Personal finance is 80% discipline and 20% math
Health is 80% nutrition and 20% exercise
Good communication is 80% listening and 20% talking
Intelligence is 80% comprehension and 20% reading
Success is 80% working and 20% goals
Happiness is 80% appreciation and 20% purpose
In 1905, Einstein published 4 papers, each enough to revolutionize science:
1. Light is a particle (Nobel prize)
2. Brownian motion
3. Special relativity: speed of light is fixed
4. Energy and matter are same: e=mc^2
One person can change the world. This gives me hope.
Instagram is launching a small global test where users can choose whether to hide like counts on their own posts or other people’s posts, a Facebook spokeswoman said. Read more here: https://t.co/TaDPnRfmSq $FB
According to @elonmusk "Bitcoin is almost as BS as fiat money." So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It's real money and better than both!
The Fed's balance sheet reached a record $7.56 trillion this wk. "The size of the balance sheet is going to continue to grow," just at a slower pace: BlackRock's Miller via @bsurveillance. Tapering will happen slowly, w/the Fed cutting purchases by $10 billion a month over a year
Congratulations to Sir Roger Penrose for winning the 2020 Nobel Prize in Physics. Spending time with Roger at Oxford earlier this year was one of the most memorable experiences of my life. Here's our conversation: https://t.co/aMxmqx5jk7
BREAKING NEWS:
The Royal Swedish Academy of Sciences has decided to award the 2020 #NobelPrize in Physics with one half to Roger Penrose and the other half jointly to Reinhard Genzel and Andrea Ghez.
I have a graduate law degree in taxation, was tax counsel to world's largest bank. So, maybe I know more about taxes than the NYTimes. In real estate, gains are deferred until you sell the building. Expenses are current, (depreciation, interest, fees). So, tax losses are normal.
Easy come, easy go. More than $1T has left big tech stocks over the last two weeks.. Druckenmiller, Greenspan and others have moved into the inflation risk camp, an empty meadow has a lot more patrons out for a walk in the midday sun.