no advice// finance and money guy interested in what’s coming // a decade in recovery // lost in some tunes, but it beats being lost // father of two 🪽
We heard endlessly about @elonmusk ‘s net worth going up.
We heard calls for wealth taxes every time the number hit a new high.
What we don’t hear much about is what it feels like to watch $100 billion disappear on paper and still show up to work the next morning.
Anyone who has ever built a company will tell you the market value on any given day can feel slightly arbitrary, and always keeps you honest.
The number is real.
The feeling attached to it often isn’t.
Net worth, the value of your businesses, and self-worth have never been quite the same things. 🍊
My June public newsletter is now available:
https://t.co/q9AWNzBSmY
The issue focuses on defining and planning for the more multipolar and volatile world we have moved into.
Oil, The Fed, Strategy, And The Bear Market
Warsh is in, rate hikes are priced in, oil is falling, the dollar is on the rise, Gold tumbles, and Bitcoin continues to fight its way through the bear market.
All new Mailbag Monday with @JackMallers is LIVE at 6pm ET 👇
My buddy said Stocks and Bitcoin are too volatile since COVID.
Be it pounds, Euros, or Canadian dollars, my local currencies has been speed-running depreciation like it’s trying to unlock an achievement.
At least Bitcoin, crypto and stocks have the decency to tell you when it’s moving. 🍊