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2 things I learned today.
1. Lynne Cox was the first person to swim the from the United States to the Soviet Union in the Berring Strait.
2. It took her 2 hours and 5 minutes and the water temperature was 39 degrees.
#2tilt
2 things i learned today.
1. doing sprints (racing) your 7 y/o after 3 slices of pizza results in a short term win.
2. the obstacle is the way. @RyanHoliday#2tilt
@patrick_oshag has started listing two things he learns ev day. Here I go.
1. It’s est that just 7% of current borrowers have debts in excess of $100k which is just 1% of the adult pop in the U.S. @awealthofcs
2. The avg student loan balance / college grad is $17k
#2tilt
New @SHO_Billions tradition. Watch episode Sunday night, listen @BillSimmons & @akdobbins discuss on the recappables pod, then rewatch again Monday to see what I missed.
I am speaking tonight to a group of #genz students at @SCSTATE1896 with @CoachM_Garvin. As usual @morganhousel from @collabfund nails his analysis.
"Without leaving your cell phone you’ve become more cultured than some of the worldliest travelers of previous generations."
Perspective helps. The US Stock market has been on quite a run and @michaelbatnick does a good job of illustrating how far back certain corrections would take us.
https://t.co/GsZzN9SSCl
A 20% decline would only take us back to December 2016, after the post-election run up.
A 35% decline takes the S&P 500 back to February 2016 lows.
@profgalloway has become one of my favorite follows in 2017. He is not afraid to put his thoughts out there. He does so bluntly by putting out his predictions for 2018 and takes inventory of his predictions of 2017. Certainly an interesting 7 min. https://t.co/Y7BRVf6Mbr
I spoke to a group of high school seniors yesterday and one of the talking points was intelcompounding. This thread does 10x in explaining https://t.co/mEKVw9vHSG
1/ There's a concept known as financial compounding, but most people don't know about intellectual compounding. Buffett and Munger employed this to great effect and to accumulate mental models such that they can make large decisions quickly. Intuition is simply reading a lot.