Maybe I could say I bought $ABCL at 3$ and sold it for 3x the money, thinking I was a genius while I was a creep.
But I may be able to say I bought $NAUT at 1$.
Lucky I don’t want to sell that huh.
That’s why you want not debt, high margin and moatistic companies.
I believe my $OSCR, $ZETA, $HIMS or $DUOL thesis are all driven by an ideology of pragmatism.
One of the hardest investing years, at least for me, as we are barely flat.
And it’s been very hard for many investors since 2021, which was the peak for many great companies.
I also know a handful of great investors who are struggling this year — down 20 or even 30 percent YTD — and have struggled for years now.
A third of the index has been decimated!
Be Joe Rogan:
> Born in Newark, New Jersey, in 1967
> Parents divorce when you’re five
> Lose contact with your father at seven
> Move from New Jersey to California to Florida to Massachusetts
> Grow up scared of getting beaten up and terrified of becoming a loser
> Find martial arts
> Discover something you can get good at by putting in the work
> Become a four-time Massachusetts taekwondo champion
> Your friends think you’re funny
> They tell you to try stand-up
> Spend six months preparing for your first set
> Finally get onstage at a Boston open mic in 1988
> Nearly chicken out
> You can fight people, but telling jokes in front of them is apparently terrifying
> Start chasing comedy anyway
> Deliver newspapers
> Drive a limousine
> Work construction
> Teach martial arts
> Keep working on the act
> Head to New York in 1990
> Stay with your grandfather in Newark for the first six months while scraping together money
> Move to Los Angeles in 1994
> Land a sitcom called Hardball
> It gets canceled
> Land NewsRadio
> Finally have a steady television paycheck
> Keep doing stand-up
> Get hired to host Fear Factor
> Become nationally recognizable for watching people make terrible dietary decisions
> Turn your love of martial arts into a UFC commentary career
> Comedy, fighting, television
> A pretty good career already
> Then, at 42, start a podcast
> Christmas Eve, 2009
> Sit down with Brian Redban and start broadcasting online
> Spend part of the first episode figuring out the equipment
> There are animated snowflakes on the screen
> This is the beginning of your future media empire
> Keep talking
> Bring on comedians, fighters, scientists and people with very elaborate theories about aliens
> Let conversations run for hours
> Build an audience that comes back for the next one
> Sign with Spotify in 2020
> Renew in 2024 and expand distribution back across other platforms
> Presidential candidates start showing up for interviews
> The guy from Fear Factor has become a campaign stop
> October 2026
> Renew your Spotify partnership on terms reportedly worth around $250 million
> Keep the show available on competing platforms
> Keep editorial control
> More than 18 million followers on Spotify
> More than 21 million on YouTube
> Thirty-eight years after nearly backing out of your first open mic
Hell of an overnight success!
Very important information about my latest $NAUT bet
It's a small bet, because the financial risk is LARGE
But odds of a tail-end kind of return are appealing enough to me
BREAKING: 🇺🇸 US 30-year bond yield just hit 5.7% for the first time since 2002.
Back then, inflation was only 1.2%, the Fed funds rate was 1.75%, and the stock market was already in a crash, about 40% below its peak.
Today inflation is almost 3 times higher at 3.4%, and stock market is at all time high.
BOMBAZO: Elliot Hill, presidente y director ejecutivo (CEO) de Nike, acaba de declarar que la compañía dejará atrás su época WOKE. "Es momento de regresar a nuestras raíces". 🇺🇸