Basil Zaharoff (Arms Dealers 1): EI Weekend 3210
Devoted to a man I discovered via Tintin who at one time dominated the armament trade with deadly effect wherever he sold…
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Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 2012, Investors Exchange (IEX) was founded.
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MACRO THOUGHTS
Historical Firearms — Vickers
Historical Firearms
Forgotten Weapons: The Vickers Gun Is One Of The Best Firearms Ever Made
Popular Mechanics
There are perhaps 2 captivating weapons (after a fashion) from the 20th century. The Vickers Machine gun is one. I’ll get to the other in the next few weeks — nominations for other key weapons are welcome! The Vickers machine gun revolutionised the firefight in many ways hence its macro ‘accolade’ in this section.
IPO-VID LIVESTREAM: NEXT TUESDAY
“A New World Order”
By: Patrick L Young
March 4th, 2025
1700 UK, 1800 CET, 1200 EST
By popular DM demand, IPO-VID presents an extended PLY pith session! Patrick L Young delivers a studio version of the remarks he made in his February 14th Keynote to the 27th AFM conference in Nairobi Kenya.
Tune in on:
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IN BIGWORLD
From Exchange Invest 3203: February 21st:
While a flight around Chicago including the showing of a film on board as early as 1921 during a trade show — a Chicago promo was played as folks flew around the windy city, the first in-flight Hollywood movie on a scheduled service was on Imperial Airways 100 years ago showing “the Lost World” a blockbuster adaptation of Sir Arthur Conan Doyle’s 1912 book.
Here’s a photo of the film being loaded on April 6th 1925.
EXCHANGE INVEST WEEKLY PODCAST
Another Sell Side Data Spat,
Loeffler Confirmed at SBA,
as It’s Howard’s Way at the Department of Trade and in BGC,
And is the great CSD game is finally on.
The Exchange Invest Weekly Podcast 284
BITCARNAGE
Wot No Lambos?
On the first day of Christmas… begins a song about a list of gifts. These were forfeits but they make for a list well beyond those of the festive verse. As FTX Announces Next Repayment Round For May 30 (Cointelegraph) a list of SBF forfeits (Private Jets, Political Cash Among $1B In Sam Bankman-Fried’s Forfeited Assets: Court -Coindesk) lists 2 private jets (clearly the key marker for an egalitarian socialist like SBF) a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy. Alongside vast swathes of other stuff, there were payments refunded AKA 250 donations to the US Congress and — perhaps shockingly as this is crypto we are talking about, NOT A SINGLE LAMBO!
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
We mentioned Sir Basil Zaharoff previously Sat 29 October 2022 EI 2493:
PLY: Reading the book review above which has a kind of shock and awe that suddenly some merchants might be involved in shady deals (as opposed to those fabulously above board politicians, especially those held in high regard by the Morning Star like Vladimir Ilyich Ulyanov or that Georgian geezer Ioseb Besarionis dze Jughashvili.
Anyway, famously lampooned by Hergé in TinTin & The Broken Ear as Basil Bazaroff, Sir Basil Zaharoff is a fascinating character from history about whom I would love to learn more… The story goes that when he began burning his papers (such a shame…the secrets would have been fascinating) as he felt death approaching, his butler was concerned Zaharoff would be scorched by the intense flames as he set about removing some clearly controversial legacy archives…
This weekend let’s look at some more tales of the remarkable “Sir” Basil:
The Mysterious Mr. Zedzed: The Wickedest Man In The World
Smithsonian
A Scandal Of International Proportions Comes Out Of The Vaults
The Times of Israel
Basil Zaharoff: Man Of Mystery
New Dawn
Dodgy Dealings With The ‘Merchant Of Death’
The National Archives blog
The Mysterious Mister ZedZed
Tales of History and Imagination
Books worth reading:
Finance Book Of The Week
“Left Behind: A New Economics for Neglected Places,” is the latest captivating tale by our most recent IPO-VID guest, Sir Paul Collier, a wondrous insight into how to help coalesce lagging regions catch up…
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
IPO-VID LIVESTREAM: NOW ONLINE!
“Left Behind & The Future of Capitalism”
Guest: Sir Paul Collier
February 25th, 2025
1700 UK, 1800 CET, 1200 EST
Sir Paul Collier is a pre-eminent global development economist who is Professor of Economics and Public Policy at the Blavatnik School of Government, Oxford University. This promises to be another fascinating discussion as we roam around the world looking for development optimism and also where there needs to be more action in all forms of economic environment.
Watch the stream on:
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LAST WORD
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