Osmotic Power for the Rich

On one side, there is concentrated seawater created by extracting fresh water; on the other, treated water from a sewage treatment facility. The membrane allows water to pass but blocks impurities. As water naturally moves toward the saltier side, pressure builds and is used to spin a turbine, which then drives a generator. The energy generated is minimal, and most of it is used to power the pumps. The photo shows the world's first plant near Oslo. 

Of course, this plant is not economically viable; it is a mechanical toy for people with excess resources, time, and energy. How good that life is so easy! 

Dreaming

 
Woke up at 0600 AM. Then started the dreaming phase. I was in a city similar to old Buenos Aires, and wanted to walk from Rivadavia to Ramon Falcon, my street. I had to go through private houses and passages between houses. Interesting. 

Start selling Nvidia?

 Claude says WAIT. 

1. Historical precedent is clear - No company has sustained P/S ratios above 40x for extended periods, regardless of how revolutionary their technology was
2. The gap is extreme - Palantir at 69x sales isn't just slightly above historical peaks; it's in uncharted territory that suggests pure speculation rather than fundamental analysis
3. Even quality doesn't justify everything - While Nvidia and Palantir do have competitive moats, valuations this extreme assume near-perfect execution and market dominance for years to come

The key insight is that even if AI proves as transformative as the internet (which it likely will), that doesn't mean current stock prices are justified. The internet revolutionized everything, but most internet stocks from 1999-2000 were still terrible investments at those prices.

Bottom line: The Motley Fool's argument is mathematically sound and historically grounded. These valuations price in not just success, but perfect, uninterrupted dominance - something the market rarely delivers, even for the best companies.

Asked  Claude when to sell:

Bottom Line: Nvidia is a hold rather than an immediate sell, despite some short-term technical concerns. Wait for the Aug 28 earnings results before making major selling decisions.

What if...?

 TSEM - 9% up today. Only yesterday I was considering it. Cowards never win.

Tasmania

By 1804, the British colonial government & their convicts started to slaughter and murder the Tasmanians in cold blood because they didn’t consider the Aborigines to be full humans.

From X.

Not really. The main issue was that they stole the sheep.

118 Aborigines were killed by British settlers between 1803 and 1834. Seventy-two of these killings took place during the warfare of 1824-31, in which Aborigines themselves slew 187 whites, including women and children.

The last Tasmanian died around 1854.

BTW, Australian Aborigines were latecomers. The continent was peopled by Philippine pygmies, and they replaced them. That is the sapiens way.

Europe exists

 

The President of the United States faces the leaders of Europe. We live in a tri-polar system: America, the EU, and China. The EU project is developing flesh and bones. It is no longer the 1951 Coal and Steel Community founded by Schumann.

Seeing the fruits of the seed I planted fifty years ago

 Pancho Cue produces cheese. 

One of my projects has matured (after half a century).