Big Kaws retweeted
Just remember that when this window of opportunity ends, you gtfo.
More than likely, you’re not a god trader. You benefitted off an extremely profitable market environment.
Don’t confuse luck with skill. I know I won’t. I’m good but not this good, don’t get lost in the sauce.
Big Kaws retweeted
THREAD: 15 of the most useful razors and rules I've found.
Rules of thumb that simplify decisions.
Big Kaws retweeted
Buy #Bitcoin delete all social media apps from phone, grayscale your phone, sell all stocks and bonds.
Big Kaws retweeted
5-10% of my income every month:
Goes towards risky bets.
Worst case scenario I lose 5-figures.
Best case scenario it turns into 7-figures.
I’m young.
Can afford potential losses.
But can’t afford to not shoot shots.
Money is recoverable.
But “what if?” haunts you forever.
Big Kaws retweeted
Having a lot of money in your bank account gives you a false sense of security that ends up making you slack off from complacency
Instead of having a large amount of cash just sitting
Calculate how much you need to live + emergency
Invest the rest
Feel broke
Get rich
Big Kaws retweeted
My investment thesis is simple:
Find asymmetric upside by identifying opportunities that are contrarian today, but will be consensus in 3-5 years.
Optimize for slugging percentage, not batting average.
Bitcoin was great example. Many more to come.