I've been a stock trader for 43 years. Based on my experience, the market will never outsmart me and take my capital during bear markets or sky rocket without me onbosrd for the ride during bull markets. That sounds very arrogant, doesn't it. But wait until you hear the reason why.
Because I never try to outsmart the market.
What i have learned is humility. The market is always right. And if I am yielding to its message, I can never be outsmarted by the very force I am respecting and staying in gear with.
There's a fortune in this one paragraph.
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Why does Paris look the way it does?
Well, until the year 1853 it was a diseased and overcrowded Medieval city — then the biggest urban renovation in history was announced.
This is the story of how Paris was transformed into the world's most popular city...
On the 27th straight day of filming “Forrest Gump,” Tom Hanks was tired & worried.
During a scene on the famous park bench, Hanks stopped & said to director Bob Zemeckis,
“Hey, Bob…is anybody going to care about this movie? I don’t think anybody’s going to care.”
Bob replied,
“It’s a minefield, Tom. You never know what’s good…It’s a minefield! It’s a goddam minefield! We may be sowing the seeds of our own destruction.”
Tom Hanks told this story after he was asked, “When I ask for a memory from your career, what’s the first thing that comes to mind?”
He said that what Zemeckis said was true of every movie he’s worked on:
“There’s never any guarantee...You do not know if it is going to work out.”
Takeaway 1:
Hanks is the 5th-most highest-grossing actor of all time.
And yet, the stickiest memory of his career is the feeling of uncertainty.
Rarer than talent or work ethic, the poet John Keats wrote, is the ability to step into and push through doubts and uncertainties.
In 1817, Keats wrote a letter to his brothers to share this exciting realization.
“At once it struck me,” Keats wrote, “what quality went to form a Man of Achievement … Negative Capability.”
Keats explains that “Negative Capability” is “when a man is capable of being in uncertainties, mysteries, doubts, without any irritable reaching after fact and reason.”
Takeaway 2:
Those who possess Negative Capability, who can sit with uncertainty, who can spend months or years in the minefield that is working on something while knowing that there is a real possibility no one will care about it—they often possess another quality.
They do what they do, not as a means to some end (money, fame, awards, etc.), but for the sake of doing it.
When asked about one of his movies that commercially failed, Hanks said,
"I loved making that movie. I loved writing it, I loved being with it. I love all the people in it."
As Ryan Holiday once told me, "The work has to be the win."
You control the effort, he says, not the results.
"So ultimately, you have to love doing it. You have to get to a place where doing the work is the win and everything else is extra.”
- - -
“Life is like a box of chocolates: you never know what you're going to get.” — Forrest Gump
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I believe the market has been correcting for nearly a year.
And that at least one more primary-degree impulse is to come before a cycle-degree correction.
I have several reasons for this thesis and shared each.
Here's a 🧵for those who can't follow past the last tweet.
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You want to hold $FTM but also would like to avoid severe market fluctuations, you want to hold onto the treasure chest you have gathered?
A dive into some of the best FTM/STABLE yields and HOW it can provide you with passive income.
THREAD 🏴☠️ 0/9:
Over 90% on stables in @SpookySwap 🤯
Strategy time:
1) Create TSHARE-FTM LP on Spooky
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3) Take beefy receipt token and deposit in @market_xyz and borrow MAI (-30% APR)
4) Stake MAI-USDC pair on @SpookySwap (90% APR)