benny 🇦🇺

All tweets for entertainment only, not financial advice.

[benny 🇦🇺 @benny_aus]

@T1SydneyTrains Thanks. Saw the update that all lines are now open for trains at Strathfield. T1 is good to go?

[benny 🇦🇺 @benny_aus]

@marty386 Aurora Patheticus,

From everywhere in Sydney.

Well done Melbourne and Tassie!

[benny 🇦🇺 @benny_aus]

@AaronxPeters https://t.co/1xj40GMXaL

Brutal...

[benny 🇦🇺 @benny_aus]

@ayushkhd @paulg @markessien That's interesting insight.
I scored only 26/36 and felt I did better going with gut instinct than overthinking.

[benny 🇦🇺 @benny_aus]

@stonkdog2 @T1SydneyTrains Split a cab to Central.
The platforms are also packed here too for anything to and from T1 line!

[benny 🇦🇺 @benny_aus]

@T1SydneyTrains Replacement buses would be much appreciated from Milsons Point to Wynyard. People are stuck here at the station without any buses or trains in either directions.

[benny 🇦🇺 @benny_aus]

@T1SydneyTrains Trains not moving at Milsons Point towards North Sydney. And no trains toward city either.

[benny 🇦🇺 @benny_aus]

@marty386 @rickygervais Ricky and Bill Bailey are my favourite. Absolute genius comedians!

[Shane Parrish @shaneparrish]

A different take on what makes us feel so busy, stressed, and anxious.

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As a rule, the larger your surface area, the more energy you have to expend maintaining it. Of course, when most of us think of surface area, we think of a the area of a rectangle or how much grass we have to mow. But there is a surface area of life, and most of us never realize how much it consumes.

If you have one house, you have a relatively small surface area to maintain (depending on the age and size of the house, of course). If you buy another one, your surface area expands. But it doesn't expand linearly - it expands slightly above that. It's all the same work plus more.

Friends are another type of surface area. You have a finite amount of time to spend with friends before you die. The more friends you have, the less time you can spend with each one individually.

Wealth is another form of surface area. The more money you have, the more you have to keep track of different types of assets and investments.

When your surface area expands too much, you hire people to help you scale. Assistants, property managers, family offices, etc. They're scaling you - but they're also scaling the surface area of responsibility. This, of course, only masks the rapidly expanding surface area by abstracting it.

Beliefs are another type of surface area.

The thing about surface area is that the more you have, the more you have to defend and maintain. The larger your surface area, the more you are burdened with mentally and physically.

If you think in terms of surface area, it's easy to see why we are so anxious, stressed, and constantly behind. We feel like we need more time, but what we're really craving is more focus on things that are important. What we need is a smaller surface area.

Surface area becomes part of your identity. She's the 'busy person' with her hand in every project. He's the guy with four houses.

Competition can drive expansion. Most people want a bigger house to compete with someone else who has a nicer house. We are animals, after all. On a group level, this causes great benefits. On an individual level, it can cause unhappiness.

Most of the really happy people I know have a relatively small surface area. I know billionaires with two houses. Most of my close friends only have 4-5 close friends - everyone else is a friend in the loose sense of the word. Most of the productive people I know at work are focused on one or two things, not 5.

The way to maximize your enjoyment in life is to keep your surface area small. It's a lot of work but if the happiest people I know are any indication, it's a lot less work to keep it small than to maintain it when it's large.

[George Mack @george__mack]

My favorite Charlie Munger story:

In 1953, Munger was 29 years old.

Recently divorced. Lost the house. Huge social stigma of divorce back then.

His 8-year-old son, Teddy, was diagnosed with cancer.

The leukemia was incurable.

No medical insurance - Munger paid for all his medical care.

Charlie would visit Teddy in the hospital every day -- and then walk the streets crying.

Teddy died at the age of 9.

Charlie was broke, divorced and just lost his child.

99.9% of people would've turned to alcohol, drugs, or suicide. (And you'd understand why)

Munger never did.

Fast forward to 52 years old, a failed surgery left him blind in one eye with the potential of going fully blind one day.

Charlie was an obsessive learner who read every book he could get his hands on.

When confronted with the possibility of going blind and no longer being able to read he said:

"It's time for me to learn braille!"

The only thing that might be more impressive than his intellect was his actions.

RIP.

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Munger on Self-Pity:

"Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.

Self-pity gets pretty close to paranoia…

Every time you find your drifting into self-pity, I don’t care what the cause, your child could be dying from cancer, self-pity is not going to improve the situation. It’s a ridiculous way to behave.

Life will have terrible blows, horrible blows, unfair blows, it doesn’t matter. Some people recover and others don’t.

There I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and that your duty was not to be immersed in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea."

[Jason Hirschman @EightTrack180]

Right now Munger is asking why Heaven isn't run as efficiently as Costco and pontificating that the incentive structure for angels is leading to subpar outcomes.

[Pythia Cap: Partially Conductive @PythiaR]

The greatest lesson I took from Munger is not about investing but about resilience.

He lost his 9 year old son to cancer. He lost his eye. He lost most of his money in a divorce. His fund had 50%+ drawdowns, and yet every day, he got up over and over again to keep compounding.

[Nature is Amazing ☘️ @AMAZlNGNATURE]

Apparently the call of a kiwi sounds like a mini T-Rex

[Denise C. @SpudBenBean]

A woman who rang ABC Sydney radio said she found out about the Optus outage from her cat.

The cat has an automatic wi-fi feeder (connected to Optus) & when breakfast wasn't delivered at 6:10 am, the cat went to the bedroom to lodge a complaint with management.

[benny 🇦🇺 @benny_aus]

@hubermanlab As Robert Sapolsky said: "It's not the pursuit of happiness,it's the happiness of the pursuit". We can also apply this to effort towards goals and results.

[Jeremy Raper @puppyeh1]

I'm a value guy at heart but every now and then I find slightly hairier opportunities that offer blinding asymmetry even if absolute downside is significant.

Cassius Mining $CMD.AX is one of those times. Note I recently became the no 5 shareholder, see here:

[benny 🇦🇺 @benny_aus]

@waitbutwhy 73 (the trick is how many wands or brooms shown!)

[@jason @Jason]

Most amazing video I’ve seen in a long time… snowboarder saved by a skier — seems both were skiing alone in the deep powder. Always ski with a partner or two!

[benny 🇦🇺 @benny_aus]

@MPX_Trader Sydney not too bad either!