Treasuries, Trump, AI

Step-Jumps

“In the next five years…you won’t have to use different apps for different tasks. You’ll simply tell your device, in everyday language, what you want to do. And depending on how much information you choose to share with it, the software will be able to respond personally because it will have a rich understanding of your life.”

Bill Gates, AI Is About to Completely Change How You Use Computers

“One of the interesting historical aspects of Islam that we are very much seeing the reverberations of today is that the Enlightenment generally..did not make its way into the Muslim world.”

Rabbi Michael Friedman, as interviewed on my podcast September 15, 2021. The link is here.

NONE OF THE BELOW IS INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH.

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I’m en route to Taiwan, sitting at a cafe ahead of a flight and want to share a few thoughts about bonds, a topic that is not as scintillating as war or romance, but probably has more direct impact on your life.

I own more bonds now than at any time since I started writing these posts two years ago. For much of that time, I was in fact short bonds. There are a few ways owning bonds can go very well and one big way it can go very, very wrong. Below is the picture in my mind.