The Labor Constraint
A few years ago I managed an NGO that served 20,000 subsistence farmers in Mali. I was surprised when I first arrived to find many of our farmers planting less than half their land. They might have 10 hectares but…
Are You an Accountable Capitalist?
You may get this question in some future due diligence session from an investor, an investment banker working on your IPO or a potential acquirer. If the Accountable Capitalism Act proposed by Senator Warren becomes law, it will become a…
Between the Bubble and the Bitcoin Bitters
I recently read this item in the Wall Street Journal, “Nvidia misjudged how quickly prices for the graphics cards that those chips go into would normalize now that crypto currency mining isn’t as hot.” That seemed odd. For related posts…
Reverse Culture Shock and the Bitcoin Bitters
I was having a beer and watching the Giants’ game at McCarthy’s bar thinking how much I appreciate these small pleasures after being away in Africa for four years. Brandon Crawford walked up to the batter’s box and I was…
How Much Can Change in Two Years?
When I was a young man I read Richard Henry Dana’s Two Years Before the Mast. Two years seemed like enough time to change everything. It has been two years since my last commentary. But it seems like nothing has…