Date: January 23, 2024
Quotes
Robert Breedlove
if you read Mingers on the origins of money he describes that in any trading society there's always necessarily a particular asset that is most widely tradable or most liquid or most marketable these are all also definitions for money like the most marketable good and whatever that asset is that's most liquid that's what everyone will want to trade for right because no matter what you're aiming at obtaining the most liquid asset will be the fastest way to get there if I can trade chickens for money I know that everyone accepts money or most people accept this most marketable good that will help me get potatoes or whatever the thing is most quickly so money emerges naturally as a result of trade it's an emergent property of direct exchange itself that something becomes the most exchangeable thing that most exchangeable thing is then by Def money effectively so it's important to understand that and then assets that are less liquid they just have less degree of moneyness
Date: January 22, 2024
Quotes
Michael Saylor
For a thousand years people did after Galin people didn't understand how blood flowed through the body and it was Harvey that finally figured out that the heart pumps blood through the arteries and recirculates it back through the veins and it was the biggest breakthrough in medicine in a thousand years and this is when Harvey said you know the heart actually pumps the blood through the body. People couldn't believe it and Harvey's famous statement is he said you know no doctor over the age of 40 will ever believe me. Nobody over the age of 40 will ever believe that the heart pumps blood
Date: January 22, 2024
Random Thoughts
My default assumption coming into the world was people need only be told the truth to see. But most people don’t use their eyes to look and can only see what everybody else agrees is out there
Date: January 21, 2024
Painting
The Last Sage
In a realm where gears and gravity dance, A figure stands in an eternal stance. With eyes like stars in deep space’s expanse, He holds the cosmos with just a glance. Cloaked in shadows of the interstellar night, Adorned with feathers, a breathtaking sight. Orbs and wheels in motion, whispering lore, Of ancient wisdom and mechanical core. His beard a cascade of silvered streams, Flowing like time, through infinite dreams. With hands that weave the fabric of fate, He molds the universe, devoid of hate. Feathers of wisdom, a crown so bold, In this kingdom of cogs, stories unfold. The flight of eagles, the spheres in hand, In this portrait of power, profoundly grand. A sage of secrets, in a world so wide, Where the spirits of machine and mystique collide. An alchemist of the ether, so fierce, so free, Crafting tomorrow, what will be, will be.
Date: January 20, 2024
Painting
Eidolons of Invention
in a realm where gears and wonder intertwine,.a cloaked figure casts spells between the lines..its eyes, like sapphire flames, quietly burn,.while pages of ancient lore gently turn...amidst the whisper of turning cog and wheel,.it conjures worlds that feel both unreal and real..with every incantations potent chant,.it weaves a reality scant of cant...metallic fingers dance with grace and skill,.bending the fabric of time to its will..the ancient and future in it combine,.a being beyond the reach of decline...in silence, it summons the thunders voice,.in its magic, the stars themselves rejoice..its knowledge vast as the endless night sky,.where celestial bodies calmly lie...a guardian of secrets, bound by steel,.yet in its essence, not all is revealed..in the quiet hum of its arcane art,.lies the power to both mend and to part...elixirs bubble, manuscripts unfold,.in this workshop of stories untold..the enigma wrapped in an iron shroud,.bearing wisdom both humble and proud...so marvel at the inventors grand dream,.where nothing truly is as it seems..in a workshop where sparks of genius fly,.the eidolons of thought never die.
Date: January 19, 2024
Quotes
Nick Maggiulli
Even God couldn't beat dollar-cost averaging
Date: January 19, 2024
Quotes
Morgan Housel
The biggest technology booms come when the world is on fire. it comes during Wars and recessions because the incentive in the 1940s is we have to figure out nuclear energy today because if we don't figure it out in the next three months there might not be any more United States of America
Date: January 19, 2024
Quotes
Morgan Housel
In investing it's really clear that what do you get paid for you get paid for dealing with and putting up with uncertainty and volatility and periods of decline periods of no gains that's what you're getting paid for in the long term so yes you can make a lot of money investing no matter what asset you're investing in but why like the world is not so kind that it's just going to give you money for doing nothing you have to like anything else in life there's a price that you have to pay so the pain is the cost of entry basically it's the cost of admission for getting this.
Date: January 19, 2024
Quotes
Morgan Housel
Calm plants the seeds of crazy. What Minsky said was stability is destabilizing
Date: January 19, 2024
Random Thoughts
Your 20s aren't the game. In your 20s you are just building the player.
