Want your company to survive? Build it in the US.
The 5-year survival rate for US businesses stands at 51%, the highest among the 4 major economies tracked by Apollo.
This is followed by the 27 member countries of the European Union, at 46%.
By comparison, only 38% of companies in the UK and 37% in Germany survive for at least 5 years.
Simply put, the US has the highest proportion of businesses that remain active after 5 years.
This reflects the advantages of the US business environment, including more developed and larger capital markets, flexible labor rules, and lighter regulation that facilitate growth.
The US has one of the most business-friendly environments in the world.
I try to see everything through the bigger picture.
When every screen is red, the most useful thing I do is close the laptop and go for a walk in nature. It's how I hold my conviction when everything in me wants to panic.
And I'll be honest with you, because pretending otherwise would be insulting. Crypto is painful right now. It is not the gift that keeps on giving that it once was, and all of us in it are feeling poorer and feeling like shit. I feel it too.
But feeling bad and being wrong are not the same thing.
Nothing in the actual mechanism has broken. The business cycle has already turned. Liquidity says crypto is running cold, not dead. And I still believe, deeply, that layer 1s are the place to be... Ethereum, Solana, Sui.
I sat down and wrote my full thinking out today. My up to date thesis on crypto right now, why I'm still here, and where I think the real money gets made from here.
“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months."
“We’re going to get your energy prices down. We’re going to get your energy prices down by 50%.”
“Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods.”
“We’re going down and getting gasoline below $2 a gallon, bring down the price of everything from electricity rates to groceries, airfares, and housing costs.”
“A vote for Trump means your groceries will be cheaper."
-President Trump on the campaign trail in 2024
Everything in life can be taken away from you and generally will be at some point.
Your wealth vanishes, the latest gadgetry suddenly becomes passé, your allies desert you.
But if your mind is armed with the art of war, there is no power that can take that away.
In the middle of a crisis, your mind will find its way to the right solution.
Having superior strategies at your fingertips will give your maneuvers irresistible force.
As Sun-tzu says, “Being unconquerable lies with yourself.
NSA whistleblower Edward Snowden on why your phone isn't yours
freeze it at 1:20 - that's the second he says what Google and Facebook never wanted out loud
"if you have to be the president of the phone and the phone is as complex as the United States government, we have a problem, guys"
"they can see everything about you... and they can do whatever they want with your device"
"before we understood what we were giving up, they were making billions of dollars"
bookmark this, then watch
Charlie Munger: “[Warren and I] have the theory that you should hang around good people and always behave better every year than you behaved the previous year.
And as you rise in the world, it’s particularly important to know that rule.”
Buffett mainly just cares about the downside and whether something will break the business.
"All I do is think about the downside. The upside will take care of itself."