Submarines : EI Weekend 3204
A brief history of the submarine & more…
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 Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 1775, 1st US joint stock company (to make cloth) offered shares at 10 cents.
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MACRO THOUGHTS
I recall an old friend who had worked at NASA in the go go days of the 1960’s remarking that it was all very well and good to get excited about space but have you ever thought how little we really know about the ocean floor?
Indeed, only something like 20% of the ocean floor has been explored…
IPO-VID LIVESTREAM: NEXT WEEK TUESDAY
“Left Behind & The Future of Capitalism”
Guest: 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:
LinkedIn | Youtube | Facebook
IN BIGWORLD
From Exchange Invest 3197: February 14th:
Youtube was originally founded today in 2005. Video upload was integrated on April 23rd 2005 with the slogan “tune in, hook up.”
The original concept of Chad Hurley, Steve Chen, and Jawed Karim was an online dating site.
This failed but the video uploading platform was exceptionally robust.
Then Janet Jackson’s clothes fell off during the half time show for the Superbowl and yet…and yet, it wasn’t on the internet (those were the days…).
Sensing an opportunity…the rest is history. Youtube was sold to Google on October 9th 2006 for $1.65 billion in stock (completing November 13).
EXCHANGE INVEST WEEKLY PODCAST
Korean Competition Rising,
TXSE DOA?
NCDEX To Stocks,
Coin Sparkles,
Seoul Searching Still,
And the Haynes Presidency.
The Exchange Invest Weekly Podcast 283
BITCARNAGE
El Salvador Diminished?
The home of many dubious crypto bros in Latin America has taken a step away from BTC being its currency even as it intends to buy more crypto : El Salvador Is Still Bitcoin Country (ZeroHedge). That’s rather a blow for the bros and remarkably one which has not been better highlighted by the crypto media… clearly the IMF has made an impact.
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!
Cornelis Drebbel Built Three Submarines In The 1620s — They All Worked
New Atlas
Cornelis Drebbel And The First Navigatable Submarine
SciHi Blog
The First Submarine: A History Of Underwater Combat
History Cooperative
The History Of Submarines: From Science To Stealth
TheCollector
Submarine Development, A Short History
NHHC
9 Groundbreaking Early Submarines
History
Voices Of The First World War: The Submarine War
IWM
Books worth reading:
Finance Book Of The Week
In “My Life as a Quant,” Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field―analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance.
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!
“Multicurrency Mercantilism”
Guest: Kathleen Tyson
February 18th, 2025
1700 UK, 1800 CET, 1200 EST
“Good infrastructure grows markets. China proves it. Singapore proves it. Dubai proves it. For 25+ years I’ve grown global capital markets with infrastructure, liquidity solutions, and effective risk management. Pacemaker.Global provides central banks and policy makers with the tools they need to manage the complex challenge of transition to a Multicurrency Mercantilism in the global economy.”
-Kathleen Tyson
Join us for IPO-VID with the remarkable Kathleen Tyson who led the operational design for CLS Bank, taking the FX market from $940 billion a day to more than $14 trillion in daily settlements… supported the modernisation of central banks to fully digital, real-time operations…and much else besides.
Watch the stream on:
LinkedIn | Youtube | Facebook
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 7-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 to, even negative, levels.
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