I love your comment at the end. It’s almost like saying, oh they have this great manufacturer of weapons that will annihilate my children - I think it’s a great bet to put my money in 🤪
This defeatism drives me crazy, seriously. So, China did what it did in 30 years from literally ground zero (zero knowledge, zero money, zero resources) only with pragmatic leadership, hard work and of course, taking advantage of the naivity and greed of the Western elites but the West can’t do anything now apart from pitting itself and be subservient although it has access to a lot more resources than China did 30 years ago. What’s going on here?
And by 'we' I meant individuals. I always feel like I have no way to change the government policies and the only thing I have control over is how to play it/invest in it.
What you have control over is the future of your daughter. You mentioned before that she studies in Imperial college which means she will be an elite engineer. Please don’t let her waste her talents in Finance after graduating. The West needs more talented engineers, there is oversupply of financiers 😀.
Wow. Boom!!! That is great advice. Yes, everyone at Imperial wants to be a finance bro. She kind of gave up on the finance track because the competition is so intense. She's been interning in a cancer lab. Nobody is interested in that.
Yeah, the incentives are totally inappropriate for the current realities. In China btw, they capped the bonuses of the finance bros because don’t want too much brain drain into Finance. Sometimes, I wish Western politicians were as pragmatic as their Chinese counterparts 😀
Yes. We can totally do it technically. I worry we will get caught up in environmental rules. But the US is in motion. So that is good. We will get there.
Yes, I am optimistic (I mean realistic - I know these are not insurmountable challenges). Once you see what has been achieved in the North Sea oil and gas, you’d know not many engineering problems are insurmountable. Now, if Western societies want to commit economic and political suicide for environmental or ideological reasons then hey, there is no hope but I don’t think we are there.
Let's be optimistic. The flywheel might start spinning faster than we think. People are waking up. It started with the US, but even in Davos you could see the message was coming across. People are waking up to the geopolitical risks and economic importance of these supply chains.
Fully agree, once started the flywheel will spin fast. European leadership is still hopeless but I like the US lead and Trump (like him or not) will brute force the Europeans to follow 😀
Btw, I worked 10 years in oil and gas. I know it’s a different industry but many things apply in terms of process engineering. Western cos were/are doing very well there and the engineering challenges are immense. Why are we trying to persuade ourselves that we can’t ever do rear earth processing, hence everything is lost politically, militarily and economically. All is required is some leadership to focus on the right things.
what are some ways you think we can play this theme? if the Chinese are creating a suppressed market that rules out miners as they're selling into an artificial market?
This ETF traded in the Tokyo stock exchange could be a good way to invest in the theme outlined by Craig: https://globalxetfs.co.jp/en/funds/2646/index.html
Great find! And it's really working.
I love your comment at the end. It’s almost like saying, oh they have this great manufacturer of weapons that will annihilate my children - I think it’s a great bet to put my money in 🤪
I know... but I feel like it's the only thing we can do.
This defeatism drives me crazy, seriously. So, China did what it did in 30 years from literally ground zero (zero knowledge, zero money, zero resources) only with pragmatic leadership, hard work and of course, taking advantage of the naivity and greed of the Western elites but the West can’t do anything now apart from pitting itself and be subservient although it has access to a lot more resources than China did 30 years ago. What’s going on here?
And by 'we' I meant individuals. I always feel like I have no way to change the government policies and the only thing I have control over is how to play it/invest in it.
What you have control over is the future of your daughter. You mentioned before that she studies in Imperial college which means she will be an elite engineer. Please don’t let her waste her talents in Finance after graduating. The West needs more talented engineers, there is oversupply of financiers 😀.
Wow. Boom!!! That is great advice. Yes, everyone at Imperial wants to be a finance bro. She kind of gave up on the finance track because the competition is so intense. She's been interning in a cancer lab. Nobody is interested in that.
And well done to the daughter for interning in a cancer lab 👍
Yeah, the incentives are totally inappropriate for the current realities. In China btw, they capped the bonuses of the finance bros because don’t want too much brain drain into Finance. Sometimes, I wish Western politicians were as pragmatic as their Chinese counterparts 😀
Yes. We can totally do it technically. I worry we will get caught up in environmental rules. But the US is in motion. So that is good. We will get there.
Thanks God, US has more pragmatic leadership now indeed.
Yes, I am optimistic (I mean realistic - I know these are not insurmountable challenges). Once you see what has been achieved in the North Sea oil and gas, you’d know not many engineering problems are insurmountable. Now, if Western societies want to commit economic and political suicide for environmental or ideological reasons then hey, there is no hope but I don’t think we are there.
Let's be optimistic. The flywheel might start spinning faster than we think. People are waking up. It started with the US, but even in Davos you could see the message was coming across. People are waking up to the geopolitical risks and economic importance of these supply chains.
Fully agree, once started the flywheel will spin fast. European leadership is still hopeless but I like the US lead and Trump (like him or not) will brute force the Europeans to follow 😀
Btw, I worked 10 years in oil and gas. I know it’s a different industry but many things apply in terms of process engineering. Western cos were/are doing very well there and the engineering challenges are immense. Why are we trying to persuade ourselves that we can’t ever do rear earth processing, hence everything is lost politically, militarily and economically. All is required is some leadership to focus on the right things.
what are some ways you think we can play this theme? if the Chinese are creating a suppressed market that rules out miners as they're selling into an artificial market?
Glencore?