Razio

finance | history | numbers

[Razio @RazioFI]

4 Pillars that STILL build a Better $$$ Future https://t.co/uJQb0LaetU

[Razio @RazioFI]

@CashTra1l 20 years later, the lesson still works: stop accepting “that’s just how it works” as an answer.

[Razio @RazioFI]

@mindfooljungle This is why I like Lynch. He made investing feel less like Wall Street and more like paying attention to what's happening around you.

[mindfool @mindfooljungle]

https://t.co/m3zVzr83c6

[Razio @RazioFI]

People notice a tax increase immediately. Inflation and debt can make the cost much less obvious.

[Razio @RazioFI]

Milton Friedman had a brutal way of looking at taxes:

Don’t look at the tax rate. Look at what government spends.

That’s the number that actually has to be paid.

Every dollar government spends ultimately has to come from somewhere:

• Taxes you can see
• Inflation you feel
• Debt that creates future obligations

Here’s the trick:
Cut the visible tax rate while keeping spending unchanged?

You didn’t make the bill disappear.

You just moved it.

The government can collect the money today through taxes.

Or finance it through borrowing.

Or, when spending is financed by money creation, impose the cost through inflation.

Different mechanisms.

Same underlying question:

Who pays for the spending?

That’s why Friedman argued that the real cost of government is measured by what it spends—not simply by the taxes listed on your paycheck or tax return.

The visible tax is the one you can see.

The hidden tax is the one you notice later.

So when someone promises:

“We’ll cut your taxes!”

The next question should be:

“And what happens to spending?”

Because if spending doesn’t fall, the bill hasn’t necessarily disappeared.

It may just be sitting in another column.

[Razio @RazioFI]

4 Pillars that STILL build a Better $$$ Future https://t.co/uJQb0LaetU

[Razio @RazioFI]

4 Pillars that STILL build a Better $$$ Future https://t.co/uJQb0LaetU

[The Assembly @InTheAssembly]

Peter Lynch explaining how to actually invest.

He returned 29% a year for 13 years at Fidelity.

I don’t care what you’re doing today, but watch this.

[Razio @RazioFI]

@InTheAssembly 29% annually for 13 years. Maybe worth 10 minutes of your attention.

[Razio @RazioFI]

@CryptoNobler unexpectedly expected

[Razio @RazioFI]

@mindfooljungle This should honestly be required viewing before anyone gives a presentation.

[Razio @RazioFI]

@MadCrash_X We don’t experience prices in isolation. We experience them relative to whatever happens to be next to them.

[Razio @RazioFI]

@BureaudesQuant I would suggest to go through 👉https://t.co/Ml96NEroVs
there is a point as well

[mindfool @mindfooljungle]

https://t.co/m3zVzr83c6

[Razio @RazioFI]

@BureaudesQuant “Luck determines the starting line. Skill determines what you do with it.” That line is going to stick with me.

[Razio @RazioFI]

@BureaudesQuant @0leSam true

[Razio @RazioFI]

@0leSam This is basically arbitrage on knowledge. Find something valuable before everyone agrees it’s valuable.

[Razio @RazioFI]

@CashTra1l The shift from AI as a tool for productivity to AI as a tool for discovery is the really interesting part.

[Razio @RazioFI]

@WatcherGuru and more counts

[Razio @RazioFI]

Ever notice this pattern?

The résumé looks perfect.

The income stack is empty.

In 1998, Warren Buffett sat in a University of Florida lecture hall and asked an MBA student when he planned to start doing the work he actually enjoyed.

The answer was: someday.

Buffett said that was like saving sex for old age.

Then came the punch-card idea: 20 financial decisions for an entire lifetime.

Most people spend them dabbling.

The people who get somewhere make a few honest bets — and leave them alone long enough to work.

That’s what this article is about.

Pillar One: Build a skill you can deliver this month, not a job title that looks good on LinkedIn.

Pillar Two: Show up long enough for an audience to form.

Pillar Three: Automate the transfer — and don’t touch it.

Pillar Four: Add leverage to work you’re already doing.

Buffett also ran a classroom exercise: if you could buy 10% of one classmate’s future earnings for life, who would you choose?

Nobody automatically picked the person with the highest GPA.

They picked energy. Integrity. The people who did more than their share.

Those are habits.

They’re cheap to build now — and incredibly valuable later.

The old one-job deal is breaking down.

But the assignment from that lecture hall is still the same:

Start doing the work you actually want to keep doing.

Then give compounding enough time to do what scrolling never will.

[Razio @RazioFI]

@BureaudesQuant The ending is part of the message. If you finish with “thank you,” you’re closing the presentation instead of reinforcing the idea.

[Razio @RazioFI]

Most people think great communication is about speaking well.

Patrick Winston spent 40 years proving it’s actually about something else:

Making people understand.

In January 2018, the legendary MIT professor walked into a lecture hall and delivered one final version of a talk he had given every January for four decades.

He called it:

“How to Speak.”

Winston wasn’t a speaking coach.

He helped build modern AI and directed MIT’s AI Lab from 1972–1997.

And he noticed something important:

Brilliant people weren’t always the ones getting the jobs, promotions, funding, or attention.

Often, it was the person who could take a complicated idea and make the room understand it in 10 minutes.

So Winston spent decades collecting simple rules:

1. Start with a promise.
Tell people what they’ll be able to do by the time you finish.
2. Repeat the hard idea.
Then repeat it again. At any moment, roughly 20% of the room is lost.

3. Build a fence around your idea.
Make it clear what your idea is — and what it isn’t.
4. Use something physical.
A blackboard. A prop. An image. Anything that makes the idea tangible.

5. Avoid the “laser pointer crime.”
Don’t wave a tiny dot around the screen and expect people to follow your thinking.
6. End with a punchline.
Give people one sentence they can remember — and repeat at dinner.

And perhaps his most unusual rule:
Don’t end by saying “thank you.”

End with the idea.
Winston died in 2019.

The lecture stayed.
Millions of people can watch it, nod along, and then go right back to reading slides word-for-word.

But the people who actually use these rules?

They walk into the next meeting and sound different.

That’s the real lesson from 40 years of teaching:

Communication isn’t about sounding smarter.
It’s about making the idea impossible to miss.

[Razio @RazioFI]

4 Pillars that STILL build a Better $$$ Future https://t.co/uJQb0LaetU

[Razio @RazioFI]

@BureaudesQuant The strategy can be simple. Sticking to it through boredom, fear, and greed is where the real work begins.