Market Hormesis: Stay Chill
Since I learned what hormesis was, I’ve been fascinated with the idea. Hormesis is a beneficial biological effect comes from exposure to low doses of an agent that is toxic at higher doses. A basic ...
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Marketplaces and Moats
I’m invested heavily in marketplaces ($AMZN, $ETSY, $FB, $SE, maaaybe $Z), which has led me to think heavily around how marketplaces work. Marketplaces are relatively simple: Marketplaces are two sided (buyers and sellers) Marketplaces connect ...
October Month End Review
October was a big month for Bitcoin and a bad month for stocks. Overall, this led to a flat month for me. I feel good on my portfolio. Buys: $AMZN, $PTON, $ZM, $SE, $SHOP, $DKNG ...
Online Education: Cheap Dopamine and a Societal Funnel
The reality is that people don’t want to learn. They need to be forced or manipulated into learning. Our higher education does this through a societal funnel. Essentially, children are guilted into going to college. ...
Bitcoin: Why Everyone On the Internet is Wrong
I love arguing about Bitcoin on the internet. I know it’s dumb, but I can’t help myself. Something about the whole Bitcoin argument really brings out the debater in me. The main problem I have ...
Karma Police: Why You Should Never Forget Karma
“That’s a crock of shit. This isn’t a platform. A platform is when the economic value of everybody that uses it, exceeds the value of the company that creates it. Then it’s a platform.”- Bill ...
Etsy: Skinny Dipping with Mask Money
Etsy took advantage of the pandemic. Well, really Etsy did nothing. Etsy’s network however went to work, quickly. Its the beauty of decentralization. In Q2, 112k sellers had a mask sale. The scale and speed ...
Facebook and Karma
Does Facebook make the world a worse place? I’ve been thinking a lot about off balance sheet liabilities lately (aka an extremely large negative externality). Essentially, this is a fancy financial way of saying karma. ...
Long $CULTS – On Peloton
Peloton makes no sense to me. The business model is boring, essentially a hardware company pretending to be SaaS. You pay $2k+ for an exercise bike, then even more to stream the classes. It’s stupid ...
Bitcoin and Trust
I’ve noticed people claiming that Bitcoin has a fatal flaw. The flaw will prevent it from being a reserve asset and ultimately lead to its downfall. The reality though, is that this isn’t a fatal ...