G-Monkee retweeted
The Seven Deadly Sins – at the Scale of a Civilization.
More than fourteen centuries ago, Christian monks drew up a list of seven sins. Not laws – a map of the human heart. Envy. Pride. Wrath. Sloth. Greed. Gluttony. Lust. It is still pretty much the most accurate psychology anyone has written.
The monks were looking at one soul at a time. Look at whole systems instead, and you find the same seven. A vice that stays private ruins one life. Scaled up, it becomes an institution: a tax, a ministry, an ideology, a budget line.
People will always have vices. The question is who pays for them.
Adam Smith noticed that we owe our dinner not to the butcher’s kindness but to his self-interest. A free market does not abolish greed – it puts it to work: you get rich only by serving others, and you go bankrupt if you don’t. The vice pays its own bill. Bad systems let the vice send its bill to someone else – the taxpayer, the next generation, the innocent.
A good civilization does not abolish sin. It sends the bill to the sinner.
So here is what comes next, one sin at a time:
1. Envy – the engine of socialism. If I can’t have it, nobody should.
2. Pride – the planner’s conceit, from Plato’s philosopher-king to the Brussels directive.
3. Wrath – vengeance without trial, from the guillotine to cancel culture.
4. Sloth – comfort as a political program, from bread and circuses to the empty cradle.
5. Greed – the one everybody expects us to defend. We won’t: crony capitalism, the bailout, private profit and public loss.
6. Gluttony – debt. Eating the future.
7. Lust – pleasure cut off from its consequences, and from children.
And then the cures: the four old virtues – prudence, justice, temperance, fortitude – and the institutions that make them stick.
The monks thought sin was a matter for the confessional. They were half right. It is also a matter for the budget.
Show me a country’s budget, and I will tell you which sins it subsidizes.
First up: Envy.
Envy – the Engine of Socialism.
A genie appears to a peasant: "I’ll grant you one wish." The peasant thinks for a long time. His neighbor has a goat. "Kill the neighbor’s goat."
That is envy. Not wanting what someone else has – that’s ambition, and it built most of the world. Envy is wanting him not to have it. Even if you gain nothing. Even if you lose.
Every other sin at least promises pleasure. Envy promises only that someone else will have less. And it is the one sin nobody ever confesses – because it never calls itself envy. It calls itself fairness. Justice. Equality.
Socialism is envy at scale: not lifting the bottom, but cutting the top. Thatcher caught it in one sentence in Parliament: her opponents would rather the poor were poorer, provided the rich were less rich.
In experiments, people will pay out of their own pocket to destroy money belonging to others. Whole countries do the same: the tax that raises little but drives away the people it targets, the school that abolishes the advanced class because not everyone can take it, the rule written to bring down whoever got ahead.
In Soviet villages, a kulak – a "rich" peasant – was often a man with two cows. Liquidating the kulaks did not give anyone a cow. It gave everyone the famine.
That is envy’s bill. Envy aims it at the successful. But the successful leave, or stop trying – and the bill comes back to everyone. Kill the goat and you get no milk. Neither does anyone else.
The Greeks knew there were two kinds of rivalry. Hesiod wrote that the potter competes with the potter, the craftsman with the craftsman – and that this strife is good, because it makes everyone work harder. The other kind only destroys.
A free society does not abolish envy. It converts it: you may have what your neighbor has – by doing what he did. Socialism converts it the other way, into policy, so that nobody has the goat.
The cure is old and simple: gratitude for what you have, and the ambition to build what you don’t.
Next: Pride.
Reality Always Collects – Who Pays for Being Wrong?
We have written about books and films, popes and presidents, Rome and Warsaw, art, money, children. It looks like many subjects. It is one.
Every mistake and lie gets paid for. Sooner or later, in full. Reality always collects. The only questions are when – and who pays.
A good society makes the person who is wrong pay. Quickly, a little, himself. The business with a bad idea goes bankrupt. The politician who governs badly loses the election. The rocket explodes on the test pad, not with people on board. Small failures, early, paid by the people responsible. That is how a society learns.
A bad system does the opposite. It protects the person who is wrong. It postpones the bill and passes it on – and the bill grows, and arrives later, much larger, at the door of someone who did nothing. The children. The poor. The next generation. Sometimes an entire country.
A lie is a loan taken out against reality. You borrow comfort today; someone else repays it tomorrow, with interest.
Once you see this, history becomes simple. The intellectual in his café designs the perfect society; the peasant pays with his life. Cambodia paid for ideas born in Paris. Rousseau wrote a celebrated book on raising children; his own five children paid for it in an orphanage. Rome cheated on its money until prices told the truth and the empire could no longer pay its soldiers.
Look at our own time with the same question. The official who cannot be fired. The program that never has to show results. The art that cannot be judged. The promotion for loyalty instead of competence. The law designed so it can never be undone. The expert who was wrong and is still on television. Being wrong costs them nothing. Someone else pays.
They always prefer abstractions to the particular. A real person sends a bill. This is why every utopia loves "humanity" – and sacrifices people.
What our civilization built – slowly, over centuries – is the opposite: ways of making the bill reach the right address. The market, where a price tells the truth. Science, where the experiment decides. Courts and free elections, where even the powerful can be removed. Free speech, where anyone can point at the mistake. The family, where parents live with the results. Common sense – the lessons our ancestors paid for, so we would not have to pay again. And building: a bridge stands or it doesn’t, a rocket flies or it doesn’t. You cannot lie your way through that.
Demography – the final invoice. A civilization that doesn’t reproduce pays with its existence.
The truth vs the lie – in the end, it all comes down to that. And the lie never stands alone: it needs fear to protect it. Fear is what stops people from sending the bill. Communism and its heirs also do it to us by muddying reality and sowing confusion – when nothing is clear, nobody can tell what the bill is, or whose.
The good news: for the first time, we have a real chance to switch – from a society built on fear and lies to one built on truth. For most of history, lying was cheap and checking was expensive. That is changing. Anyone can now check and say out loud what doesn’t add up – and soon machines will check faster than any liar can talk. The bill is starting to find its address. That is why some people are suddenly so nervous.
In Poland we lived inside a system built entirely on unpaid bills. Everyone knew. Nobody could say it. In 1989 the bill came due all at once, and a system that looked eternal disappeared almost overnight. We have seen how this ends.
So, the same three things as always.
Tell the truth – keep the books honest, starting with your own.
Have courage – send the bill to the right address, even when the address is powerful.
And build – put your work in front of reality and let it judge you.
Reality is patient. But it always collects. The only choice is whether we pay early, in small amounts, ourselves – or late, catastrophically, through our children.
G-Monkee retweeted
"My largest positions aren’t the ones I think I’m going to make the most money from. My largest positions are the ones where I don’t think I’m going to lose money."
- Joel Greenblatt
G-Monkee retweeted
International Biotechnology Trust $IBT was a small beneficiary of GSK’s record $10.6bn acquisition of US cancer drug developer Nuvalent yesterday, with 0.4% invested in the Boston-based company. This is the sixth bid IBT has seen this year. quoteddata.com/2026/06/morni…
G-Monkee retweeted
“The knowledge needed for a rational economic order never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.”
— Friedrich Hayek
G-Monkee retweeted
🤦The 50p tax rate was supposed to raise £2.7bn a year. It raised £1bn. The Energy Profits Levy was forecast at £41.6bn. It raised £17.4bn. The non-dom abolition was meant to raise £34bn. It may raise nothing.
📉This is not bad luck. It is a pattern.
G-Monkee retweeted
How long does it take to build a £1M ISA? 💷📈
At a 7% annual return, the timeline shifts dramatically depending on how much you invest each year.
£5k vs £20k isn’t just 4x the money… it’s 18 years faster to £1M. ⏳🔥
G-Monkee retweeted
🇺🇸My speech last night in New York on energy policy: Net Zero and the Threat to Human Liberty with @NetZeroWatch
stevebaker.info/2026/02/spee…
G-Monkee retweeted
I often quote the rule of 72 —if you get most of your div.s quarterly and reinvest them immediately. You get a bit more compounding and it becomes the 70 rule.
Invest £10,000 @ 7%
📈 Result After 10 Years
Final value: ≈ £20,015
Total growth: ≈ £10,015
Total return: ≈ 100.15%
Who in UK politics will actually shrink the state, tackle debt & inflation?
Could @SteveBakerFRSA be the UK's @JMilei ?
Excellent conversation.
Peter McCormack joins Steve Baker & Harry Richer.
@PeterMcCormack @harryricher96 @wheeliedealer @conkers3
youtube.com/watch?v=9NHPIQm1…
G-Monkee retweeted
🔥In case you missed it: last week from Fighting for a Free Future🔥
🗽@PeterMcCormack joined me and @harryricher96 on The Insurgency this week to discuss how we go about dismantling the state.
youtu.be/9NHPIQm1gPo?si=v4FY…
G-Monkee retweeted
HL will increase the annual cap for those who own shares, trusts or ETFs in an Isas to £150 from £45 a year, & will decrease the cap from £200 to £150 for those using Sipp and drawdown accounts. there will also be an annual charge for holding shares in a GIA.🤔
Terry Smith
15 Jan 2026 - Behind the Balance Sheet Podcast
youtube.com/watch?v=BC52IcnM…
#Fundsmith #TerrySmith
G-Monkee retweeted
Hair and make up alert. Videoed interview with Jeremy Grantham. The AI bubble, why the small cap premium is nonsense, how he made his many millions, the important thing he did not put in the book (but told me..) and why your kids should be farmers youtube.com/watch?v=L-hLVS_5…
G-Monkee retweeted
My LT #investing portfolio hit @ a new record ATH✅
🏋️My No.1 o/w #AZN w/ #dividends & buying on dips is a 27 bagger✅
✅2 x 30 baggers
✅#SEE🆙248% & #JUP🆙162% from 2025 lows
✅#VALT🆙142% since 2/6/25
✅#CMCX🆙58% since 18/11/25
+63 takeover exits in 12 yrs.🤞Next #WG #BP #AAL
RT @SJosephBurns: “The secret to life is easy because it's so simple:”
“You don’t have a lot of envy or resentment. You don’t overspend yo…
G-Monkee retweeted
According to the Financial Times, #PHP is lining up bankers (Rothschild & Co) to sell a hospital portfolio worth around £700 million.
Should be positive for investors !👇
HICL and TRIG defend mega-merger that has 'appalled' investors
The managers of #HICL and #TRIG set out the benefits of a merger of their portfolios to create a £5.3bn infrastructure and renewable giant. 🤔
citywire.com/investment-trus… 🧐
@RidyardMike @conkers3
G-Monkee retweeted
The Rule of 72 is important because it provides a simple and fast way to understand the power of compound interest and how long it takes for an investment to double in value.
G-Monkee retweeted
The on demand speaker and panel sessions for the Investment Company Showcase are now available. There are 30 investment trust managers so don't miss out - catch up on the @AICPRESS site: showcase.theaic.co.uk/previo….






















