How poor is the person who thinks to themselves, “I can’t wait for this day to end.” It could be that whatever ails him, is the result of events outside of his control. But even so, to treat one’s limited time with such disdain is … Continue readingToday is THE Day
There’s a unique property of finance and financial assets that many don’t understand. Finance is a zero-sum game. Someone has to lose in order for someone else to win. This is true for all asset types from a purely mathematical standpoint. Let me give an … Continue readingThe Zero-Sum Game
In this post, I explore financial value and valuation from a higher level of abstraction. The goal is not to turn you into a valuation expert for any specific good or service, but to challenge how you think about money and value more broadly. These … Continue readingMoney, Value and Valuation
There’s a simple method to find the true value of anything. Picture yourself stranded on an island, absent government, markets, law enforcement, infrastructure and those who manage it. Under those conditions, anything that is synthetic drops to a value of zero. Money, gold, crypto, contracts, intellectual property—all … Continue readingTrue Value Survives Under Pressure
Back in the old days, when we lived in an information poor environment, people were still pretty amazing at recognizing patterns. But these patterns were built on limited data points, as most people only had their own personal experiences to pull from. As a result, … Continue readingThe Good Ol’ Days
It doesn’t matter what you paid for it or how much time and effort you put into it. All that matters is how much the market will pay for it today. The market is more rational than any individual. It prices in the things you … Continue readingA Market Primer
There is more to the human brain than just classical computation. Humans can easily understand concepts and deal with ideas that are beyond the limits of any classical computer. For example, the concept of infinity can be generally understood by an intelligent 8 year old. … Continue readingUnderstanding Beyond Computation
NEWS: Read about single extreme case scenario and generalize to all seemingly similar scenarios. Feel panic, feel fear, get angry, empathize, remain hopeful. Murder, rape, racism, corruption, drug epidemic, new highly contagious virus that will kill all of humanity. Lock your doors! Close your minds! … Continue readingThe News
The operating system you choose to run once you have escaped your environmental programing is what will determine the conditions of your life. Those who believe otherwise are destined to become slaves to the ideas and machinations of others. The only thing you truly have … Continue readingEnvironmental Programing
Societies function optimally when the behavior of their citizens can be predicted and manipulated. This allows for long-term planning and large scale efficiencies. Because of this, it is beneficial for societies to create a mechanism that encourages you to derive a big part of your … Continue readingYou Are Not Your Job