"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Bitcoin white paper
This simple idea changed the world.
Blackrock manages more money than God.
So when they talk, you better listen…I did!
They addressed the 5 biggest fears facing investors.
Time for a thread 👇
Why does the brain consume 50% of our energy even though it weighs 2% of the bodymass?
Because it's in control and influences where valuable resources end up in our body.
PS: this is also the same reason how CEOs pay themselves significantly more than their employees.
Great entrepreneurs have an instinct for efficient risk-taking. They:
• First figure out the most expensive assumption for growth
• Find the cheapest way to test that assumption
• Obsessively create optionality of positive outcomes
• Double down on realized positive outcomes
The only bird that dares to peck at an eagle is the crow. However the eagle does not fight but opens its wings and flies higher - eventually the crow can’t breathe and falls down. Key learning - not all battles, arguments or critics need to be fought with or responded to.
Passion alone is not necessarily a virtue. You can be very passionate about something & abandon it as soon as an obstacle comes along. What you need is a combination of passion, determination & perseverance. This leads to grit. Your grit will define your success.