Ok i’ve been rereading @naval this week and honestly half of his stuff is better investing advice than most investing books so here are 15 lessons from naval that every investor should hear. some of these hurt a little 🧵

Jack Dorsey is a knobhead. Not said nearly enough. He's wrong, and that is such an unoriginal take. The moat is in available data, which is why $GOOGL and $META are prime candidates to win the long game. It's also in the ability to acquire and operate compute at sufficient scale. This dumb hot take usually means the algorithms are open. So is Google's original graph algorithm, yet multiple Googles do not exist.

“You make most of your money in a bear market, you just don’t realize it at the time.” -Shelby Cullom Davis

''ASML IS DIRT CHEAP!'' $ASML their current spike is 100% due to memory / $TSM. This might be a supercycle, but there will be a peak. Anyone who thinks this is a straight-up line for 10 years must look beyond the initial AI buildout phase. My theory could be a rise of robotics in 30's, probably all robots, all autonomous vehicles need chips, but do they need EUV? Not sure. Perhaps?

You shouldn't worry, in the slightest, about the $MELI and $NU sell-off. It's creating the opportunity you were looking for. The market is trying to talk you out of a generational bag. Don't be fooled. You can read the piece via the link in my bio. ⛓️‍💥

The goal is not to sell subscriptions, the goal is not to turn a profit. The goal is to create a product that completely upends the entire global economy. The goal is to create superintelligence. It's like a cancer, just grow.

This is why you should never buy the first generation of any product line. It always has some weird problem, and the second generation is miles ahead with all the problems fixed. $AAPL