Vorpax

wealth, money psychology, asymmetric thinking

[Vorpax @xvorpax]

https://t.co/LEeq6TQYCk

[Vorpax @xvorpax]

@batagonx and he still drives through one every morning

[Vorpax @xvorpax]

Every morning Warren Buffett tells his wife a number while he shaves. $2.61, $2.95 or $3.17. She puts exactly that in a little cup.

That’s his McDonald’s breakfast. HBO filmed it in 2017 for Becoming Warren Buffett.

“3.17 is a bacon egg and cheese biscuit, but the market’s down this morning, so I think I’ll pass up the 3.17 and go for the 2.95.”

He was worth around $75 billion that year. Same Omaha house since 1958. He paid $31,500 for it.

The part I keep thinking about: his spending moves with his net worth. A raise usually works the other way. $10K more a year, and the car payment goes from $450 to $780.

What does your spending follow: your paycheck, your net worth, or nothing at all?

[Marc Andreessen 🇺🇸 @pmarca]

https://t.co/rv1SShz6q8

[Vorpax @xvorpax]

@Zevikxs he decides while shaving so the counter is just pickup👀

[Vorpax @xvorpax]

@money_harbor 22 cents difference and he still lets the market decide

[Vorpax @xvorpax]

@0xPoPsik and it usually comes with a monthly payment. that part never leaves

[Vorpax @xvorpax]

@ergodonx red day no bacon. best risk management on the menu

[Vorpax @xvorpax]

@0x_Renjii hitting bottom once is a story. coming back twice is a character

[Vorpax @xvorpax]

@RumiMirage if the prenup ruled it out why did the judge rule it in

[Vorpax @xvorpax]

@paperhanderr the index fund warning aged the best of the three and nobody quotes it

[Vorpax @xvorpax]

@0xPoPsik in 2000 the poker face had nothing behind it. now it has 17.8b a quarter behind it

[Vorpax @xvorpax]

Jeff Bezos, 2000: "We are famously unprofitable."

Then he laughs.

Amazon lost $1.4B that year on $2.76B in sales.

Last night AWS alone posted $17.8B in operating profit. In one quarter. That's ~6x Amazon's entire revenue in 2000.

And Amazon is burning cash again. Free cash flow over the last 12 months: -$42.4B. A year ago it was +$14.7B.

In 2000 the money went into warehouses. Now it's ~$220B of capex this year, and the AI build is what flipped free cash flow negative.

Same bet as 25 years ago: spend now, get paid later. Jassy says AWS grows 40%+ in both 2027 and 2028.

Which "famously unprofitable" company today becomes the AWS of 2040?

[Vorpax @xvorpax]

https://t.co/LEeq6TQYCk

[Vorpax @xvorpax]

@millo_onchain buying was the easy part. holding through 2001 is where almost everyone quit

[Vorpax @xvorpax]

@highrollerfiles if u can sit through it. the stock fell over 90 percent after 2000

[Vorpax @xvorpax]

@KupresTilz16899 same laugh way more zeros👀

[Vorpax @xvorpax]

@BrainGMI works great when you're amazon. on a credit card its only the first half

[Vorpax @xvorpax]

@mrcsxbt he played a man who believed in the future, and fans held him to it

[Vorpax @xvorpax]

@slarmxl 1000x more precision for 4.7 more seconds. the logarithm is brutal

[Vorpax @xvorpax]

@Trenzur the one way flight to Dubai is why hes still in there

[Vorpax @xvorpax]

@CASHVAULTk6v broken or just never updated? the £100k line hasnt moved since 2010. pay kept rising, the line didnt so every year more people walk into it

[Vorpax @xvorpax]

An MP on £100,000 says he lives like Homer Simpson. 9,600 people agreed with him last night.

This 8 minute clip explains why. Two listener questions, two different traps.

Ashley earns just over £100,000 and has a young kid. Wrote in to say they’d be better off on £99,000.

They’re right. Between £100,000 and £125,140 you lose £1 of tax free allowance for every £2 you earn. A £10,000 raise leaves you £3,800. Cross the line by one pound and the free childcare hours are gone too. “If you’ve got two children under five, £1 over 100,000 can cost you up to £20,000.”

Tom is a civil servant. His salary went up £15,000 since 2020. His take home went up £1,000.

That trap is quieter. Tax thresholds were frozen in 2021. Your pay rises, the bands don’t, so every raise pulls more of it into 40%. In 2021, 15% of people paid the higher rate. By 2030 it’s about a quarter. Teachers. Nurses.

The £100,000 line itself was set in 2010. It has never moved.

The budget is today. If the freeze stays, nothing above changes.

Would you take a raise that leaves you worse off?

[Dr.Bryte @thedrbryte]

https://t.co/MLMblg36ol