Somebody is making very active decisions about which stocks will be in each index or ‘passive’ product.
Just like Friendster gave way to MySpace which gave way to Facebook we will likely see many iterations of these coins over time
The way we measure inflation matters
Making tons of money at an early age is probably a combination of the best and worst thing that can happen to you.
Option traders leave a footprint, and we can measure that footprint using implied volatility.
In many ways, Bitcoin represents the perfect mania
There are no loans for retirement.
Having confidence means staying with an idea when it’s not going well. Having humility means abandoning an idea when it’s been proven wrong.
Pay yourself first.
The it’s-just-where-we-are-in-the-cycle argument doesn’t hold up.
My own behavior has been impacted by just how boring markets have been
The next time someone tells you that Buffett is bearish…
Markets don’t operate in sealed jars.
You have ex-CIA operatives listening to conference calls and opining on the voice stress of people talking.
Even if it crashed 85% from today’s value, it would still be up 50% for 2017.
Am I gonna have a job when I get back?
The game is so fuck’n soft now it’s disgusting.
My favorite Michael triangle story.
You’re intentionally trolling, would you admit that?
There are anxious times in every investor’s career when your expectations of what should be happening aren’t aligned with what is happening and you don’t know if you’re looking at great opportunities or catastrophic mistakes.
My favorite books from 2017
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