Even as a participant in the derivatives market, I found new derivatives wrinkles pretty boring, however lucrative they might be. Equally in software, the latest “social media” app, however irresistible to billions of dozy consumers, leaves me cold. Fortunately, help is at hand. With international tensions ever-increasing, research money is pouring again into the military-industrial […]

Communication and mutual understanding with both allies and opponents are key to a successful foreign policy. The skillful alliance formation and peacemaking of Klemens, Prince von Metternich and Robert, Viscount Castlereagh after the Napoleonic Wars led to a century of peace and rapidly increasing prosperity; the lack of it in 1914 and the late 1930s […]

Apple (Nasdaq:AAPL) is bringing out yet another virtual reality headset, the “Vision Pro” to appear early next year, priced at $3,400. This follows the total failure of Meta’s (Nasdaq:META) Metaverse and similar virtual and augmented reality products launched by Alphabet (Nasdaq:GOOG), Microsoft (Nasdaq:MSFT) and others – I bought my son a $30 virtual reality headset […]

The past two decades have been wonderful for the luxury goods business as demonstrated by the position at the top of the world’s billionaire Rich List of Bernard Arnault, chairman of LVMH Moët Hennessey Louis Vuitton. Cheap money has boosted asset prices ad infinitum and the top 1-2% of the world’s population with significant inflated-value […]