Investing can be like this too.

Good morning.

It’s not easy to move from the left to the right but it can be done with hard work and sacrifices and taking yourself out of the show of success competition.

Public sector workers get pension benefits up to 82 per cent of their salary Taxpayers will pay £57bn this year to fund retired PS pensions Even if PS pensions closed now, the yearly bill for funding existing pension promises would surpass £100bn by 2050. thetimes.com/article/11db5c…

Sad state of affairs.

“Angela Rayner faces questions over alleged inheritance tax dodge” It looks like legal tax avoidance. Coincidence that the valuation was the maximum allowed though? We all want to minimise the tax we pay. I think the point is we expect more from MPs. thetimes.com/article/462b05…

Remember the good old days when it was Two Jags Deputy Prime Minister? Now it’s Three Houses Deputy Prime Minister.

SWC building its cost base. More reason for a discount to its Bitcoin value. Does it need a CFO to multiply 2,440 by £80,280?

#SWC The Smarter Web Company drifting down towards its bitcoin price. Now down from peak price of £5.05 Still more to go.

Maybe I wasn’t missing anything. Market cap now £275m. Value of its bitcoin now £200m. Feel very sorry for those that bought at £5 compared to today’s price of £1. The Smarter Web Company

Who knows? Are we about to see another big equity price reset?

Good chart. Personally, I think the mNAV should be at a slight premium to 1x to reflect the tax shield that you can get through holding them through a SIPP or ISA.

Animal Farm.

You can buy a car in London and dump it in Manchester for less money than buying a train ticket.

Not long before the viruses will be sent to the cars bringing the world to a stop. thetimes.com/article/1720c3…

“Playbook”. Where did that come from? Also “over indexing” another knobby phrase that have crept into our business lives.

Paid £963 for a minor service last Friday. Today my tyre pressure warning light came on. You would have thought they could have checked the tyre pressures and pumped them up to the recommended pressures. JLR