This is the central divide. How does a system correct if those who control it don't pay for their mistakes? It doesn't.
Skin in the game enables positive-sum. Without it, someone else always pays.
Simon Pickup retweeted
„At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.“ Nassim Taleb, Antifragile
Simon Pickup retweeted
“La opinión de 10000 hombres no tiene ningún valor si ninguno de ellos sabe nada sobre el tema”
- Marco Aurelio
Simon Pickup retweeted
How accurate was Carl Sagan’s 1995 prediction about America?
“I have a foreboding of an America in my children’s or grandchildren’s time — when the United States is a service and information economy; when nearly all the key manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what’s true, we slide, almost without noticing, back into superstition and darkness.”
Simon Pickup retweeted
Imagine going back to October 2024 and telling Canadian oil & gas execs:
- Trudeau, Guilbeault Eby gone
- Strait of Hormuz war, WTI > $100
- Liberals adopted energy superpower agenda
- New west coast oil pipeline designated in national interest
- TMX full
- Keystone XL/ Southbow Bridger moving forward
- Conservative BC government
- LNG Canada Phase 2 FID’d
- Natural gas gigascale data centres FID’d
- Emissions cap scrapped, IAA removed from almost all O&G projects
- 100% immediate and permanent expensing for capital investments
Simon Pickup retweeted
Congratulations, @LDoerkson, on your election victory.
I look forward to working with you as Premier to get more homes built, unleash our full potential as an energy superpower, and build a stronger British Columbia and a stronger Canada for all.
Thank you, Premier @Dave_Eby, for your service and all we’ve accomplished together. Major infrastructure projects launched. Export markets unlocked. Jobs protected.
I wish you and your family all the best in this next chapter.
Simon Pickup retweeted
China consumed more coal in the last four years (2022–2025) than the entire world consumed throughout the 19th century.
Simon Pickup retweeted
“All of the Communist Parties, upon attaining power, have become completely merciless. But at the stage before they achieve power, it is necessary to use disguises.”
— Aleksandr Solzhenitsyn
Simon Pickup retweeted
The performance Martin Sheen delivers as The Illusive Man is iconic
One of my all time favorite villians
Simon Pickup retweeted
EXCLUSIVE: California has spent $618 million on environmental impact reports for its doomed high-speed rail project. We printed out all 130,000 pages and tried to shoot a .50-caliber bullet through them.
Simon Pickup retweeted
Very funny that billionaires are like “I am leaving”. And Zucman’s response is “sorry no, my theory doesn’t allow this”
Simon Pickup retweeted
if you're into "financial models", pivot to ontologies. You need to think about firms as networks of complementary knowledge and know-how, not as a bunch of numbers on a spreadsheet. Accounting doesn't give you any view into the thing that actually matters (and will matter more and more going forward): how intangibles combine to create economic value.
Firms with economically valuable configurations of knowledge / know-how can deploy capital at attractive returns. Those with a differentiated ability to learn from deployment (accrue more economically valuable knowledge/know-how) absorb more capital over time.
Organisms / species with adaptive mutations absorb energy at high rates and use that energy more efficiently (become more selectively adaptive).
Are you getting it now?































