John Fithian

Decentralize your life.

[John Fithian @JohnLuke92]

@nic_carter Look who is our president, and stop being such a nancy.

The only thing remaining to see is what he does if he gets into the swamp.

My money is on him becoming a swamp creature like the rest of them.

[John Fithian @JohnLuke92]

@DavidSacks @chamath @theallinpod This guy sounds like a bitch who can’t make a decision

Either go single income or don’t, it’s not that complicated.

Either you make enough money and own your family or you don’t.

It’s all up to your own comfort zone.

Stop complaining.

[John Fithian @JohnLuke92]

@VladTheInflator This is such an uneducated and jealous opinion. Did a firefighter steal your girl? Where is this coming from?

[John Fithian @JohnLuke92]

@brent_shavnore @Geiger_Capital We put men on the moon with the full weight of the federal government, in the context of an existential threat.

A bridge in Baltimore is not an existential danger.

[John Fithian @JohnLuke92]

@RichardHanania A naive take from a man with soft hands

[John Fithian @JohnLuke92]

@TaraBull808 Traveling Millwright. Building a Honda plant in Ohio right now. Making 3k a week, but I have to work 60 hours a week and per diem is a 1/3 of my income.

[John Fithian @JohnLuke92]

@D3NNIZZZ @nikitabier As an electrician?

[George Mack @george__mack]

How to spot high agency people:

1. Weird teenage hobbies - Teenage years are the hardest time to go against social pressures. If they can go against the crowd as a teenager, they can go against the crowd as an adult.

2. Golden question - If you're in a 3rd world prison cell and had to call someone to get you out, who would you call? That's the highest agency person you know.

3. You can never guess their opinions - The boxer that writes poetry. The advertiser obsessed with the history of war. The beauty queen who reads Nietzsche. If their beliefs don't line up with their stereotypes, they've exercised agency.

4. Immigrant mentality - If they've moved from their hometown, that's a good sign. If they've moved from their home country, that's an even greater sign.

It takes agency to spot you're in the wrong place, resourcefulness to operationalise a move and a growth mindset to start from zero in a new location.

5. They send you niche content - Low agency people look at the social engagement of content before deeming its quality. High agency people just look at the content. They spot upcoming creators very early.

6. Mean to your face but nice behind your back - The social incentives are to be nice to people's faces and gossip behind their backs. To do the opposite requires agency because they're swimming against the social tide.

[Wall Street Mav @WallStreetMav]

Banks in 2008 vs 2023 what’s the difference?

Robin Williams explains it all 🤣

🔊

[John Fithian @JohnLuke92]

Bitcoin can solve this, Monero does solve this. @ODELL thought you might find this interesting

[10-K Diver @10kdiver]

1/

Get a cup of coffee.

In this thread, I'll walk you through "Gambler's Ruin".

This is a classic exercise in probability theory.

But going beyond the math, this exercise can teach us a lot about life, business, and investing.

[Will Spencer @willspencer]

The Sexual Revolution lied to men and women.

Here are the worst consequences.

1. Casual sex is difficult to stop.

🧵

[Quartr @Quartr_App]

Yesterday Howard Marks released another incredible memo called "Sea Change", mainly about low vs. high interest rates.

In this thread we have curated our 15 favorite parts from it. Let's go 🧵

1. Even the best companies in the world can be terrible investments if you overpay:

[Andrew M. Bailey @resistancemoney]

My top four favorite peer-reviewed academic articles on bitcoin:

- Is bitcoin money? And what that means (Hazlett and Luther)
- Bitcoin’s Academic Pedigree (Narayanan and Clark)
- Synthetic commodity money (Selgin)
- What is bitcoin? (Warmke)

PDFs below. What are yours? Share!

[Compounding Quality @QCompounding]

Abraham Lincoln's letter to his son's teacher:

[John Fithian @JohnLuke92]

@RobertWeekley7 @engineers_feed Who do you wind for?

Millwright here, work for O'Connor/Mitsubishi right now.

[Compounding Quality @QCompounding]

The difference between a business analyst and security analyst according to Charlie Munger:

[Thomas Fahrer @thomas_fahrer]

#Bitcoin Core 24.0 was just released.

This one comes with a lot of controversy.

A new feature effecting big industry players, the networks scalability and security.

I'm talking about the mempoolfullrbf configuration option.

Let me break it down as simply as I can. 🧵 👇

[Lyn Alden @LynAldenContact]

People who own bitcoin, but haven't taken the time to self-custody some of it, move it around globally peer-to-peer, and see how it works...

I suggest they either *sell it*, or experiment with those activities.

[Casey Donaldson @caseyjdonaldson]

Carl Icahn paid his way through college by playing poker with the owners of the country club he worked at. After the first week, he lost his entire paycheck. Two weeks later, things changed.

Carl Icahn manages $20 billion for Icahn Capital Management.

His top 5 positions: