Michael Rosmer(@MichaelRosmer) 's Twitter Profileg
Michael Rosmer

@MichaelRosmer

Commenting on great books, investing, technology, business, and systems of how the world works Co-founder @defi

ID:292738022

linkhttp://www.offshorecitizen.net calendar_today04-05-2011 04:21:14

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Mark Cuban(@mcuban) 's Twitter Profile Photo

This is how Gary Gensler and the SEC are trying to destroy the crypto industry.

They make it impossible to comply with registration rules

Since the SEC decided to litigate to regulate rather than make any effort to increase compliance, if I get an investment opportunity…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

We're getting closer to the rise of deurbanization

Unaffordable housing in urban centers, virtually free housing in the rural areas of countries like Japan & Italy where demographics have turned

Netflix, starlink, Amazon, 3D printing, etc all make living outside of cities more…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

Anecdotally I don't notice that people in Bulgaria are more motivated than those in Scandinavia

In general I don't notice tax rates have a lot to do with motivation

What they have a lot to do with is desire of successful people to emigrate or immigrate

Tax competition is a big…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

US Federal government spending has grown by about 3x in the last 20 years but how much better is the life of the average person over that time?

statista.com/statistics/222….

How much of those improvements come from industry vs government?

Maybe more government spending isn't the…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

The standard for governments to approve things should be much higher, probably similar to adopting constitutional amendments.

Consider in a best case scenario (the real scenario is typically worse because of how representative government works) if a law passes by a 51% majority…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

The increasingly irrelevant EU says trade talks are stalling with the increasingly relevant GCC

Let's consider for a moment why that might be?

First, the EU routinely places GCC countries on their black and grey lists for banking...not exactly friendly behavior

In this new…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

Alibaba is currently priced approx 10% cheaper than it was 10 years ago when they went public but it's definitely a more successful business than it was back then.

EPS are meaningfully higher & rising
Revenue is approx 10x greater
Gross profit approx 5x higher
Assets have grown…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

Robert | Commission-Only Sales Partner Mostly that's not how the state social security pensions work (varies by country). It isn't a savings or investment account, that's more what happens at large companies etc.

State pensions Ie something like Canadian CPP is based on the idea that current working people contribute…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

I've mentioned a few times in videos that a couple years ago someone told me something that rocked me

They said 'you're probably only going to see your dad 20 more times'

I was like 'wtf are you talking about?'

They said,'well think about it. He's 70, on average people die…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

Lately I've had a great sense of a looming conflict. A particular ideology pushing too hard to the point where soon it has to reach a head where those who disagree can no longer tolerate it or find middle ground and then there's got to be a conflict to resolve it. Not a good…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

One of the biggest unspoken cognitive biases is our tendency to over appreciate niceness

Don't get me wrong of course it feels much better to be around people who are pleasant, kind, etc.

But you'll hear things like 'he's a nice guy' when the person is immoral, ineffectual,…

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

For decentralization to succeed will require great courage by a great many people, it's a virtue worth inspiring

And the chief skill will be coordination

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

Anyone know why the Finvolution valuation is so low? It seems incredibly cheap for a profitable billion dollar company with pretty solid growth prospects

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Michael Rosmer(@MichaelRosmer) 's Twitter Profile Photo

I actually think this unfavorability might be around the peak level

Signs Chinese stocks might be becoming attractive again

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