a light as possible. For “democracy”, y’know.

Cedarstrip Capital Ben Hunt I appreciate a good frame. And - I think the rest of the conversation adds more global nuance than you're picking up on. Paul Millerd gets more to the core elements here, yes all stories are local, but they're still all stories: x.com/CultishCreativ…

Ohhhh Bennnnnnnn….

Ben Hunt