Airbnb recently released their S1 in preparation of their upcoming IPO. I jumped to risk factors and Airbnb definitely carries risk. Here are a few (of many): Our revenue growth rate has slowed, and we ...
Cheap dopamine is that little notification, the constantly refreshing newsfeed, the bad news porn, the winning bet. It’s addictive stimulation and instant gratification. It’s becoming easier and easier to get cheap dopamine. The reality is ...
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 ...
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 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 ...
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. ...
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 ...
“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 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 ...
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. ...
