Personal update: I’ve decided to leave OpenAI. Not that I ever worked there. But it just looks like everyone else is doing it, so I thought I'd hop on the bandwagon.
In other news, I've decided to join @AnthropicAI to work on AGI for the benefit of Claude. I don't think they realize that I've decided to join, and to be honest, I don't think my decision carries much weight with them, since I wasn't offered a job there.
But the decision stands.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
@RandianCapital If priced right, say $200/ month - which is way below the cost of owning a car + insurance + maintenance + parking, this could actually work. Uber could be a great way to control traffic in busy downtowns.
Enron executive Lou Pai completes the sale of 340,000 shares of Enron stock, cashing out $250 million and formally leaving the company. His reasoning is unknown.
I wrote about Metro $MRU.TO, which features:
- Excellent long-term returns
- Strong market share in Ontario/Quebec
- Steady buybacks
- 29-year dividend growth streak
- 10%+ dividend growth potential
But is it cheap enough to buy? My thoughts.
https://t.co/VW0tJd2DV3
For those of you invested in SaaS. My website Qualtrim should be the ideal type of SaaS website to be disrupted by AI. But every month this year we have hit record high paid users. Including into June.
Take that for whatever it's worth.
Working hard on my book, approximately 60,000 words written so far. Here’s a little sneak peek of Chapter 27.
I didn’t start this project because the world needed another investing book. In fact, that was the entire problem. Over the last twenty years I’ve read most of the major investing books I could get my hands on. Many of them were excellent and taught me a tremendous amount about valuation, accounting, competitive advantages, capital allocation, and business analysis.
Yet after finishing many of those books, I often felt there was still something missing. Most books teach you how to analyze a business, but very few teach you how to survive being an investor. The longer I invested, the more I realized that extraordinary results rarely come from discovering some secret piece of information nobody else knows.
More often they come from doing things very few people are capable of doing consistently. Remaining patient during boredom, staying rational during fear, holding conviction when the crowd disagrees, and thinking independently when everyone else is reacting emotionally. The real challenge is rarely finding a great business. The real challenge is becoming the kind of person who can hold one.
That realization became the foundation for this book. I wanted to create something visual, practical, psychological, emotional, and realistic. Something that reflected what investing actually feels like in the real world, with all the uncertainty, doubt, waiting, temptation, and emotional storms that destroy returns.
Because of that, the book contains hundreds of original illustrations, diagrams, mental models, frameworks, checklists, and visual examples designed to help understand the concepts into ideas that are intuitive, memorable, and applicable in real life. I’ve always been a visual learner and I believe some lessons can be understood in seconds when they are seen rather than simply read.
When I first told people what I was building, many rolled their eyes. I don’t blame them because there are already countless investing books in existence. The last thing I wanted to do was write another book that repeated the same concepts and lessons that have already been written about for decades.
What mattered to me was building the book I wish existed when I started investing almost twenty years ago. A book that teaches not only how to analyze businesses, but how to think, how to decide, how to wait, how to endure, and how to remain rational when everyone else is losing their minds.
Many of the people who were initially skeptical eventually came back after reading portions and told me the same thing: “This doesn’t feel like any investing book I’ve read before.” Whether readers ultimately love it or hate it is up to them, but if there is one thing I can promise, it’s that I didn’t set out to write the same book everyone else already wrote.
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