sacha

investor. co-owner @metadaoproject. ex @lidofinance

[sacha @sacha]

https://t.co/iemnM9A67M

[The Icahnist @TheIcahnist]

https://t.co/Tq6wGjWELe

[Garry Tan @garrytan]

"Forget your perfect offering / There is a crack in everything / That's how the light gets in."

—Leonard Cohen

[Hunter @huntermmonk]

The ethical and commercial factors are intertwined.

Giving back to users doesn't just feel good because acting out of gratitude is personally rewarding.

It creates a solid base of community to power the business over time.

[F. A. Hayek Quotes @FAHayekSays]

“In the fascist states a socialist is often regarded as a potential recruit, while the liberal of the old school is recognized as the arch-enemy.”

— Friedrich Hayek

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman on Adam Smith’s ‘invisible hand’:

“Somehow or other, there exists this subtle system in which, without any individual trying to control it, people seeking to promote their own interests will also promote the well-being of the country.”

“That’s a very sophisticated story. It’s hard to understand how you can get a complex, interrelated system without anybody controlling it.”

[Laso Finance @LasoFinance]

Consolidated info on company, revenue and ICO is now live at https://t.co/BAdtzNBu9e.

The content is primarily focused on:
• How business operates
• Revenue sources
• ICO details
• Material risks

As a reminder, technical docs for agents is at https://t.co/z9ew8HW60V.

[sacha @sacha]

@Noahpinion @paulg a set of myths we collectively believe in

[Robin Hanson @robinhanson]

"movies were best before you existed, declined around the time you arrived, and have been getting worse ever since"

[Nassim Nicholas Taleb @nntaleb]

The Incerto has it for every chapter.

[F. A. Hayek Quotes @FAHayekSays]

“From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently.”

— Friedrich Hayek

[Milton Friedman Quotes @MiltonFriedmanW]

“The minimum wage destroys the best kind of training programs we’ve ever had: on-the-job training.”

— Milton Friedman

[Nassim Nicholas Taleb @nntaleb]

For ages scholars wasted their time & confused us trying to figure out why civilizations collapse. Few if any have looked at the RISE as a pure accidental event, followed by reversion to the mean as things should.

#TheLydianStone

[Peter Van Valkenburgh @valkenburgh]

What boots thy zeal,
O glowing friend,
That would indignant rend
The northland from the south?
...
'T is the day of the chattel
Web to weave, and corn to grind;
Things are in the saddle,
And ride mankind.

There are two laws discrete,
Not reconciled,—
Law for man, and law for thing;
The last builds town and fleet,
But it runs wild,
And doth the man unking.

Emerson

[F. A. Hayek Quotes @FAHayekSays]

Hayek on what appeals to the intellectuals

[Kevin Carpenter @kejca]

Charlie Munger: "Value investing will never go out of style because value investing — the way I conceive it — is always wanting to get more value than you pay for when you buy a stock."

"All good investing is value investing. It's just that some people look for values in strong companies and some look for values in weak companies. But every value investor tries to get more value than he pays for."

(Daily Journal AGM || 2021)

[sacha @sacha]

not inevitable

eg monaco has tiered housing and free healthcare + education for locals

[Aporia @aporia9n]

Madrid is speedrunning the “superstar city” cycle.

For decades it was a stunning capital but still strangely local, Spanish and underrated vs London, Paris or NYC.

Then post-Covid, everything changed. Rich Americans moving in. LATAM money. Luxury hotels. F1. International schools. Coffee shops. Private members clubs. €8 pistachio lattes.

Now house prices are +62% in 5 years, rents +64%, and locals are protesting because the city is becoming a lifestyle product for people who don’t actually need to live there.

This is basically what happened to Lisbon/Barcelona/NYC/London, but compressed into one post-Covid cycle.

This is the tragedy of great cities: the more desirable they become, the less they belong to the people who made them desirable.

[Mark W. @DurhamWASP]

“Where men are forbidden to honour a king, they honour millionaires, athletes, or film stars instead; even famous prostitutes or gangsters. For spiritual nature, like bodily nature, will be served; deny it food and it will gobble poison.”

C.S. Lewis

[Paul Graham @paulg]

In the future people won't believe it ever got this bad. But it did.