1/ threads about how to think different L1 as countries or cities, and use to predict the likely winners?
think about how US as a country become rich, the past 50 years or so, since WW 2.
what would be the major reasons?
3 major things:
Energy, Culture + Law
interesting essay on 'how to ride your brain' by @vgr and having fun with chat conversing back and forth about it:
https://t.co/QUyk27DCRf
https://t.co/i2jxlzbTdp
🇺🇸 James Talarico arguing that Democrats need to refrain from going after Trump after the midterms:
"The American people cannot wait two years for change. So we must work with President Trump.
If President Trump wants the same plaques and portraits and busts as LBJ, we can help make that a reality.
We should make the final two years of his presidency the most productive of any presidency in American history."
Writer: Mhedi
I think it’s time to revisit the accredited investor laws in the US.
Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.
These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!
We have to judge policies based on their outcomes, not on their intentions.
These are two possible routes I see:
1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.
2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.
it's OK, its worth it and part of the game.
The thing many people miss, is that those who didn't make it actually indirectly contributed to the success of the companies 'who are in the power law', without those companies failures then there would not be 'power law' companies.
Venture has always been a power law - a handful of companies drive most of the returns. Startups are super tough. And yet most founders I know would do it all over again. The highs are as high as the lows are low.
It is actually kind of the other way around, he owns her.
Most of the time I don’t align with big G, but he actually commands the narrative and interview.
People just nonstop gas lighting people.
Shannon Bream just utterly DISMANTLED Socialist NYC Mayor Zohran Mamdani on Fox News.
Free buses? FAILED.
$32 minimum wage? FAILED.
Defunding the NYPD? FAILED.
Socialism always collapses the second it hits reality.