Oscar

Finance, decoded one legend at a time

[Oscar @OscarDi51]

https://t.co/Gw3LHBGqwE

[Oscar @OscarDi51]

@0xNorri being right too early feeling exactly like being wrong might be the most painful truth in all of investing

[Oscar @OscarDi51]

A man turned one million into over ten billion by openly copying other investors and refusing to have a single original idea

His name is Mohnish Pabrai and he walked into Boston College and told the whole room his secret out loud

He does not research. He does not predict. He shamelessly clones the best bets of the greatest investors alive and just sits on his hands

His rule is four words. Heads I win, tails I do not lose much. He only bets when the downside is tiny and the upside is enormous, then does nothing for years

He says the market pays you for patience, not effort, and almost everyone gets that backwards their entire life

Two hours of a self made near billionaire explaining a method a teenager could copy, free

A hundred thousand watched it. Almost none of them could sit still long enough to use it ↓

[Oscar @OscarDi51]

@0xkumaa classic prisoners dilemma and it never stops being wild to watch play out

[Oscar @OscarDi51]

A psychologist who never took a single finance class won the Nobel Prize in economics, then sat in a room at Google and explained why your own mind quietly sabotages every money decision you make

His name is Daniel Kahneman. He proved that humans are not the rational calculators economics assumed for two hundred years, and that one discovery rewired how the whole field thinks about money

His core finding is brutal in its simplicity. Losing stings about twice as hard as winning feels good. So you sell your winners too early, ride your losers into the ground, and refuse bets that are tilted in your favor, all to avoid a pain that is bigger in your head than in reality

He calls it loss aversion, and once he names it you start seeing it in every bad money move you have ever made

The reason this matters is that the entire industry is built on it. Every fee, every warranty, every panic sell at the bottom is someone charging you for a fear your own brain manufactured

He is not teaching you to beat the market. He is teaching you to stop being robbed by yourself

The talk is an hour. Over two million people have watched a Nobel laureate hand them the map of their own blind spots

Almost none of them caught themselves doing it the very next day ↓

[Oscar @OscarDi51]

@ninamac0 ceos being scared of a guy buying stock tells u everything about how broken corporate governance is

[Oscar @OscarDi51]

@0xAidanAi lol

[Oscar @OscarDi51]

Warren Buffett once said when a certain man's memo lands in his inbox it is the first thing he opens and reads before anything else

That man is Howard Marks. He runs over a hundred billion dollars and the most powerful investor alive drops everything to read his notes, yet almost nobody outside finance knows his name

Here he is at Wharton for nearly an hour laying out the one idea that made him

Most people obsess over being right. He built a fortune on something else entirely, knowing where you are in the cycle. When everyone is greedy you get careful, when everyone is terrified you buy

He says you cannot predict the future but you can absolutely know when the crowd has gone insane, and that alone is enough

Fifty four minutes from the man whose memos Buffett reads first, free

The people who needed this most scrolled right past it ↓

[Oscar @OscarDi51]

@0xAidanAi you don't understand

[Oscar @OscarDi51]

@0xAidanAi he never says sell everything at the top. he says get careful, hold more cash, stop taking dumb risk. thats survivable even if ur early

[Oscar @OscarDi51]

@0xAidanAi thats the point tho, marks isnt saying predict the top. hes saying when everyone around u is euphoric thats the signal itself lol

[Oscar @OscarDi51]

@ninamac0 way harder than it reads👍

[Oscar @OscarDi51]

@adamgrag yeah thats the whole thing right there🫡

[Oscar @OscarDi51]

@ninamac0 @0xAidanAi @adamgrag 🤣🤣🤣

[Oscar @OscarDi51]

@ninamac0 read the black swan years ago and still think about it way too much

[Oscar @OscarDi51]

@0xNorri everyone thinks they need a secret when they just need to sit still

[Oscar @OscarDi51]

@0xNorri @0xkumaa +

[Oscar @OscarDi51]

@0xkumaa Everything is getting better and better now under people's noses, lol

[Oscar @OscarDi51]

A man predicted two of the biggest crashes in history before they happened, then put the entire Yale course that explains how on YouTube for free, and almost nobody finished it

His name is Robert Shiller. He called the dot-com bubble in 2000 and the housing collapse in 2008 while the whole industry laughed, then won the Nobel Prize for being right

Yale students pay two hundred thousand dollars to sit in his room. You can watch the exact same lecture tonight for nothing

And he opens it with a question that stops you cold. Is studying finance even moral

Then he takes the thing you were taught to hate and turns it inside out. Finance and insurance are not greed. They are the only reason an ordinary person can own a home before sixty, or survive one accident without losing everything. The risk gets spread across strangers so no single life gets wiped out

The lesson underneath is the one school never says. The system was never rigged against you. You were just never handed the manual

He hands it over here, one hour and fourteen minutes, the full first lecture

Nearly four hundred thousand people opened it. Almost none of them made it to lecture two ↓

[Oscar @OscarDi51]

@ninamac0 That's why I'm furious at the new respect

[Oscar @OscarDi51]

@0xAidanAi lol I literally have the same thoughts