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Chris Arnade 🐢 Profile picture
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29 Jun, 6 tweets, 2 min read
A No-name night
Pretender No-name? Starting to think there are two smaller turtles and this is the no-name pretender
Middle photo is pretender? Is that scar on top of head? Or muck. Different colorization as well
Are there two heirs to Reginald’s throne? Dynastic discord never ends well
Another no-name; with Reginald lurking in background uninterested in eating
Reginald playing watch-it-all

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More from @Chris_arnade

Chris Arnade 🐢 Profile picture
27 Jun
To geek out on one of my fav niche subjects: markets & prices!

I am valuation relativist, IMO Markets are about myth making & prices the reflection of the current dominant myth

Or, value of X is because more people believe whatever story has gotten X to the price it is at 1/
For Wall Street, that could be a mathematical model (hip in 90s), momentum model, cash flow model, flow model, or whatever framework currently is in vogue

That doesn’t mean value is entirely a Wild West. There are objective things you can say about different assets value 2/
Different assets have different boundary conditions that constraint prices in space & time.

Bonds eventually mature to 1 or 0, stocks are legal claim on % company, etc

At an extreme end is art, which is completely unbounded & in that sense the most pure market. 3/
Read 10 tweets
Chris Arnade 🐢 Profile picture
18 Jun
Once again, for the neolibs in the room:

Renting certainly has its place, but Home Ownership means gentrification plays out very differently in poor neighborhoods, giving residents an equity stake when it happens & allowing them to stay rather than be ejected
And the author might address this. But I won’t pay for a Bloomberg subscription and all my free articles are up. Sad!
Economist, who view people as numbers in a spreadsheet to move around, are not surprisingly, advocating that people should move around a lot. You know, to maximize efficiency!
Read 4 tweets
Chris Arnade 🐢 Profile picture
12 Jun
Oh no. Mudcat was an amazing man. And I had the great honor to know him well.

Really really sad.
He was a family friend, who worked with my father on local civil rights issues in the 60s/70s

He grew up in the Mosstown part of Lacoochee FL, called that because it the residents were so poor they used moss for bedding. All blacks who had survived & fled the Rosewood massacre
He had an amazing life. Satchel Page roommate, TV announcer, Blues Band (said he made more money from that than baseball), and writer.

(Pic on left is him with a sister, right is his families Sat night BBQ I tried to go to if I could)
Read 16 tweets
Chris Arnade 🐢 Profile picture
26 May
Mini book reviews of recent stuff I read

- Guns of August by Barbara Tuchman (9/10)

loved it as teen, glad to see young me was right.

Arrogant & petulant monarchs, bureaucratic certainty, ideological rigidity. What could possible go wrong? Just millions dead. That’s all
- Caesar by Adrian Goldsworthy (6/10) & Pax Romana by same (4/10) & Dynasty by Tom Holland (3/10) & Augustus by Anthony Everitt (7/10)

Went down fall of republic wormhole. All were ok, but couldn’t deal with Holland’s overworked & silly prose. Simple reality was dramatic enough
The Vanquished by Robert Gerwarth (9/10)

Absolutely, stunning history book. Depressing, gripping, & humbling. You think things are bad now? Those “various little wars” that followed WWI & set up WW2 we forget? killed millions

Reads like gripping fiction, & that is sad as fuck
Read 7 tweets

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