The game, in case no one took the time to explain it to you: As quickly & efficiently as possible, transmute your labor into ownership of scarce and / or productive assets. (Hence: “capital”-ism.)

📂 Things you see at the top! Documenting the headlines you tend to see near the top of a market cycle. DM your submissions.

Over the past two weeks, rates have declined dramatically purportedly due to fears of a recession. Friday’s move was particularly stunning for the scale of the move and for the degree of intraday volatility. I put forth here a theory of what is going on:

"Don’t do things that you know are morally wrong. Not because someone is watching, but because you are. Self-esteem is just the reputation that you have with yourself. You’ll always know." - Naval

Far worse than the loss of life is the loss of a super car. There are billions of people on earth. There were only 375 P1's produced. People are replaceable, this isn't. 🙏

An interesting development in the Kim <> Kanye saga

Largely because we outsourced some of our most energy-intensive manufacturing to them. A significant portion of China's energy usage (which is still well below the West per capita) goes back to the West in the form of physical goods.

Excited that I can see how these Amazon batteries will look in my room before I buy them

“The Gentleman behind you bought you this drink” The Gentleman behind you:

Our jobs are safe, fam.

“I regard Alibaba as one of the BIGGEST MISTAKES I ever made. “In thinking about Alibaba, I got charmed by their position in the Chinese internet and didn’t stop to realize, ‘they’re still a gawd-damned retailer.’” 🌶️ - Charlie Munger on $BABA today with Becky Quick @ $DJCO

"By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." Paul Krugman in 1998 The word "probably" below is his hedge. He should have waited one more day to publish as a further hedge.

Zuck just absolutely DAGGERING Elon and Jack

1/ Krugman, like most other midwits, uses data to persuade, not to understand. He sees a graph that proves that "food at home spending" is up 1.2x not 2x, and immediately uses it to demonstrated that "food prices are not up 2x". Let's dig in.

I cannot over-emphasize how much you are seeing a distorted version of reality in which the world is ruled by incompetence and evil if you see everything through the lens of Elon tweets rather than actually engaging with your community.

20 years from now - Doomsday clock at half a second 2000 years from now - Doomsday clock at 40 microseconds

The gap between where you are and where you want to be exists only in the space between thinking and doing. Everything you desire already has a path to it. Someone has done it before, or the steps can be broken down and figured out. The real barriers aren't external; they're the

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