TPN Podcasts for Week 28, 2019

This week on TPN: 

On our podcasts this week we talked about the Christianization of America in the 1950s; how shell companies get used by the rich to hide their money; how Tiberius Caesar and Sejanus took down their political rivals; and how one savvy American investor picks companies he thinks will be ten times bigger in the future. 

Click on the titles to go to the episode.

 

 

In 1951, the American Congregational minister James Fifield and his team of geniuses came up with a brilliant idea. To mark the 175th anniversary of the signing of the Declaration of Independence, they proposed to hold a massive series of events devoted to the theme of “Freedom Under God.” The campaign was supported by everyone with wealth who hated the New Deal: Republicans leaders of industry and politics. The goal was to convince Americans think Christianity, laissez-faire capitalism and America went together like peanut butter and jelly.

And then, in 1954, the Scottish Presbyterian minister George Docherty gave a powerful sermon in his Washington DC church, declaring that, “to omit the words ‘under God’ in the Pledge of Allegiance is to omit the definitive factor in the American way of life.” A few months later, President Eisenhower signed the phrase into law.

How do these shell companies get used? We provide some examples. We also talk about the fallout of the Panama Papers, Operation Car Wash, the murder of Maltese journalist Daphne Galizia, why Americans didn’t show up in the Panama Papers as much as we might have expected, and how some of the world’s largest banks used Mossack Fonseca to profit from “arms dealers, bag men for Third World dictators, traffickers in blood diamonds and other international outlaws”.

Shortly after Livia’s death, Tibbo wrote a letter to the senate attacking both Agrippina and Nero. They were prosecuted by Aulus Avillius Flaccus – the future prefect of Egypt, which leads Cam into a sidenote about Flaccus’ treatment of the Jews in Alexandria – and were both sent into exile. Then in 30, Tibbo finally went after his nemesis – Asinius Gallus – the man who married the love of his life.

This episode contains the second part of our interview with Austin LIeberman, a private investor in Florida, who has been achieving remarkable returns on his portfolio over the last 4-5 years, as we try to understand his methodology. On this episode Austin tells us he tries to only invest in companies he can imagine being ten times bigger than they are today. Our stock of the week is Tony’s old employer, the Coles Group (COL).

TPN Podcasts for Week 27, 2019

This week on TPN: 

On our podcasts this week we talked about how the early Christians set out to destroy the Epicureans; more background on what Edward Snowden described as the “biggest leak in the history of data journalism”, the Panama Papers; the continued descent of Rome into chaos under Tiberius and Sejanus; the first part of our interview with Austin LIeberman, a private investor in Florida and an analysis of Afterpay; 

Click on the titles to go to the episode.

 

 

When Christians banned other religions and philosophies in the late 4th century, Plato and Aristotle, pagans who believed in the immortality of the soul, could ultimately be accommodated by Christianity; but Epicureanism could not. The Epicureans believed life was about seeking pleasure and, if there was pain, it would end with death. Christians, on the other hand, thought life should be difficult, pleasure was evil, and pain could last for eternity. Therefore they had to wipe out all memory of the Epicureans and change the meaning of the term into someone who is a glutton.

With Tiberius safely ensconced in his sex dungeon on Capri, Sejanus goes after more friends of Agrippina, starting with one of Germanicus’ generals, Titius Sabinus. About the same time, Julia The Younger, Augustus’ grand-daughter, finally died, after being in exile for 20 years. And Livia finally died in 29 CE, aged 86.

After more than a year of analysis, the first news stories were published on April 3, 2016, by SZ and the International Consortium of Investigative Journalists (ICIJ). Some 4.8 million leaked files were emails, 3 million were database entries, 2.2 million PDFs, 1.2 million images, 320,000 text files, and 2242 files in other formats. Edward Snowden described the release in a Twitter message as the “biggest leak in the history of data journalism”.

Today contains the first part of our interview with Austin LIeberman, a private investor in Florida, who has been achieving remarkable returns on his portfolio over the last 4-5 years, and try to understand his methodology. Our stock of the week is Afterpay.

TPN Podcasts for Week 24, 2019

Here are the shows we posted this week!

On our podcasts this week we talked about when to sell; Tiberius on treason; the recent attacks on Australian media; and Harry Truman’s Red Scare hysteria.

Click on the titles to go to the episode.

 

 

Today we’re talking about when you should sell a stock that has passed the checklist. And our stock of the week is Vocus (VOC). A vertically integrated telecommunications provider, operating in the Australian and New Zealand markets.

Australian journalists are under attack for publishing stories on domestic spying and our military. What kind of protections should we have in place for whistleblowers and journalists in a democracy? That’s what today’s show is about.

Even as late as 24 CE, Tiberius seems to be mostly rational, although his view on majestas was hardening. He refused to allow Further Spain to erect a temple to himself and his mother. And when Sejanus asked for permission to marry Livia Julia, Drusus’ widow, Tibbo turned him down.

In 1950 Harry Truman complained about a “great wave of hysteria” sweeping the nation – the Red Scare. He should know. He was really largely responsible for creating it. Between the launching of his “loyalty program” in March 1947 and it’s finish in December 1952, some 6.6 million persons were investigated to see if they were Communist sympathizers. Not a single case of espionage was uncovered, though about 500 persons were dismissed in dubious cases of “questionable loyalty” – which was never defined.
Meanwhile in Hollywood, the FBI were worried that that “so-called intellectuals” might be influencing scripts. Because if it’s one thing you don’t want in a democracy, it’s intellectuals.