Rob

Sharing learnings and ideas.

[Rob @linrkr]

Keep your burn rate low so you can have high optionality.

More options -> more chances -> more likely to attain goal

[Rob @linrkr]

The obsession with money is the ultimate psyop.

[Rob @linrkr]

I think it’s more like the criminals naturally moved to other places by themselves once it got harder for them to survive and do business. Many criminals from Europe moved to the Americas, and many criminals from China just moved to Southeast Asia. In fact, so many of China’s criminals moved to SEA that there’s a stereotype of them being in illegal businesses.

[Rob @linrkr]

@EliBenSasson Unsure about that because cryptocurrencies get advantages from network effects unlike browsers.

[Rob @linrkr]

Hedge more than what you think is needed. Speculate less than what you truly desire.

[Rob @linrkr]

@BowTiedBull Probably same thing happens to software products too as they become commoditized by AI. But it’ll create smaller firms and more sovereign individuals as predicted by the book.

[Rob @linrkr]

Lots of people are going to be on UBI binge watching and gambling at home.

[Rob @linrkr]

Don’t chase hype. Large holders will eventually rebalance for risk management.

[Rob @linrkr]

Success is mostly about maximizing exposure to high-quality randomness while building the capacity and courage to exploit it.

[Rob @linrkr]

Don't focus on predicting future events. Focus on being prepared for whatever comes.

[Rob @linrkr]

The crucial key to wisdom is reflection. Always be reflecting - ABF.

[Rob @linrkr]

How someone sees the world says more about them than the world.

[Rob @linrkr]

How they treat strangers is how they’ll treat you when the incentives to treat you differently are no longer there.

[Rob @linrkr]

We decide emotionally and justify logically.

[Rob @linrkr]

Parabolic rises are unsustainable because it’s easy for existing holders to sell but hard to convince new people to buy.

[Rob @linrkr]

Sell when any of the below happens:
1) peak euphoria
2) bull case event occured
3) becomes too big of portfolio

[Rob @linrkr]

Best time to buy is during peak fear/disinterest in the whole sector.

Best time to sell is during peak euphoria/interest in the subsector.

[Rob @linrkr]

The masses will never be satisfied because they will always want what they don’t have.