Thank you for the new (and existing) follows 🫡 Sharing a bit about me. Background - No formal background in finance. Worked in tech startups (2015-2021). Quit during the 2021 crypto bull market to focus more on private investing. - Was in crypto 2019-2025. Did OK and learnt a lot on how finance works in the DeFi world. xitter.cf/MacroJason/status/2019… - Early 30s. Lived across 3 parts of the world. A multilingual and multi citizenship 'globalist' who ironically distrusts globalism and buys into a good amount of associated conspiracies. What I invest in now: I'm a top down macro investor. I identify themes and countries I believe in, then select the most assymetrical investment instrument to express that view. 1. Romanian and Polish real estate: my primary position. 20%> AAR since 2018. xitter.cf/MacroJason/status/1887… 2. High yield fixed income: began investing after the Ukraine war started in 2022 and yields spiked especially in Eastern Europe. From Hungarian, Romanian and Kazakh sovereign debt to Uzbekistan corp bonds at 29% YTM flagventures.com/blog/xycf30… 3. Global equities: concentrated portfolio on energy, shipping and Kazakhstan banking. I attribute a good amount of my high returns to date to beginners luck. Will be happy if my returns averages out at ~20% AAR overtime. xitter.cf/MacroJason/status/2039… 📩 I have a private newsletter which you can subscribe to for free. I do the opposite of spamming. I'm lazy with newsletters and sent out around 4 last year. flagventures.com/

If ‘teenage labour’ was legalized and encouraged - it would replace the need for third world migrants. That’s how China (allegedly) made your iPhone without letting in third world migrants. Jobs for kids and teenagers was normal just until a few decades ago (mowing the lawn, farm work, newspaper delivery, car washing, retail and service sector etc). Next step would be to abolish subsidized university education for 80% of non STEM students and cut 50% of useless government jobs. Then your immigration problem is solved. Small problem: no one will vote for the above in a democracy.

IQ is correlated to race. Culture is correlated to both. Higher IQ doesn’t mean one group is morally superior to another. If anything, higher IQ individuals have a duty to care for the less intellectually gifted - but never in a way that destroys their own civilisation (which is what many parts of the high IQ world is doing right now).

Lula's Brazil is ranked similarly to Milei's Argentina in rule of law and corruption perception, though both are superior to Paraguay and El Salvador. Brazil's credit rating is also superior to Argentina's and El Salvador's. This is reflected in the EMBI spread (extra interest a country pays to borrow vs the US government). So whilst LatAm passport bros prefer 'libertarian' Argentina, Paraguay to El Salvador to 'communist' Brazil - global pension funds, insurers, sovereign wealth funds and asset managers (managing trillions of dollars) see things differently. Let's see how this plays out in Lula's 4th term.

Doing some TA on $EWZ $EWZS $BLTN $XP $USDBRL

Chinese passport bro in Kenya in 2011

If Brazil is Venezuela - is Argentina Africa? Argentina shares the same credit rating as Cameroon, Egypt, Ghana and Sri Lanka.

Spent some time on Brazilian twitter. A big difference I noticed: many Brazilians are not afraid to post their opinions (politics or otherwise) with their real name and photo. Much more real identity account vs rest of world. I respect that - regardless of what their views are. It's not a Global South thing either - as Turks and Indians for example like to use anon accounts.