It’s All About Attitude
All six books now have updated covers. Great work by Billy Wright. Hopefully, potential readers will find them refreshing and interesting. Ads are now running on Amazon, Facebook, and Google. The narrator for the Audible version of Reflection Attitude got a cold and this has delayed things a bit. I hope to get the sound track for review this weekend. Please take a look at the new site if you have not already. Feedback and suggestions are welcome.
Ukraine
Some more words from the Great Communicator. He gives a video update to the country every night. Here is one of his profound statements from this week:
“We always want to warmly welcome our friends and partners in Ukraine. But, the World Bank delegation arrived in Kyiv on the day when Russia launched another massive missile attack on Ukrainian territory. We appreciate you staying here. This is an important signal for us.
During the meeting with World Bank Vice President for Europe and Central Asia Anna Bjerde we discussed the preparation of projects related to the restoration of Ukrainian transport, energy infrastructure and the sphere of health care.
I thank the World Bank and its management for their support and quick response to the needs of Ukraine since the first days of the full-scale war.”
Crypto
The gloom and doom from startup FTX continues. Multiple federal investigations will unravel what happened but it will take time. There are no excuses for how FTX was mismanaged but a faster pace at developing appropriate regulation would have helped. Slow to regulate is often because those to be regulated resist. That is not the case here. Crypto company executives have been begging for clarity and regulation. Bitcoin continues to be stable. Bitcoin owners would prefer that it stabilized at a higher level. Bitcoin volatility is actually no more extreme than that of stocks, especially techs. Volatility will likely continue until regulation is in place. Everybody wants regulation but Congress cannot get its act together. Coinbase is being impacted by the FTX debacle but I remain bullish on the potential of the company. It is operating in a transparent manner and is run by grownups.
Wall Street
The market doesn’t seem to know what to do. Rate fears still everywhere. GAMMAT stocks up to $7.6 trillion. Tesla still under pressure even after delivering its first electric semi. I think that is huge news but seems other investors did not. Tech layoffs are huge. They are all admitting they grew too fast and ramped headcount and big salaries way too fast. Many tech stocks are down more than Bitcoin and also more volatile.
