usdFARM

protecting your money comes before growing it. I explain how finance works, how to spot scams and fake yields, and how to build stable income.

[Late Compounder @paperhanderr]

Charlie Munger died worth about $2.6 billion. Asked whether anyone could copy what he did, he said most people should not try.

His answer had two halves. The thinking works for anyone. Jumping into another man's profession to beat him at it does not.

He knew the cost of a wrong turn. At 31 he was divorced, broke, and burying his nine year old son Teddy, who died of leukemia.

He rebuilt anyway. Real estate law first, then investing, then six decades beside Warren Buffett.

He also refused to sign the Giving Pledge. His explanation was that he had already given more than half of his wealth to his children, so he could not promise half of what remained.

The man who told the world not to copy him was careful about who got his money.

[M1ST @0xPoPsik]

Buffett's first investment has nothing to do with the market. It is communication.

He tells students that while they are learning complicated formulas, they are overlooking the skill with the biggest payoff. Learn to communicate better, in writing and in person, and your value rises by at least 50%.

Without it, the best idea in the room does nothing. His image for it is a man winking at a girl in the dark. Nothing happens.

The good news is that it can be learned. Buffett took a Dale Carnegie course himself, and he still jokes that he should have taken a longer one.

Why this one? Because nobody can take it from you.

[Finnam @finn_am0]

Kevin Costner put his own money into a Western. Reports put it at $38 million, and he has said he mortgaged property to do it.

Horizon: An American Saga, Chapter 1 grossed about $38.8 million worldwide. The project was reported at around $100 million across its planned chapters.

So the arithmetic is not complicated. The studio's money bought the production. His money bought the risk.

He left Yellowstone to make it. Taylor Sheridan said publicly that he was disappointed, and that the exit shortened the closing arc of Costner's character.

Was that courage or a mistake? Only one of those words is decided by the box office, and that one is not final yet.

[usdFARM @0xusdfarm]

@ergodonx Offered 2.5 million in a Swiss account to do it again with her husband, and she said no. That's the answer to the question, and it cost her everything to give it.

[usdFARM @0xusdfarm]

@quelmylife The good old boys wrote a rule in 1955 thinking it would never trigger, and a cocky 22-year-old read it. Every great deal is a forgotten clause and someone patient enough to check.

[usdFARM @0xusdfarm]

@roccotrenches Anger at real injustice is how societies reform, and Munger says that while also saying don't do it to yourself. Not a contradiction, a division of labor.

[usdFARM @0xusdfarm]

@shredderAI @hoodminers_rh One number to check instead of guessing who holds what is the most underrated part here. The rest of the settings are still on the creator, so read before you buy.

[usdFARM @0xusdfarm]

@6AW0RON0k A 26-year-old pulling 3,100 a month on the same setup is not proof the setup works, it's proof the survivors are rare. Median 0.95 is the number nobody screenshots

[usdFARM @0xusdfarm]

@yuhei02 元が取れなくても連続ドラマを始めるか、という問いが刺さる。安さは入口で、続きを見せる設計が本当の勝負ってことか。

[usdFARM @0xusdfarm]

Yahoo made Mark Cuban a billionaire in 1999. Broadcast sold for $5.7 billion, mostly in Yahoo stock, and his share came to about $1.4 billion.

He could not sell it for six months. So he did not bet against Yahoo. He bought put options to protect what he already had.

He says he put every penny he had into that protection. It cost him about $20 million on the hedge.

Then the market went down, and the protection paid off. Yahoo fell about 90% over the next few years. The company that was worth roughly $130 billion in 2000 sold to Verizon in 2016 for $4.8 billion, less than Cuban's startup had fetched.

The lesson is not that he was clever about direction. It is that he treated a windfall as a risk he had to protect before he could enjoy it.

[Finnam @finn_am0]

A $100,000 monthly credit card limit, cut to $50,000. That is the number the court is actually arguing about.

Robert De Niro's lawyer told the court the pandemic had hurt his restaurants. Grace Hightower's lawyer said he is worth about $500 million and earns around $30 million a year. Both sets of figures come from the lawyers. Neither has been tested at trial.

The 2004 prenup matters most. It pays her $1 million a year, but only in years he earns $15 million or more. Below that line, the contract does the arithmetic for both of them.

His lawyer said he might be lucky to make $7.5 million this year. Nobu, the restaurants he co-owns, reportedly lost $4.87 million across April and May.

The judge kept the card at $50,000 on a temporary basis and ordered a $75,000 payment toward a summer home for the children.

Was that fair? The prenup describes one version of his money. The restaurant losses describe another. Only one of them is in the court file.

[usdFARM @0xusdfarm]

@max_bankroll Drinking five Cokes a day and owning a quarter of your own calories in stock is either the best research method ever or the most expensive habit. In his case, both.

[usdFARM @0xusdfarm]

@soncarius The Queen ran out shaking and the staff reported her vomiting to officials, and still nobody offered treatment. She was alone in a house full of people and everyone knew it.

[usdFARM @0xusdfarm]

@BercusNA Never run an interview assignment on your work laptop is now the most expensive sentence in tech. A job offer shouldn't come with a repo you have to run as admin.

[usdFARM @0xusdfarm]

@mintzdev Apps tracking your location while closed and recorders keeping your audio after deletion, all buried in text no human has finished. The bot reads it so you don't have to and then gets confrontational on your behalf.

[usdFARM @0xusdfarm]

@Dastentofficial Stay on the escalator, obviously. The escalator never opened a hole, the floor did, that's the lesson.

[usdFARM @0xusdfarm]

@SchiedC60393 Knock it on its back and it flips over 84 percent of the time. That's better recovery than most people I know after a Monday.

[usdFARM @0xusdfarm]

@millo_onchain Who else is landing rockets is such a low bar the press still tripped over it. Lucky or not, Ellison saw it before the room did.

[usdFARM @0xusdfarm]

@Archii_trades Rich people love the lottery because they don't have to pay for it and the people paying are the ones a dollar actually hurts. That's not a game of chance, that's policy.

[usdFARM @0xusdfarm]

@Vandorex He sold a lottery ticket he couldn't afford to hold and walked away clean. Judge the decision by what he knew, not by the chart he never saw.