This week on TPN:
On our podcasts this week we talked about the rise of Kim Il Sung in North Korea, the first Renaissance man, the Aussie economy and whether or not the value of the dollar is closely related to a coming economic collapse.
Meanwhile in the North, the Soviets chose Kim Il Sung to be their hand-picked President. Unlike Rhee, who had spent most of the last 35 years of Japanese occupation chilling in Hawaii, Kim had spent his life fighting the Japanese occupation, first as a guerrilla, then as a Major in the Soviet Red Army. But the actual architect of the North Korean state was Soviet General Terentii Shtykov.
Tony dials in from Ireland this week and brings me up to date on his visits to whisky distilleries in Scotland and his out-of-body experience playing the Old Course at St Andrews. We also talk a little about investing and he how he feels like “I’ve seen this show before”, meaning the current bull run hype. We discuss how our dummy portfolio is going (mostly in the green except for Myer) and for our QAV Club members, we have a discussion about Mortgage Choice (MOC).