We need to allow the little guy to compete with the big guy. David versus Goliath. Let David have a shot. Give him the slingshot. Give him a rock and let him get to work.
Every great investor comes up with one important big idea in their career. The investor spends decades trying to express this big idea over and over again in a variety of ways.
There's a brand new industrial revolution. We are going to commoditize intelligence, and then we are going to push it into every corner of the economy, into every company, and into the hands of billions of people globally.
We live in a world where everything is fake. The money's fake, the bonds are fake, the photos on Instagram are fake, and the food is even becoming fake.
Welcome to the new world of business and finance. The winners are worth way more than you thought. And the losers become irrelevant faster than you thought possible.
Every credit card company in the world, counterintuitively, is incentivized to figure out how to get the lowest rate to their customer, not the highest rate. The more they have to charge, the harder it is for them to get customers.
If you're sitting on the sidelines, you're likely to miss out on major gains β and to end up with your capital in businesses that are at risk of being disrupted by the very technology you opted out of investing in.
There's one restaurant on an intersection, and they get some traffic. Most people think if a second restaurant shows up on the intersection, their business will be cannibalized. Actually, both businesses rise.
If you want to bet on the national debt pulling a U-turn, be my guest. That will never happen in our lifetime. Position yourself to benefit rather than be punished by the corresponding dollar debasement.
If you want to build wealth, you got to have concentration. But once you get wealth, you better be smart enough to protect it. And that's where you can start to get some diversification.
Regardless of how stupid the economic policies of our leadership are, Bitcoin keeps winning. In a weird way, the crazier the economic policies of leaders, the more Bitcoin will benefit people.
It doesn't matter where you come from. Somebody somewhere is trying to take your spot in the world. They're trying to take down your company. They're trying to build a better product and they're coming for your customers.
Whoever controls synthetic superhuman intelligence, they are going to print trillions and trillions of dollars. And they also are going to enforce the values of whatever their worldview is.
There's an entire generation β call it the volatility generation. They understand that you need volatility in your portfolio in order to protect yourself.