Entries by Stephen

PoW, PoS or what for the Blockchain?

“You can’t always get what you want, but if you try real hard, you can get what you need.” The Rolling Stones   The Blockchain might want to be able to function autonomously and anonymously, but it can’t always get what it wants. The distributed ledger Blockchain technology is a decentralised method for recording ownership […]

The US-China trade war ‘Punch and Judy show’ is about to end

The US- China trade war is a short-term phenomena that will correct itself despite the warnings of some.  The pessimists cite the classic Prisoner’s Dilemma model  as the reason a trade war will have long-term consequences.  This is wrong… In the Prisoners Dilemma, two felons are confined separately and interrogated.  They are offered the choice […]

Pragmatism and compromise in Brexit

“In the referendum on 23 June 2016 – the largest ever democratic exercise in the United Kingdom – the British people voted to leave the European Union… …But to do so requires pragmatism and compromise on both sides.” UK PM Theresa May in the foreword to the White Paper on the Future of the UK’s […]

Surviving the Value Quicksand

Value investing refers to buying stocks at less than their intrinsic value. Warren Buffett is considered an extremely successful value investor. While Buffett continues to perform well, many of his value investing counterparts have struggled over the last five years as technology stocks, in particular, have attracted investment capital. Value Guru David Einhorn, for instance, […]