052608 investing at the peak
TRANSCRIPT
Investing at the Peak of US Civilization
US Civilization Just Peaked
Consequences are so great, it is difficult to believe (and see)
There are obviously many factors at work, but
The biggest of factor of them all is.......
THE INTERNET
Wouldn’t it be ironic if our greatest gift to the planet was also......the lynchpin of our demise?
THE INTERNET enables Arbitrage
IDEAS
CURRENCY
INTELLECTUAL PROPERTY
CAPITAL INVESTMENT
BUSINES MODELS
ARBITRAGE ALWAYS HAS ONE OUTCOME
DIFFERENCES NARROW
THE DIFFERENCE THAT IS BEING NARROWED
OUR STANDARD OF LIVING DIFFERENTIAL
LAST MOVER ADVANTAGE
INVESTING AT THE PEAK OF U S CIVILIZATION
CHALLENGING AT BEST
UNIT OF TIME HAS CHANGED
MARKET BECOMING MORE EFFICIENT EVERY 15 MINUTES
ADD GLOBAL DELEVERAGING TO EQUATION
HAVE A VERY FINE FILTER
REAL ESTATE CAN’T RECOVER UNTIL MORTGAGE MARKET DOES
HEDGE FUNDS ARE TO EXPENSIVE GIVEN OPPORTUNITIES
PREPARE FOR INFLATION
GENERAL CONSENSUS ALMOST ALWAYS WRONG
THERE ARE 9 PLANETS
APPENDIX HAS NO FUNCTION
GLOBAL WARMING
BRADLEY ROTTER SPECULATOR
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