Devin Booker speaks on what it took to get where he is
“Up early before school training, after school training…Sacrificing being a regular kid…if I could do it over would do it a million times”
Love this
Gentle parenting is high-time-preference parenting: you avoid doing the necessary unpopular things today so you can avoid confrontation & be lazy & loved, at the cost of your child's future happiness, health, and success.
Nothing good is easy; suck it up & put your foot down.
BREAKING: Nancy Pelosi disclosed roughly $69 million in new stock transactions, highlighted by a $50 million sale of Apple, $AAPL.
Notable sales:
•$50M of Apple, $AAPL
•$5M of Nvidia, $NVDA
•$5M of Disney, $DIS
New call option purchases (LEAPS):
•$500K in Alphabet, $GOOGL
•$500K in Amazon, $AMZN
•$500K in Apple, $AAPL
•$250K in Nvidia, $NVDA
Today, NYSE is proud to announce the development of a platform for trading and on-chain settlement of tokenized securities.
NYSE’s new digital platform will enable tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding. Its design combines the NYSE���s cutting-edge Pillar matching engine with blockchain-based post-trade systems.
Learn more: https://t.co/gknK3viIyp
Matt Damon and Ben Affleck on Rogan taking about how Netflix has changed filmmaking.
“you re-iterate the plot 3-4x in the dialogue because people are on their phones.”
Most people have never heard of the Cantillon Effect.
But once you understand it, you’ll see the world of investing differently.
What is it?
In the early 1700s, Richard Cantillon noticed a simple pattern:
When new money enters an economy, it doesn’t reach everyone at once.
And whoever gets it first benefits the most.
Here’s how it works today:
New liquidity enters through the Fed and through bank lending.
Both follow a similar pattern:
→ Markets and large balance sheets get first access
→ Large corporations and well-connected borrowers tap cheap credit next, they invest and expand at today’s prices
→ Asset prices tend to rise as new liquidity chases finite assets
→ Consumer prices often follow
→ Wages rise last, usually after purchasing power has already declined
Fed data shows how lopsided the playing field is:
- The top 10% hold nearly 90% of equities.
- The bottom 50% holds about 1%.
It’s a simple but powerful monetary transmission.
Understanding this won’t change the system.
But it might change how you think about where to store your savings.
For those of you who don't know, I write all about topics like this every week in The Informationist. Last week, we dove deep on this one.
Link in bio if you want to read the full explanation.
After a certain age, your parents slowly become your children.
They ask simple questions, repeat stories, and depend on your patience the way you once depended on theirs. Very few understand this role reversal. What looks like innocence or inconvenience is really time coming full circle. Don’t correct them harshly. Don’t rush them. Care for them the way they once protected you. This is not a burden. It is repayment, quietly wrapped as love.