Peter Hagen

The key to spice trade is TINA - There is no alternative - in financial terms. The largest form of investment in Middle Ages had been farmland with average ROI of c.a. 7-8 percent but no guarantee (wars, diseases, crop failure). The ROI of spice trade was 200-300 percent over similar period.

So if you wanted double you capital it was either spice... See more

12km a day is a good pace. You may think, 12km? That is nothing! But it is very much something. It allows for exploring small towns and villages along the way, for taking breaks as needed, brewing coffee in the home of a farmer who spontaneously invites you in out of the rain, tasting a few varieties of local wine at a pop-up Chinese winery, for... See more

I highly recommend this activity and format. You can start one yourself. It goes like this:

1. Choose where to walk — somewhere with lodging for 8 people every 15 km — where someone else can drive everyone’s bags from place to place.


2. Someone (local person or business) walks it all in advance to make sure it’s actually good. This person is the

... See more

As all of this unfolded, I spoke twice with Substack’s co-founders. And while they asked that those conversations be off the record, my understanding from our conversations — based on material they had shared with me in writing — was that in the future they would regard explicitly Nazi and pro-Holocaust material to be a violation of their existing... See more

Entrepreneurs think they are better than their resumes show and realize they can make more money by going it alone.