Okay some of these stories I read this week rather than today but if you missed them they are definitely worth a read!
Is it any surprise that nobody really read the Brexit deal when it got rushed through. The Fisheries Minister was reportedly busy with a nativity trail. Fishing is a microcosm of quite a few supply chains but has been the most vocal flashpoint.
Saudi Arabia’s latest white elephant/ megaproject is a 170km straight line city that will eliminate car usage and commuting. I don’t know a lot about urban planning.. but I am pretty sure a straight line is not the most efficient way to map out a city for ease of travel.
The Tesla multimillionaire who refused to cash his lottery ticket.
Bitcoin, magic internet money.
Billions of dollars of cryptocurrency are locked up in old hard drives and forgotten passwords. ($) This is exactly why nobody should be their own bank. We all need a support person to speak to who can unlock our account for us when we inevitably forget.
SPAC mania is entirely rational when you look at it from the eyes of who is backing these deals coming to market ($). Incentives drive behaviour.
The most concentrated market in 40 years.
The search for non-beta yield continues. Song rights have been a hot one and now Shakira has sold up to Hipgnosis, and Ryan Tedder to KKR. Though my old shop Stifel has some concerns about the way these are being marked ($).
Quant fund or heavy metal band? This is surprisingly difficult.