The best part is that you can design your own luck
Exposure (social groups, activities, environments) + risk taking + high energy + right place and right time + removing any negative associations with luck (saying you are unlucky) + recognizing how fortunate you are = luck
This is such a great old Saylor video and to me, it encompasses the essence of investing.
It really is just about putting together a vision for where the puck is going that the mass market hasn't, and then having the conviction and patience to see it through.
The beautiful thing about this is all the billion, trillion dollar funds with all their $1M/yr salary quants don't have any edge in doing that over you and I doing that. Everything Saylor mentions here was public knowledge, he just put it together in a way many didn't.
No fancy math gets you this, just some research on the topic at hand and some high level reasoning capability to put it together correctly and project it forward.
My best tradfi trade was buying AMD at $2 before it ran to $200. The thesis was that their new chips were competitive again for the first time in 10 years. That's it. Full stop. One sentence thesis for a 100x trade. Meanwhile every analyst on wall street was laughing at them, they had always lost to Intel and always would in their mind.
You can have insane edge by simply understanding a product, making some correct assumptions about the future of that product, and having the discipline to hold until that future is realized.
There is no formula for learning this, it simply takes experience and education. Read as much as you can about as many things as you can and push your understanding of the world as far as it can go. You'll find that you start making connections, start formulating visions for where things are going rather than where they are because you now have a solid base of knowledge and pattern recognition to project from. Maximize your capacity for reasoning.
If you don’t have any money to buy this dip?
I will help a few of you.
$5000 giveaway to 5 people.
To join:
Just retweet & make sure you are
following me.
I will actually announce the winners soon.
Unlike these other fake guru giveaways.
@milesdeutscher I heard Huberman talk about this being cause humans are most productive in the morning & evening.
Afternoons are kind of a lull.
Similar to how some animals are nocturnal, we’re most productive/active @ both ends of a day.
The longer it takes you to make life changing money
The higher the chance that you’ll keep it
Hard to appreciate it if it kind of just falls into your lap
In my opinion at least
🚨WARNING: This interview will be the most important 8 minutes of your life.‼️
If you can’t get to the end of this clip without understanding the value proposition of Bitcoin, you are a sheep living in the matrix.
All the status symbols don’t look so cool when you don’t have freedom
Freedom is the ultimate social status
Bike rides and freedom >> Riding your G wagon to a job you hate
Life is hard,
But let’s be real.
YOUR LIFE IS EASY.
I don’t care what you’re going through.
Somewhere right now, people are hearing bombs fighting to stay alive.
There are kids who have nothing,
No safety, no future, no hope.
And you?
You’ve got a roof over your head,
A phone in your hand,
And me right here giving you the tools to make something happen.
Not only that.
You’ve got a #crypto bull run coming,
A chance to change EVERYTHING if you stop making excuses.
No excuses. No bullshit.
People have it worse and still fight.
You have a chance to do something great.
Make it count.
Bitcoin is volatile, but you get…
- guaranteed INCREASE in purchasing power.
- guaranteed liquidity
Fiat money isn’t volatile & you get…
- guaranteed DECREASE in purchasing power.
- guaranteed illiquidity