Over the course of a lifetime, we face only a few moments where the decisions we make and the actions we take will shape our history for years to come. This is one of them.
1/10 I’m becoming more and more concerned by how the market resembles 1972, when the Nifty 50 one-decision growth stocks, heavily-weighted in the averages, went up but almost nothing else did. Because that one didn’t end well at all.
You don’t have a lot of envy.
You don’t have a lot of resentment.
You don’t overspend your income.
You stay cheerful in spite of your troubles.
You deal with reliable people.
And you do what you’re supposed to do.
-Charlie Munger on the secrets to a happy life.
We have long known that children who become seriously ill with certain respiratory viruses such as respiratory syncytial virus (RSV) are at elevated risk of developing asthma later in life. What we haven't known is why. 1/
In an early diary, Einstein noted the most permanent force in the universe is a black hole
The 2nd most permanent force, he noted, is the twitter confidence of a 1st cycle trader
I'm not sure I've ever seen a company owner destroy a product's basic functionality as quickly as Musk has done with Twitter. I find it borderline useless as a fast news service these days and my feed is full of tweets from people I don't follow.