Building @INDmoneyapp, I write about startup learnings from the journey of 0 to 4M users, opp. in tech and investments, art of persuasion and financial freedom.
You start out feeling you have infinite time, then suddenly you feel you don't have enough. The reason is that time spent / time remaining grows hyperlinearly.
A cardiologist wanted to understand the effect of "normal" interest rates (~3-5%) on speculative assets.
It is like blood pressure. The effect is not acute, but silent, cumulative, and, eventually, irreversible.
Big takeaway from the GPT paradigm is that the world of text is a far more complete description of the human experience than almost anyone anticipated.
Year end makes many people reflective and zoom out to look at their life and choices.
It maybe useful to do this every month and not wait for year end if one wishes faster iteration in themselves.
Smart people who lack the courage to take risks often end up bitter, as they keep witnessing less smart people with more courage do much better than them.
Here’s where the sharpest brains on Wall Street predicted the S&P 500 would end 2022:
BMO - 5,300
Wells Fargo - 5,200
Goldman Sachs - 5,100
JP Morgan - 5,050
Today it’s 3,854 - not one of them came close.
Pay zero attention to next year’s predictions.
No one’s got a clue.
A big problem bubbles is the reflexive association between wealth and wisdom, so a bunch of crazy ideas are taken seriously because a temporarily rich person said it.