Selling To Everyone When Everyone Is No One
Let me start by reminding you of an IPO I have been unable to forget. I will show it to you as a chart, a wonderful chart that goes straight down. What you see is the great meal delivery company Blue Apron since it went public. The unicorn! The one that would change the way…
Cash Rich, Asset Rich, and Repo Markets
I’ve been having this thought lately, one that has been debated before, it’s that very few people are actually cash rich today. Most are asset rich. Like no other point in time, even greater than the DotCom Bubble, investing has permeated every corner of culture. In hindsight, Bitcoin was a phenomenon that introduced millions to…
Inflation-Adjusted Returns Always Suck
It isn’t much fun to talk about. It’s kind of a party killer. The music sounds good, the people are jiving, but then you remember you’re still in middle school, a censored Nelly album is playing, and your parents are outside waiting to pick you up. Inflation is that. No one wants to talk about…
A Simple Thought on Optimism
As time progresses, people generally get smarter. And better. I just finished a book on how the Internet came to be and I had no idea about the science behind it all until now. Especially the complexities behind the increasing speed that we are able to send data to one another. A signal travels from…
My Thoughts on Passive Investing
On the fifth day, an Oracle from Omaha descended from thee heavens. “Today,” he said, “I bring you thy S&P 500.” So it began. From all across the lands, people began pouring their earned coin into this magical transcendent creature. “Here ye, here ye! Take all your monies! We can deposit it monthly or quarterly…
Beasts of Record
Bill James, the now near 70-year-old who spent his career changing the way people think about statistics in baseball, has a few things to teach. No one working in Major League Baseball today thinks like they did 30 years ago. Bill James changed everyone’s mind. That’s how important he is. I think, at the end…
The Deeper Meaning of Risk
The relationship between risk and money has been observed since the dawn of our time. We learn to love putting in hard work for money, but we often forget the immense amount of risk that goes into it. And risk comes in all forms impacting your money, career, family or health. I’ve come to learn…
The Great Monetization
In the world of economics, a certain phrase should be popping off like a young millennial who just chugged a White Claw at the Red River Showdown yelling, “It’s lit!” But it’s not. It has been happening beneath the surface for several years now. I have failed to really understand the significance of it. Regretfully,…
Year 8
I have worked at Stocktwits for eight years now. I have been there since I graduated. It has been an incredible ride and most people always say to me: “brah, how have you been in one place that long?” “I have no idea” Life comes at you fast and slow. Sometimes it goes well and…
The Smartest People on the Street
Goldman Sachs is a pretty massive bank. They all are. JP Morgan, the list goes on. They do a lot of financial things. They all have large analyst teams that cover everything across global markets. Stocks, bonds, crazy derivative products only a few of us can understand. The kind that bring down an entire global…
Easy To See, Hard To See Why
I like to say everybody flies on airplanes, but nobody knows what that actually means. In an airport in New Jersey, I had a conversation about that. “How does the plane fly?” “Well, I think… uhhh” “Hey you, how does an airplane fly?” Imagine walking onto 40,000 pounds of steel with 36,000 gallons of gas…
I Put My Socks on Standing Up
Some talk about going to the gym at 5 AM. Or running 10 miles daily. Or doing yoga while listening to a podcast at 2x speed. Others drink super powered coffee with coconut infusions and brain power additives. The power! The energy! The bio hacks! I just started putting my socks on standing up. You…
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