Lessons from Investment Gurus

The Most Important Thing

 Successful investing requires thoughtful attention to many separate aspects, all at the same time. 
Omit any one and the result is likely to be less than satisfactory.

The idea of the most important things—each is a brick in a solid wall, and none is dispensable. 

The U.S. Can’t Afford To Lose Its Reserve Currency Status

Watch this space. The U.S. Can’t Afford To Lose Its Reserve Currency Status The loss of its exorbitant privilege would be disastrous https://medium.com/alpha-beta-blog/the-u-s-cant-afford-to-lose-its-reserve-currency-status-b08009c2cbf2

I’m Sam, I’m the curriculum director at Gregorio Perfecto High School in Manila, Philippines. I’ve been an educator and administrator for just over 25 years. Our school is spending a good amount on edtech, but I don’t feel like we’re getting the most out of it. I’d love to learn from everyone what is working for them. Thanks!

Sam Mendoza

Much of this is the Russia effect. Following the outbreak of the Ukraine war and Western sanctions, Russia has replaced Saudi Arabia as China's top oil supplier and become a key market for Chinese autos. And China and Russia now conduct the lion's share of their bilateral trade in yuan.

Renminbi rising: China's yuan is quietly gaining ground 

https://www.wsj.com/finance/currencies/chinas-yuan-is-quietly-gaining-ground-f0b8994b

"China's cross-border yuan settlement for merchandise trade has more than doubled, on a monthly basis, since mid-2020 — and is now equal in value to over a quarter of China's top-line goods trade."

Renminbi rising: China's yuan is quietly gaining ground   https://www.wsj.com/finance/currencies/chinas-yuan-is-quietly-gaining-ground-f0b8994b  "China's cross-border yuan settlement for merchandise trade has more than doubled, on a monthly basis, since mid-2020 — and is now equal in value to over a quarter of China's top-line goods trade."

The Chinese currency’s use abroad has risen sharply. That could complicate the impact of any future Western sanctions.