Exchange Invest Weekend Edition 2523: Taki Special Edition

Patrick L Young
7 min readDec 2, 2022

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From Syria’s narco state to Good Ol’ Charlie Brown. The Welsh founder of Donetsk. Celebrating 8 billion earthlings & more…

On this day in 1990, the Shanghai Stock Exchange was established.

Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.

Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.

This weekly edition is a magazine of broader macro topics as well as including our free weekly podcast which reviews the highlights of the week in the world’s market structure.

Parish Notes

26 days since we started our #Bitcarnage story noting “FTX may be holed below the waterline.” — a remarkable tale of hype, hubris and indeed reality biting the #cryptoverse… #ExchangeInvest is proud of our team that have been ahead of this story for 3 consistent weeks.

Exchange Invest is the Exchange of Information… and BTW it’s the last chance to sign up at $299 for a subscription for the year — rates are increasing on January 1st…

In BigWorld

Earth Can Regulate Its Own Temperature Over Millennia, New Study Finds

Science Daily

PLY: H/t Ann Berg, read this before Greta bans it — all in all a good piece of news for reality but we ought to play nice with our planet anyway…

IPO-VID LIVESTREAM

NEXT WEEK TUESDAY

Season 15: Episode 03: IPO-VID Livestream 087

December 6th: 1800 UK, 1900 CET, 1300 EST

We’re reviewing the year in IPO-VID Looking at where we are and where the Capital Market Revolution goes next — join Us Live Tuesday for part one…

Tune in on:

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NOW ONLINE!

Season 15: Episode 02: IPO-VID Livestream 086

November 29th: 1800 UK, 1900 CET, 1300 EST

“Balaji Prabhakar: Accelerating The Cloud”

Balaji Prabhakar is CEO & Co-Founder of Clockwork Systems, building time-sensitive software solutions for the cloud computing infrastructure and distributed systems.

Balaji is also VMWare Founders Professor of Computer Science at Stanford University.

Previously, Balaji was Co-Founder & Chief Scientist of Urban Engines — acquired by Google in 2016 — which developed a new type of database, mapping objects in motion.

Watch the stream on:

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IPO-VID LIVESTREAM PODCAST

In IPO-VID Episode 077: Patrick Young was joined by ICE Financial Derivatives Vice President, Caterina Caramaschi.

Listen to an amazing discussion about “Coming of Age with ICE”

Available in different podcast sources:

Anchor

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EI WEEKLY PODCAST

Swap Connect Delay

Tadawul Buys Vendor

Bye Bye Blockfi

And as crypto contagion deepens it appears

SBF has only $100,000 in the bank

and CBOE to finally reveals digital exchange stakeholders

The Exchange Invest Weekly Podcast 172

Victory Or Death

20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance.

Available worldwide.

Podcasts This Week

China’s Protests Remind Us That Our Rivals Have Problems, Too

John Hulsman

Macro Thoughts

Earth Can Regulate Its Own Temperature Over Millennia, New Study Finds

Science Daily

PLY: H/t Ann Berg, read this before Greta bans it — all in all a good piece of news for reality but we ought to play nice with our planet anyway…

Breaking the Bank in Monte Carlo

Part 1: EI 2451 22nd September 2022

Part 2: EI 2487 22nd October 2022

Part 3: EI 2493 29th November 2022

Part 4: EI 2499 5th November 2022

Part 5: EI 2505 12th November 2022

Part 6: EI 2511 19th November 2022

Part 7: EI 2517 26th November 2022

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!

PLY: When pondering this week’s edition rather than a preponderance of great thinking from a cornucopia of sources, I chose just one correspondent. Perhaps it was an after-effect of dealing with the knobbly knee perma-shorted SBF but I was reading the High Life Column which Taki has contributed since 1977 (despite an issue with a cocaine possession imprisonment in Pentonville during 1984). He is old school, holds some quite extreme opinions of various nations that are not Greek and — health warnings over — I present a few highly readable columns and note the words of Boris Johnson in his Valedictory article departing the Spectator as Editor: Advice To My Successor.

“And then the phone goes again, and this time I would wager it is Taki, calling from Gstaad, full of good cheer and anxious to find out whether or not you are going to sack him. At this stage in your editorship the sacking or keeping of Taki is likely to be turned into a culture war of Dreyfus-like proportions.

The Guardian and other papers will start a horrible drumming roar for his dismissal. It is time, they say, that The Spectator showed it has moved on. Soon the whole of civilised London has joined in. Sack Taki! Sack Taki! Faced with that overwhelming consensus, you have only one choice, though it is of course entirely up to you to decide what that is.”

“If the Clintons were not so down-market, they would have fit perfectly into 15th century Florence, the city that gave us Botticelli, Cellini, the Medici, and of course Machiavelli.”

The Golden Age Of Motor Sport

The Spectator

“There are heroes and then there are unsung ones, and I basically prefer the latter as I have known a few of them in my lifetime. The funny thing is that I grew up learning only about famous heroes, the Ancient Greek type, starting with the semi-God Achilles. Homer didn’t deal with unsung heroes; everyone was larger than life, and there were only winners and losers. The person I’ll tell you about this week would not have been a Homeric hero, but he certainly was one while participating in the most dangerous game in the world.

Lance Macklin was an Old Etonian, a second world war navy vet, and a dashing racing driver at a time when a shunt meant instant immolation and certain death.”

  • Taki

The Last Playboy Of The Riviera — Taki Theodoracopulos

Gentlemen’s Journal

“The old Riviera lifestyle might still exist elsewhere. Maybe in Harbour Island in the Bahamas where Arki Busson goes. It’s a tiny place with a few houses and some eclectic people. Or some place in the Greek islands where I go to meet my friends. But there’s nothing like the Riviera, that old magical land. It no longer exists. Onassis died, and his houses were bought by Russians who will shoot at you if you come within 200 yards of their property.”

PLY: Interesting mention of Porfirio Rubirosa…

The Last Playboy: Taki Remembers The Golden New Year’s Eves Of Old

Gentleman’s Journal

“Of all the eves I’ve spent, talking to Alan Jay Lerner was the most instructive and stopped me from the Karamazovian hangovers that usually followed. In the old continent, New Year’s Eve was not the big shebang that it was in America.”

How Monte Carlo Went To Hell

The Spectator

Meet The Most Influential Brain In China

The Spectator

PLY: The variation from Taki is quite remarkable, hence a special this week an All Taki extravaganza…

The Roots Of America’s Unhappiness

The Spectator

It’s Back To The 1970s

The Spectator

New York’s New Normal

The Spectator

How To Run A Nightclub

The Spectator

Last Word

…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 30 day trial.

Or Subscribe to our Weekend Edition — it’s free.

You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.

Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate Comparison, which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero too, even negative, levels.

At the least can you like this article, or leave us a comment, we welcome your feedback.

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Catch up on Monday for Exchange Invest 2524.

The future continues in the water cooler of the bourse business, Monday…

- Patrick

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Patrick L Young

Entrepreneur, Investor, Author. #Exchanges #Fintech #Startups #Motorsport Emerging Markets. CoFounder @Exchange_Invest @HanzaTrade @MissionToRun @YMarkets