What happens when you die:
They divide up your shit.
They summarize your life in 500-1000 words.
People who knew you less say sorry to people who knew you more.
Everyone eats, drives home, and wakes up the next day and goes to work.
Whatever you’re worried about won’t be in those 500 words.
You can dare greatly or not at all, but you’re gonna die either way.
Might as well squeeze every motherfucking drop out.
@TheOneLanceB@3povC It also allowed you to find out the true nature of the game. Very few people have lasted that long…By defecting early you do not get to know the escalating challenges of trading in its full depth…
Alex Hormozi says a trader made $100,000,000 and still couldn’t sleep at night
“If you’re so good at trading, why should I listen to you? Well, I have $100 million in verified earnings from trading. I said okay, then why are you selling courses instead of just making trades?”
“He says, I want to impact people. I said no you don’t, dude. Tell me the truth, I can only help you if you tell me the truth”
“Eventually he breaks, I couldn’t sleep. I lost weight. The stress, trading ruined my life. I couldn’t find anyone to date because I had to trade 24 hours a day. It ruined my health”
“My dad died at 50, and I saw myself going down the same path”
“That’s the truth. So your marketing should say, trading ruined my life and it’s also the only thing I’m good at. So if you want to make enough money to ruin your life, I can show you how I did it”
The market is dropping in response to the Fed's first meeting with Kevin Warsh as Fed Chair for one key reason:
We will have far less information going forward.
During the press conference today, Fed Chair Warsh announced that the Fed has "dropped" forward guidance.
He even hinted that the "dot plot" could be changed or eliminated along with all forms of Fed communication, such as the policy statement and press conferences.
In other words, the market will now have less Fed outlook which means more uncertainty.
On top of this, the five new "task forces" established by Warsh were said to have grand objectives with minimal guidance on what to expect.
As markets have repeatedly proven, uncertainty and volatility go hand-in-hand.
The new era of Fed policy will come with more volatility.
pharma GOATs (includes their teammates):
Wong
Edelman
Holman
Aghazadeh
Rothbaum
Chen
Baker
Ramaswamy
you want to ask the question "does a drug work" or "will a drug work", ask the people who have made the most money answering said question. don't ask an influencer
I'm in the new Market Wizards book!
This book series was a huge inspiration and motivation when I first read them in 2011 when I was struggling and being included myself is a massive honor, thanks to @jackschwager and @gfc4!
I'm also very lucky that I found two trading communities early in my journey @PradeepBonde and @IUTraders that in hindsight turned out to be Market Wizard factories!
If you are having a bad day, remember that Mohnish Pabrai had 79% of his portfolio in Micron but sold the entire stake in the middle of 2023
The stock is +1400% since then