Rob Armstrong

Our colleague, Hack Young...

wrote a piece yesterday for the newsletter about how the whole supply chain underlying this digital revolution is very concentrated, very interrelated, very geographically concentrated, dominated by monopolies or duopolies.

And one or two links in this thing

And we're going to have a serious economic problem to say nothing of what will happen to markets.

So there is, I think you're right to point this out, there's just a great concentration of low probability, high damage risks that a very concentrated economy brings along with it.

I'm short world peace.

And in particular, peace in the Middle East.

You know, I don't know anything more about the situation there than any other reader of the FT does.

But you read the coverage today.

And Iran and the U.S.

just are miles apart and not getting any closer.

So I'm growing cynical about the prospects for this process.

You're growing cynical.

I'd be interested to hear from listeners what they think.

But I think the market is too optimistic about this.

My next 500 grand, I'm going to buy you one of those.

Hi.

Ciao, Bella.

Is that because Elon Musk is going to shoot a huge asteroid at anyone who fails to purchase shares?

That's what it says.