Early in $FB (2007)
Early in @warriors (2011)
Early in #Bitcoin (2012)
Early in $AMZN (2014)
Early in $TSLA (2015)
Early in #SPACs (2017)
What’s the pattern?
Prioritize non obvious, well reasoned decisions that, if right, will refute conventional wisdom.
“How could Amazon be worth more than Sears!??”
Love that this was the key question in 1999.
What startups are they asking these kinds of dumb questions about today? Those are the ones we should be funding!
Been in the markets for decades. I can't remember a move as brazen as simply cutting off trading in certain stocks because price got uncomfortable for some people.
The rise of more resilient, independent networks in all areas of society is urgent. BTC is just one part of that.
If someone, a year ago, described January 6, 2021 (and events attending it) & asked you to guess the stock market behavior, admit you would have gotten it wrong.
Just so you understand that news do not help you understand markets.
Now, work on having a good 2021.
It's astonishing how many people on twitter love to have extreme opinions but refuse to do any work to back them up...
How do you ever get ahead when its your own mind that holds you back?!?!?!
Many people delay taking action because they hope to avoid suffering. They keep searching for a path that won’t involve pain or sacrifice or tradeoffs.
But some form of suffering is always inevitable. The process of taking action is the process of choosing your pain.
A 5-step process for nearly anything:
(1) Explore widely. Find out what is possible.
(2) Test cheaply. Run small, quick experiments. Sample things.
(3) Edit ruthlessly. Focus on the best. Cut everything else.
(4) Repeat what works. Don't quit on a good idea.
(5) Return to 1.
In 1865, a 30-year old financier named Jim Fisk made a fortune betting on the fall of the Confederacy.
It was the original "big short" - a financial scheme you have to read to believe.
Who's up for a story?
👇👇👇
Work out when you don’t need to.
Build skills when you don’t need to.
Eat healthy when you don’t need to.
Travel around when you don’t need to.
Build relationships when you don’t need to.
Seek better jobs when you don’t need to.
It’s too late if you wait till you need it.
Can we circle back on the $500B dollars that was just given to super rich people with literally no oversight or justification requirement?
It was maybe the biggest theft ever in history, and we are all like, “yeah but Cornavirus.... it was nessacry, I have a yacht”.
$68T will be transferred from older generations to younger generations over the next 25 years ... it's time to pay attention to the behaviors of the next generation of investors. https://t.co/VlntG5damD
Again, how did we get here?
* $0 comm and fractional shares
* Scream FOMO and TINA for a decade
* Bail everything out, nothing is allowed to go down
* Fed all-in, unlimited printing press
What retail is doing is rational given all this.
https://t.co/vMy66ELOni