Matt Donazzan
@Donazzan
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Partner at Straight Bat Private Equity. Tesla co-owner. Lifetime student of economics.
Melbourne, Victoria
Joined April 2009
You don't truly understand the concept of entropy until you have children.
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Nothing restores your hope for the future like this website.
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An incredible A/B test has been conducted over the last 20 years. Take note - you can't legislate to prosperity, but you can legislate it away.
I'm German. 16 years ago, the EU and US economies were neck and neck. Today, the US economy is 50% larger than the entire EU combined. Here's the devastating truth behind Europe's ongoing economic suicide 🧵:
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This is such a good point.
At the height of the British Empire, the British government employed just 40,000 civil servants … globally! Without computers, software, phones, email, GPS or modern banking, these 40,000 people ran the largest global empire in history. Today the UK government has over
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Great red tape removal!
The fact that there's red tape stopping people from standing up and enjoying a drink outside a pub is nuts. So we're fixing it.
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This is something my wife and I observed recently after having our first child - it certainly is time consuming and challenging, but it's WAY more managable than the narrative perpetuated in society. I'm retrospect if I had known it was like this I would have started sooner!
It’s really sad how many people without kids I meet who have heard that having a baby is absolutely gruelling, endless, exhausting work. Sure, it’s a challenge and a change of pace, but it’s nowhere near as bad as is often suggested. We’ve got to stop being so down on parenthood!
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I find it fascinating that there are so many people that HATE app ordering at restaurants. What's not to like? It is clearly a process flow optimiser: • Eliminates physical menus • Integrates payment and ordering process which removes a whole step from the restaurant process
Can we get rid of ordering food at a restaurant table via an app please?? It completely kills conversation It’s frustrating Why aren’t waiters taking orders? We are not in a pandemic anymore Ridiculous cost saving
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Nail this to the door of Parliament House.
Australia is a sad, pathetic country. There are no companies, just real estate agents and public servants. Where is the innovation, creativity, entrepreneurship? It’s been crushed by taxation and regulation. Everyone is too afraid to do anything because they don’t even
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Helpful reminder when people start worrying about the moves on the front in ukraine.
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There is tonnes of this sort of chartlighting about property prices. I think out of context they are misleading, given the range of confounding variables. As example "house" prices (as opposed to home prices) - it's well evidenced that as population centres expand land for
You think housing prices will keep going up because you've seen it all your life. But this is a historic anomaly that is likely to reverse soon: Prices might start shrinking in many places. This thread is the case against investing in housing:
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Why do Aussies seem to be spending like mad despite all those rate rises? Here are the stats: - 35% of households have a mortgage (1/3 own WO mortgage, <1/3 rent). - 70% of mortgages are variable. - 70% x 35% = 24.5% get hit by a rise Three quarters of Aussies don't feel it!
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It is interesting to note the rise of the 'sauna is good for you' narrative coinciding with the 'global warming induced extreme heat wave risk is bad for you' narrative. I provide this observation for the benefit of stand-up comedians looking for new material. The bit writes
Sauna Thread Sweating in the sauna decreases all cause mortality by 40%, detoxification, relief muscle soreness, improved brain health, get a clearer skin and deeper sleep.
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Interesting take from Bloomberg that in the US the relationship between interest rates and the economy may have inverted - i.e., raising rates actually stimulates the economy. I see some logic in the unique economic enviroment of the US: - huge goverment deficit means rate rises
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I would argue most western democracies are somewhere in the complacency (Australia?), apathy (United States?) or dependence (some European states?) stages. Can we break the cycle? Or are we fated for bondage?
The stages are as follows: “From bondage to spiritual faith; spiritual faith to great courage; courage to liberty; liberty to abundance; abundance to selfishness; selfishness to complacency; complacency to apathy; apathy to dependence; dependence back into bondage”
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Hard to envisage IDF holding back from a path of escalation. Things could get quite serious from here.
Surreal footage of the Iranian attack over Jerusalem's Temple Mount/Haram al-Sharif
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