The less decisions you need to make to get what you want, the more likely you are to get what you want.

You must view tragic experiences holistically. You just lost something, but what did you get to keep?

Models try to give a lens into the future, to make it predictable. BUT… some things cannot be modeled. We really hate that.

Remember the Silicon Valley Bank crisis? Remember how the Fed was “printing” $300B and Balaji said bitcoin would go to $1M? I remember.

Ethereum is the most important infrastructure in the world: both for what it is and what it can be. And it will never be enough. There must be other layer 1s.

The Fed: Part 1 covered the psychological priming of the Fed and why QE isn’t money printing, but a headline-grabbing manipulation. So what happens to bonds after they're swapped on the Fed's balance sheet? They're sent to the graveyard.

ChatGPT and LLMs just commoditized the complement of data: software. This increases the value of data, but mainly drives value accrual to the new scarce complement: semiconductors.

Generations of warfare and business correlate closely, however there is a lag between them. War is roughly one cycle ahead. I believe this makes it an excellent proxy not just for business, but also DeFi.

You've heard about the Man In The Arena, now learn to recognize the Priest In The Arena

A counterculture is blowback. It's intentionally offensive to establishment beliefs. Find it repellent? Good, it’s meant to gatekeep you.