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Merry Christmas!

Markets don't award logic, markets reward idiosyncratic drama.

Delegation gives you superpowers (leverage). Not saying this because I know how to delegate; it is because I know the price to pay for not doing it (burnout). I am reading this book (Output Thinking) by John Seiffer. It has life changing advice on how to delegate.

Life is like a Cartoon. If you master the skill to interpret your current situation from three or more angles, you possess a superpower. As a consequence, your beliefs are constantly upgraded.

Big lesson on price discovery here: x.com/dannypostmaa/s…

Moved from the fog of chaos to the light of order

Measure, Mitigate, and Manage Risk

Happy New Year!

Timelapse of making this cruise ship 📹offshore_channel x.com/DamnThatsInter…

How large ships are constructed x.com/DamnThatsInter…

I know a guy, who ‘cut out the middleman’ and self-contracted his dream home. Saved himself $80K. Cost him a divorce, two lawsuits, and a permanent eye twitch. But hey, at least the countertops were cheaper.

Many such cases.

Modern asset pricing theory they say

TOWNSEND RAISE NOW OPEN I’m excited to announce the raise for Townsend is officially open! This is a walkable, mixed-use neighborhood in a fast-growing downtown. Our philosophy is simple: we build things worth keeping. 1. Real places people love 2. In walkable, growing

Tradition is innovation that actually worked – over a long period of time. There is tremendous value in that. Humans are terrible at knowing what will work, or all the externalities of a new idea. We can only look back. This is why tradition isn't outdated – it's wisdom.