trading is so much more about emotional regulation than anything or at least it's one of the biggest parts of it. and we all fall victim to it at times as well. I think you are in a good spot if a good or bad trade doesn't affect the way you treat others or really affect your personal life so much
a few other random thoughts, i do keep a ton of cash on hand at all time. likely more than i should which sometimes leaves me under-allocated but when things shit the bed it also gives me good opportunities to make a lot and return the cash. It is my defense, imagine playing soccer without a goalie, or hockey without defenseman. trading is a two way game. offense and defense. both need to be good. too many people are offense only and high stakes. but i also have a pretty complex portfolio setup by design which has it's pros and cons
you just have to accept that you are going to lose sometimes. its about being a good loser though, and knowing when you are wrong on something quickly
Not enough people are talking about physical AI and robotics.
I sat down with @rewkang, one of the best investors of the last decade, to discuss his massive bet on humanoids and robotics.
He breaks down the industry, the addressable market, multiple leading companies, and why he launched a publicly-traded fund ($BOT) focused on investing in the top private robotics companies.
YouTube: https://t.co/aBFxTzP2Kg
Apple: https://t.co/9KnbfWL6Wv
Spotify: https://t.co/ZVRprV7bdT
TIMESTAMPS:
0:00 - Intro
1:28 - Why Andrew shifted from crypto to humanoid robots
3:58 - How big is the total addressable market?
8:08 - Building conviction — the $19M bet on Figure AI
16:06 - US vs. China — who wins the robot race?
28:08 - General purpose vs. specialized robots
31:05 - Where does training data come from?
40:24 - Humanoid robots in your everyday life
43:27 - Can Tesla & Elon win the humanoid race?
46:19 - Job displacement & UBI
51:15 - RoboStrategy — the publicly traded venture fund
1:11:17 - What is exciting about Apptronik?
1:13:24 - Addressing the critics
Founder of lululemon on what he'd tell every 25 year old:
"I'd tell them that every person in the world is an individual with a different genetic makeup and a different upbringing and the way that you're thinking is so radically different than every other person in the world and incomparable that if you have an idea and you want to move forward with it, don't worry so much about the competition because nobody will be able to replicate you and the way you think about it."
I’m convinced that no matter how you choose to live, people will tell you that you’re doing it wrong. Wrong priorities. Wrong work. Wrong relationships. Wrong whatever. Your entire life will change the moment you learn to smile, nod, and ignore every single one of them.
If you ever make life-changing money — whether from betting, crypto, forex, or anywhere else — actually change your life with it. Don’t get comfortable thinking the same wave that lifted you can’t pull you back under. The market that made you can unmake you just as fast. Lock in your wins, protect what you’ve built and never mistake a good run for invincibility.
Signs of having Aura:
1. You do whatever the f*ck you want
2. You optimize for freedom, not money
3. Randoms on social media love you for being yourself
4. You're optimistic even when there's no reason to be
5. You back people even when there's no reason to
6. You speak from experience, not theory
7. You're delusional about your goals
8. You act like a leader
9. You get rejected/fail