Paul Gray

Director at Hedge Fund Association | Partner at Ironhold Capital Management

[Paul Gray @paul_jgray]

@sharexyz @HyperliquidX @Polymarket @Outcomexyz Letsgoooooo!! 🚀🚀

[Share @sharexyz]

Meet Share, the trading app for Hyperliquid HIP-4.

Trade across @HyperliquidX + @Polymarket, get the best price, and save up to 100× on Polymarket fees.

0% Share fees. Earn points and compete for $1M in @Outcomexyz rewards.

[Paul Gray @paul_jgray]

@GSpier @vitaliyk You got this Guy 👊🏻👊🏻

[Paul Gray @paul_jgray]

Great podcast.

[Patrick OShaughnessy @patrick_oshag]

Only @davidsenra could get me to be on the other side of the mic. Because I don't plan on being interviewed often, I wanted to share this conversation, which I so enjoyed, with our audience.

It went in a very different direction than I expected. We barely talk about investing or interviewing. Instead, we talk about finding an organizing principle for life, undiscovered talent, and the idea that "the reward for good work is more work."

We also discuss the principles that guide how I think about building Invest Like the Best, Colossus, and Positive Sum.

This conversation was originally recorded and released on @davidsenra, and I wanted to share it on the @InvestLikeBest feed as well. Please go follow what he's doing, there's no one like David.

Enjoy!

Timestamps:
0:00 Championing Undiscovered Talent
5:07 The Upanishads Passage
8:34 Growth Without Goals Philosophy
10:40 Why Media and Investing Are the Same Thing
31:04 The Daniel Ek Dinner
39:11 The Privilege of a Lifetime Is Being Who You Are
53:21 Clean Fuel vs Dirty Fuel
57:03 Professional Learners: The Unfair Advantage of Podcasting
1:00:18 Relationships Run the World
1:06:30 The Origin Story of Invest Like the Best
1:08:05 Building Colossus
1:23:40 Learn, Build, Share, Repeat
1:30:07 How Reading Books Led to Everything
1:37:13 Finding Your Superpower
1:46:02 Life's Work
1:49:51 What Matters Most
1:59:48 The Kindest Thing

[Paul Gray @paul_jgray]

🚨 Join Iron100 — the private investor group of the global investment firm Ironhold Capital.

Iron100 is a private community of #investors committed to creating value, together.

👉 Visit https://t.co/SDDViG0YnO today.

#Wealth

[Paul Gray @paul_jgray]

Disturbing but true —

Over the past 30 years, the American Dollar has lost roughly 53% of its purchasing power.

This is why I would encourage anyone, no matter which stage of life they're in, to take investing seriously.

#investing

[Paul Gray @paul_jgray]

In my view — its a necessity, just as food, water, exercise + goods relationships are to maintaining a healthy lifestyle.

For what you do today, will have profound effects on your family tomorrow.

Invest seriously and responsibly.

#equities

[Paul Gray @paul_jgray]

The following chart shows the correlation between the S&P 500 index and earnings for the last 125 years. #stockmarket

[Paul Gray @paul_jgray]

📊 Fun Fact: 125 Years of Stock Market history shows ——

Stocks and company earnings move together roughly ~98% of the time.

Therefore ——

• Short-term performance? Just noise.
• Long-term performance? Only profits matter.

[Paul Gray @paul_jgray]

🚨 Join Iron100 — the private investor group of the global investment firm Ironhold Capital.

Iron100 is a private community of #investors committed to creating value, together.

👉 Visit https://t.co/SDDViG0YnO today.

[Paul Gray @paul_jgray]

#investing #equities

[Paul Gray @paul_jgray]

@nvidia's market cap now eclipses every global stock market outside #Japan.

And the Magnificent 7 U.S. tech giants? ——

Their combined value surpasses the entire stock markets of #China + #UK + #Canada + #Taiwan + #France + #Germany + #India.

[Paul Gray @paul_jgray]

Congrats to all those who ran the New York Marathon this weekend. #NYC

[Paul Gray @paul_jgray]

The new ⁦@jpmorgan⁩ tower has to be one of the most beautiful buildings I’ve ever seen. #nyc

[Paul Gray @paul_jgray]

Source: CSPAN - https://t.co/EpYHpR9ovv

[Paul Gray @paul_jgray]

“About once every two years the market falls 10%. Every six years the market’s going to have a 25% decline. That’s all you need to know. You need to know that the market’s going to go down sometimes. If you’re not ready for that, you shouldn’t own stocks.”

#investing

[Paul Gray @paul_jgray]

The Fed however is in a difficult situation given the recent headlines regarding mass layoffs at dozens of firms nationwide.

I would be curious to see if Jerome Powell discusses artificial intelligence today and its likely impact on the labor sector in the years to come.

[Paul Gray @paul_jgray]

What will the FED do today? #interestrates #inflation #jobmarket

[Paul Gray @paul_jgray]

Current headline inflation rate is widely reported at 3-4%. But the everyday consumer knows a different story.

The price of a dozen eggs is still up roughly 158% over the last 5 years along with a number of other widely purchased commodity items.