For those that have experienced atleast one market cycle, you build an instinct to be wary of price appreciation that greatly outpaces the historical rate. Seeing the Dot Com bubble, 2008 GFC, all the
It’s fashionable right now to declare that “non-financial use cases of crypto are dead.” Some people also claim that read write own has failed. These conclusions misunderstand both the thesis and the
Next word prediction was the first pre-training paradigm. Now we are living through the second paradigm shift: world modeling, or “next physical state prediction”. Very few understand how far-reaching
Tom Lee's ETH thesis is one of the most retarded combinations of financially illiterate arguments I've seen from a well known analyst I've seen in a while. Let's break them down. Tom's thesis is
Introduction Confirmation is a nebulous concept in trading. It is often presented as a risk-free way to enter a trade. At first glance, it seems quite sensible. After all, buying a dip when the market
As a discretionary trader, it's useful to categorise your trades into buckets. Systematic and discretionary aren't binary or mutually exclusive states. At the extremes you have a fully automated
Oh man, there is nothing I love more than a big, long, thick biography. Last month, we talked about short books you could finish on a plane, well I’m talking about the opposite of that now, the ones
I have a hobby and it’s weird. It started in a pretty normal way. I’d always liked taking walks and then I had young kids. Because it was often the only way I could get them to sleep–or to keep them
Ok, so I have a secret that I use when I am in a reading rut: I read something really short. I love the feeling of sitting down and finishing a book…in that sitting. I get the whole rush of cracking
Tangled among layers of financial engineering, AI slop, and drama from Saylor is STRC, a bizarre yield bearing instrument who saw its issuance balloon over 10 billion dollars in the last few months.
Reading is not just something you should do on vacation, or when you have free time. It should be, like all important things in your life, a daily practice, something you’re working to get better at.
Warren Buffett considers the foundation of his multi-billion dollar empire to be a book. At 19 years old, he bought a copy of The Intelligent Investor by Benjamin Graham. We don’t know exactly what he
If you had bought $50K of $MU in September of last year, it’d be worth $489,255 today. Either you don’t own these stocks and are thinking to yourself “Fuck, am I too late?”. Or, you own at least one
At 6:45pm on Wednesday, April 23rd, 2014, I got an email from my friend Seth Roberts, the pioneering and peerless scientist. I opened it, saw that it was to be the first of a long awaited column
–It’s important to remember what once seemed like a lot of money to you. When I dropped out of college to work as an assistant in Hollywood, I took a salary of $30,000. I remember saying to myself–no
It doesn’t exactly keep me up at night, but like most people, I have a low-level suspicion that I’m paying for a bunch of stuff I don’t need. At the beginning of the year, I went through all the
Part 1. you deserve to know the full truth about us TRANSPARENCY - is the only way to show real loyalty to your community only transparency gives you the right not to be fooled. not to get scammed
It can be hard sometimes, with all the things we have going on and with all the wonderful books out there (and all the new ones coming out), to justify going back and reading something you’ve already
AI has been in everyone's hands for years. Most people who use it every day still use it the slowest way there is: type a request, wait, fix it, ask again, all by hand. Not because the faster way is
The best advice I’ve ever got about reading came from a secretive movie producer and talent manager who’d sold more than 100 million albums and done more than $1B in box office returns. He said to me
