I lost faith in economics a long time ago. The whole science is built on flawed assumptions. My breaking point was the efficient market hypothesis, which states stock prices reflect all current information. Basically, you ...
Initially, Square was just a credit card reader that attached to phones. Quickly, a hardware stand and app were added that turned an iPad into a point-of-sale system. Then Square really started to take off ...
Instagram is more addictive than crack (I’m only sort of joking). Facebook is a dopamine company. From social media to gaming, Facebook is a constant stream of dopamine. Dopamine is an area of investing that ...
This presentation from Social Capital is a thing of beauty. Amazon analyzed where they were spending money, then found a better way to handle it. They vertically integrated those expenses into their business, then flipped ...
Everyone can agree that 2020 was a dumpster fire, but that doesn’t mean that you can’t learn from it. Entropy Systems prevent entropy… what systems are you setting up to prevent entropy? Entropy can come ...
The best thing someone can do is make investing a habit. Once you create a habit, everything comes so much more naturally. You don’t even think about it, it just happens. How can we make ...
Financial filings tell you exactly what concerns management. In order to have conviction, you need to trust management. What concerns management should concern you! A failure to mitigate risks will lead to reduced returns. Below ...
It seems so easy to time the market. We can see all the terrible things happening right before our eyes. See below for two recent examples: The world was going to burn. Stocks were going ...
I’ve done a lot of stupid things this year. Here is a list of just dumb things I did in the market. Trimmed $SQ before a massive run (to buy $TWTR) Trimmed $SFIX before a ...
Sometimes, instead of trying to understand something, you make fun of it. It doesn’t make sense, you don’t know why people are acting weird, so we rib ’em. $3k for a bike with an iPad ...
