"Europe has become a museum". I have been thinking this a bit about London, but with two caveats:
1: London always changes (not always for the better). So maybe it's just having a little pause.
2: Once you get older, you don't have the opportunities to see all the different things that you did before, so maybe there is a load of new stuff going on, and I'm just not seeing it?
But certainly, those comparisons of the US vs European indices from 2000 to 2025 are jaw-dropping i.e. how US went to mostly tech & new stuff, while Europe is still the same banks, industrials etc. (+ ASML and Adyen as token successes!)
Yeah, and the thing with the delta between the two is that it's on an exponential trend, so the diff becomes larger and larger over time... Not a good situation for Europe to be in, at least on that front
The frame about 'good bubbles vs bad bubbles' is crucial. The best bubbles are those that create durable infrastructure - they fund innovation that persists even after euphoria fades. This applies across domains: internet infrastructure, AI computing, and hard tech. The key insight is that societal progress often requires overshooting before markets find equilibrium. Excellent synthesis of complex topics as always, Liberty.
Awesome stuff. Europe has become a museum with good public transport and even more polarized electorates than exist in North America. But hey, if Bill Gates has seen the light in accordance with the great Sowell quote you open with, perhaps there is a chance for a rejuvenation. However, events suggest things will continue to get worse there before they get better.
On a different note, as a guy who considers himself in the median of attractiveness, I guess I should consider myself lucky that I bagged a top 20% woman before the internet took off…I wonder if she feels the same way though? 😬
"Europe has become a museum". I have been thinking this a bit about London, but with two caveats:
1: London always changes (not always for the better). So maybe it's just having a little pause.
2: Once you get older, you don't have the opportunities to see all the different things that you did before, so maybe there is a load of new stuff going on, and I'm just not seeing it?
But certainly, those comparisons of the US vs European indices from 2000 to 2025 are jaw-dropping i.e. how US went to mostly tech & new stuff, while Europe is still the same banks, industrials etc. (+ ASML and Adyen as token successes!)
Yeah, and the thing with the delta between the two is that it's on an exponential trend, so the diff becomes larger and larger over time... Not a good situation for Europe to be in, at least on that front
The frame about 'good bubbles vs bad bubbles' is crucial. The best bubbles are those that create durable infrastructure - they fund innovation that persists even after euphoria fades. This applies across domains: internet infrastructure, AI computing, and hard tech. The key insight is that societal progress often requires overshooting before markets find equilibrium. Excellent synthesis of complex topics as always, Liberty.
Wow! Amazing stats for a long term married man like me to read!
“Men swipe right on 60% of women, women swipe right on 4.5% of men.”
I feel like the statistic also applies to most of us men when we’re out in public checking out the bodies of the women who walk by. 😂
Evolutionary biology/psychology runs the show ¯\_(ツ)_/¯
Awesome stuff. Europe has become a museum with good public transport and even more polarized electorates than exist in North America. But hey, if Bill Gates has seen the light in accordance with the great Sowell quote you open with, perhaps there is a chance for a rejuvenation. However, events suggest things will continue to get worse there before they get better.
On a different note, as a guy who considers himself in the median of attractiveness, I guess I should consider myself lucky that I bagged a top 20% woman before the internet took off…I wonder if she feels the same way though? 😬
Ha!