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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

African Oil And Crypto; Ben Rhodes’ Book

June 4, 2021

RECAF: The second well confirms the results of the first.  The stock opened at $9.24 before settling back to close at $7.78.  Still a triple for us.  If you’re now playing with house money, hang on for $30?  Or $100?



Pete, re yesterday’s post (Bitcoin and Ethereum Are Dead):  “What about the fact Bitcoin has been the best performing asset class every year since I think 2013? It’s helping pay for the new house I’m building. Yes I sold almost all of it, almost hit the most recent top too. But I still have some Cardano. Which is helping address fiat currency dysfunction and corruption in inflation ravaged Africa. So there is actual utility.”

→ I’m not saying you shouldn’t have bought crypto in 2013 . . . just that whoever you sold “almost all” yours to wasn’t as smart to buy it as you were it sell it.  (And hurray for Cardano if it is helping Africans.)



Repeating from yesterday . . .

Take a minute to hear how Hungary went from being a democracy to an autocracy in a single decade.

Chillingly relevant.

(Read Ben Rhodes’ book?)

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David Sarnoff's associates on his advocacy of radio in the 1920s

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