The Road Doesn’t Care What You Paid for It
November 8, 2026 · @Gerry
Speculative money compounds by mathematics. Real assets decay by physics. Sooner or later, physics collects.
Two ledgers
On October 29, Alphabet had its worst trading day since it went public in 2004. The stock fell 12.6 percent. About US$482 billion of market value was gone before the clo…