03 May 2020

Welcome back to the Week That Was series where I highlight a few things from the interwebs which I thought were interesting, noteworthy and probably worth your time.

Articles๐Ÿ“, Tweet(s)๐Ÿ“ฑ, Videos๐ŸŽฅ, Charts ๐Ÿ“ˆ all fair game with or without attendant commentary.  


๐ŸŸ๏ธ๐Ÿ›ซโ•โ” Potential Changes

 


๐Ÿง๐Ÿ’ฐ Visualising Wealth

Once the numbers get past a certain point, all true sense of perspective starts breaking down.

This is an interesting visual tool to help one appreciate the true scale of the enormous fortunes ascribed to the mega-rich.

Worth following the link: Wealth Shown To Scale

 


๐Ÿคช๐Ÿ“ˆ๐Ÿคก๐Ÿ“‰ “mArkETs”

Each week brings a fresh batch of loopy market stories it seems.

Graphics like the one below, continue to proliferate - betraying the bemusement currently being experienced by market participants as they see a QE & hopium-infused market drift further away from any visible tethering to reality.

Even legendary investors like Warren Buffet seem bemused; so much so Berkshire Hathaway is now sitting on an incredible $137 Billion in cash, as they wait to see if/when they’ll deploy capital into the current tumult.

Earnings

 

Of course it’s hard to be shocked now when you’ve got a market which recently saw Zoom Technologies (the other Zoom) stocks skyrocketing and eventually having trading halted by the exchange, because people were piling into the wrong stock; thinking they were buying the video-conferencing unicorn.

Zoom

 

My favourite markets moment has to be Elon Musk’s latest run-in with Tesla stockholders; namely him suggesting the stock is overpriced, during a eyebrow-raising tweetstorm.

Musk

As you might imagine it had quite an effect on the stock price, wiping about $13Bn off Tesla’s market cap - a fact which will again pique the interest of an SEC which put Musk on a social media good behaviour probation of sorts a year ago.

Tesla

When asked by the Wall Street Journal if he was joking (or hacked) - his was a simple answer: “No”.

I guess that means if you’re long cash, his house very well may just be for sale

Musk House

 


๐ŸŒฒ๐Ÿ•ธ๏ธ๐ŸŒฒ Cosy Webs & Dark Forests

Not only is there a Balkanisation of the internet happening at state level (e.g. Russian internet, Chinese internet, Iranian internet etc) but increasingly our own usage of the internet is striated and happens at different levels.

Venkatesh Rao articulated the observation some time ago in his excellent piece, The Extended Internet Universe which references the equally insightful one by Kickstarter co-founder Yancey Strickler, where he refers to The Dark Forest.

This graphic by Maggie Appleton is a beautiful synthesis of the ideas explored in both.

Dark Forest

She sketched it in about an hour while listening to Strickler further outline his Dark Forest thesis on this podcast.

An excerpt from Venkat’s piece:

“Unlike the main public internet, which runs on the (human) protocol of โ€œusersโ€ clicking on links on public pages/apps maintained by โ€œpublishersโ€, the cozyweb works on the (human) protocol of everybody cutting-and-pasting bits of text, images, URLs, and screenshots across live streams. Much of this content is poorly addressable, poorly searchable, and very vulnerable to bitrot. It lives in a high-gatekeeping slum-like space comprising slacks, messaging apps, private groups, storage services like dropbox, and of course, email”

 


๐Ÿ’ฌ๐Ÿ“š๐Ÿ“– Portals

“You will become your best self when you begin having conversations with the dead”

I’m unsure of the attribution - it’s a quote I heard in a recent podcast.

Point being, the wisdom of the ages awaits, in our books & recorded history; one need only seek it out in order to interact with mankind’s greatest minds and stand on the shoulders of giants.

 


๐Ÿฆ ๐Ÿงผ๐Ÿ–๐Ÿ’ฆโš• Greenzone

As most of us enter the Dance part of the Hammer & Dance outlined in this article, CGP Grey drops some quirkily animated tips for keeping one’s head in the game as the social distancing, lockdown & WFH dance plays out over coming months.

Some welcome perspective of course, from NYT.

Perspective

These two threads offer similarly themed observations and advice

 

 

 

Important to keep in mind though are the various markers to look out for in one’s own region and it’s response to the pandemic to get a sense of how the near future is likely to proceed.

This video from the Vihart team is a very well-sourced look at what reopening strategies look like and the reasoning behind various interventions.

 

As the US and China ratchet up tensions, it’s fascinating to see how their information war is starting to take shape. This clip from Xinhua News is emblematic of the messaging Xi’s administration is now pushing more aggresively to counter what they perceive as politicisation of the crisis.

 


๐ŸŒŒ๐Ÿ•ณ Interstellar Observation

“This is the first accurate image of the appearance of a black hole, made in 1978 using punch cards on an IBM 7040. Notice how closely resembles the model used for the movie ‘Interstellar’ and how it’s not that different from the real one captured in M87” (Nature)

Blackhole

Credit: Massimo

 


๐Ÿ”ข๐Ÿค“ Number Magic

It really do be like that

Numbers

Credit @XKCD

 


๐Ÿ˜๐Ÿ“น Oh…and one more thing

We featured Vice co-founder Suroosh’s recent Iranian sojourn here not too long ago.

Here his co-founding partner in crime Shane, takes time with Edward Snowden to unpack state responses to the covid19 crisis and things to watch for as rights & liberties are negotiated & compromised for health & safety.

 


Thanks for reading. Tune in next week. Stay indoors. Keep in touch with your loved ones