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SayWhatAgain “The greatest enemy of truth is very often not the lie … but the myth -- persistent, persuasive, and unrealistic.” John F. Kennedy

The sheer arrogance and lack of self awareness is breathtaking. And this from the most influential people at the heart of our financial system. This will continue to age like milk.

This fine is ~ 3.5% of last year's cash profit.

Golden rules of investing: Best opportunities come in times of pessimism Big money is not in the buying & selling, but in waiting Know what you own, and why you own it Selling your winners & holding your losers is like cutting the flowers & watering the weeds Position sizing

I'll tell you something, everything I've ever seemed to succeed at never felt like I was succeeding. To the contrary, it seems to always feel like i'm f*cking up over and over again until something starts working. The difference seems to be — despite feeling stupid and like

Thanks for a fun chat Claude Walker $AIM $ABV #ASX youtube.com/watch?v=U31QqM…

You don't get 10-baggers following the crowd. $CAT #ASX

Jordan Martenstyn All of my best investments have been difficult to hold at times. I think that's just how it goes. If it were easy, 10-baggers would be much more common! (But, yeah, this was an especially tough hold..) Even now it's tough. Hard to call the stock cheap by most metrics.. but

Australian Bitcoin Industry Body It is worth remembering that the largest and most egregious cases of financial malfeasance in Australia have come from regulated entities carrying an AFSL. The concern here is that well-intentioned but ill-informed attempts to “clean up” this space risk conflating Bitcoin (a

"A price is a signal wrapped in an incentive" - Alex Tabarrok.

Orwell and Bradbury imagined futures where books were banned. Turns out that wasn’t necessary. They just need to drown people in algo driven short form video sludge that appeals to their most base impulses until they stop reading.

You could read the latest #RBA statement, but if you prefer non-fiction this banger from 1945 is FAR more instructive. econlib.org/library/Essays…

That highly credentialed experts can arrive at utterly different judgments on the #RBA’s latest call should remind us of something obvious, but easily forgotten: such decisions are *never* objective. We are told they are guided by “the data,” but data cannot speak for itself.

I really thought communism was the answer to all of society’s problems until I tried to run a community garden.

My thoughts exactly:

"The more authority and more power you have, the more you need to be challenged." – Sarah McLaughlin on why free speech is essential to good governance