I went through a phrase where I "touched grass" and had "work life balance" or whatever most of the time I'd be at some party pretending to have fun, impressing some girl who was either trying to qualify for her inheritance (rich) or feel like she got 'a catch' (poor/hot) it

(ii) is very deeply misunderstood by the DeFi community, so much so I think it should have a new name: Object-Oriented Finance. I say this as someone who's lent to timeshares, shopping malls, artwork (Warhols / Stellas), commerical real estate, etc. Why? Because "objects" were

The Nigeria Template (long piece) When you zoom out 10,000 feet - what's happening to the economy is a result of globalization failing. As I write this, the Nigerian stock market has dropped more than 90% in dollar terms versus its 2007 highs - while the population has expanded

As we await the Fed rate decision this week, it's important to put it into context. First is the chart I use to get a feel for macroeconomic conditions. It plots the YoY percent change of 1) US deficit, 2) M2 broad money, 3) CPI (inflation), 4) Nominal GDP, and 5) Wages. 🧵

It looks like a bunch of kids got galvanic vestibular stimulation working. reddit.com/comments/1fm7h… SadlyItsDadley, is this on your radar? Would be incredible seeing you checking it out.

If I had to do this? So we've got $70T of unfunded liabilities on top of 120% of debt to GDP. Everyone knows it. It's fcked. So First things first - you have to throw the banks a bone. They know where we're going there won't be bankers. Give them Bitcoin ETFs, crypto hedge

The Flat Circle Portfolio (long, pointless, unfulfilling rant) The Set Up Bitcoin and stocks realize .50 correlation, and altcoins are higher bc they have more economic cyclicality (users/VCs) / Trump beta. Gold is also realizing heavy stock correlation whereas bonds are back

I think it's interesting to reflect on how I got so blackpilled - and how I've finally seen the light it was a process in 2013-2014 - I was working with large scale transaction data at some Asian financial institutions. it became apparent you could use this data (SWIFT) to

The Why of AI crypto cults (long read) Before I ranted about the Truth Terminal being a better "form factor" for a meme because 1] It's "made in a lab"/ or pre-tested on large amounts of text data as opposed from emerging randomly. So relies less on luck for its spread. AI meme:

something maybe people don't understand is how it all fits together The government does QE with fake money. mechanically this means de-risking illiquidity. there are two ways this manifests. PE is the ultimate illiquidity asset. Definitionally. It got bailed out by COVID so now

The story around China issuing USD-denominated sovereign bonds in Saudi Arabia is generating an enormous amount of buzz in China, and could potentially be immensely important. I strongly suspect it's a message to the upcoming Trump administration. Let me explain what seems to

i was a math supremacist through high school and college and it wasn’t until my third year that i started dabbling in economics, poli sci, philosophy, and anthropology i think lack of a humanities education is actually why so many tech boys build meaningless tech—because they

Bad marriages aren't often obvious from day one. Bad partnerships too. Sure, there might be some red flags, but there might NOT be any signals, and with enough time, you find yourself in a f'd up situation. Bad lives, too, really. There's often no single, catastrophic singular

Things that will improve your life. Believe me, or not 1. Do things in fast growing markets. Right now - that's AI and crypto. Work in AI or crypto, preferably both. Life is better with the wind in your sails.

Study having conviction.

the emperor can wear no clothes longer than you can stay solvent

The lie that’s killing society is being grateful It may seem to be the opposite of envy and therefore good but gratefulness is a relative thought to those doing worse On X we see streams of “other people are all doing it tough and don’t know how they can afford to live” while

There’s this concept that took me forever to learn A lot of the best traders are poker players or sports betting enthusiasts. They’re focused on maximizing their statistical edge. And they love franchises that allow them to “pursue their art”. They’re gamers If you’re running

Every 2 weeks or so I get a flurry of DMs that go something like this “You’re such a smart guy. I don’t see how you can justify (promoting this coin/ doing an interview with this influencer / saying some thing)” with some permutation of “be better” I think a lot about what

ChampionsAdjust accept that the permissionless nature of crypto is what attracts both the worst & smartest people in the world simultaneously - and the former being present on a day to day basis does not prevent the latter from also being present acknowledge that asset prices are not fully