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“Mastering others is strength,” wrote Lao Tzu in 500 BC, “Mastering yourself is true power.” So much has changed in the centuries since, while we have not, which is why such insights are eternal. Much is now written of modern China’s mastery over its citizens. No doubt this is true. And Beijing’s dominance is often seen as a source of strength. Combined with the nation’s ambition, hard work, and sheer size, China’s a

Hope all goes well… “We took some kind of weird personality test at school,” said Teddy, riding shotgun, not quite 16. “Let me guess, it confirmed you’re seriously boring,” I said – that’s how we roll. “Nope. Much worse. It asked all these questions, then gave a summary of who you are. And I was like, holy crap, that is exactly who I am,” he said, amazed. “Well, you wear your emotions on your sleeve,” I said. T

Hope all goes well… Dusted off an anecdote from 2016 that explores the meaning of money. It is worth considering after a quarter in which the US dollar declined by more than 50% versus the dominant digital assets and the S&P 500 closed at an all-time high (see below). See you next Sunday with full weekend notes. All the best, E Week-in-Review (expressed in YoY terms): Mon: Ever Given refloated, 114 dead in Myanma