“Give my car to Johnny Dogs,
My wine to The Garrison pub,
My horses to someone who's no work for them,
My bullets to someone who's no names to write on them,
And my guns to someone who has no use for them.
Once, I nearly got fucking everything, but nearly doesn't count.
But throughout it all, I had me family.
We are reunited now, in whichever place will have us.
Burn my body, let the ash blow.”
My Advice for those entering Adulthood:
1. Focus your Energy
2. Guard your Time
3. Train your Mind
4. Train your Body
5. Think for Yourself
6. Curate your Friends
7. Curate your Environment
8. Keep your Promises
9. Stay Cheerful & Constructive
10. Upgrade the World
Good Luck!
I see this on Twitter basically every day
Person A "You should not buy $SCHD, it has done worse than $VOO over an arbitrary period of time"
Person B "Ok, I learned my lesson, I will buy $VOO from now on"
Person C "You should not buy $VOO, it has done worse than $QQQ"
Person B " Ok, I learned my lesson, I will buy $QQQ from now on"
Person D "You should not buy $QQQ, it has done worse than Bitcoin over an arbitrary period of time"
Person B " Ok, I learned my lesson, I will buy bitcoin from now on"
Person E " You should not buy Bitcoin, you should buy fartcoin/cumrocket/pizza hut etc"
Person B " Ok, I learned my lesson, I will buy that from now on"
Lesson: There will always be something that did better than something else over an arbitrary period of time.
Don't be like Person B
If you change your approach every time you stumble upon something that did better over an arbitrary period of time, and you are unable to stay put for any time, you'd never make money
Every single approach, investment, investor goes through "hot" and "cold" phases. It's the nature of the investment game.
You make good returns over time by sticking to the strategy through the ups and downs, thick or thin. If you jump at the first sign of "trouble", you risk consistently buying high, selling low... You are rewarded by sticking through the tough parts.
Kind of like how trying to avoid the worst days in the market ends up costing you missing out on the best days in the markets...
Hey @grok who was the most famous person to visit my profile in the last 3 years? It doesnt need to be a mutual, don’t tag them, just say who it was using handle without the @ sign.
Your dad dies before you’re born. Your mom can’t afford to take care of you. You grow up without a family and in an institution. You learn a trade and start working full time at the age of 14. You work all day and go to school at night. You’re precise, meticulous, restless, and work circles around everyone. You’re promoted to run the factory at 18 but the thought of working for anyone else terrifies you. For your entire life you’ll be obsessed with control. You’ll do whatever it takes to escape the harshness of poverty and the pangs of hunger. You organize your life around a simple principle: "I want to be the best at everything I do.” You start your own workshop, create the best product, and your biggest customer wants to become your partner. They underestimate you and abuse you. You destroy them. You take all of their customers. You’re not satisfied with being a subcontractor. You want everything. You make your own glasses, you buy your distributor, you list your company on the New York Stock Exchange, you complete hostile takeovers of much larger companies, you buy entire retail chains, and control everything about your product: from the raw materials to the relationship with the customer. Your competitors call you the hawk because you circle, wait, and then strike. You work 20 hours a day and fuse yourself with the factory. You get married four times, to three different women, and have six kids. You don’t look back, you don’t rest on your laurels, and you don’t go to sleep on wins. You make something great, then you do it again. Your biggest deal comes 60 years into your career. The only thing that could stop you was death.
You are Leonardo Del Vecchio.
A new episode is available now: #394 An Orphan Who Built An Empire: Leonardo Del Vecchio and the Founding of Luxottica