Kindle Notes & Highlights
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January 21 - January 22, 2021
The world needs more out of the box, break the rules shit.
Not on some greedy shit. On some Robin Hood shit. Heist the fucking game, make billions, and give it back to the people.
HyperChange is founded on this principle. I want every episode to leave you with more questions than answers.
How do we expect the populace to make informed decisions about laws and gover- nance, without understanding the economic implications of their decisions?
Every other industry has had its “we just got fucked by the kid in the hoodie moment.” Wall St is next.
The two things (Tesla & Bitcoin) my professors, men - tors, homies, the experts and pretty much the whole damn world thought were a joke and mistake to invest in … were ironically the best investments I’ve ever made.
I want to have people that are a lot smarter than me tell me I’m wrong, and explain why. Open sourcing my ideas has allowed this to happen.
“Software is eating the world, Blockchain is eating software.”
The US Dollar might be the world’s biggest cult.
It’s easy to label anything that’s rapidly rising in value as a bubble and capture the near-term praise of being viewed as a shrewd skeptic. This attitude is very in vogue in the financial media.
Just because you don’t understand something’s value, doesn’t mean it doesn’t have any.
He had a conspiracy theory that the government created Bitcoin in 2008, at the peak of the Great Recession, incase shit REALLY hit the fan. It was a backup if the Dollar collapsed.
Gigagreenhouses aren’t some future far-off technol - ogy. They are here, scaling rapidly, and being funded by hundreds of millions of dollars of the world’s smartest capital (see AeroFarms, Plenty, etc).
I’m not against GMOs (Genetically Modified Organisms). I’m against the GMO industrial complex. Yes I’m talking about Monsanto.
Whether it’s ‘I’m wearing sweatpants to be comfy and IDGAF what you think’ or ‘I’m wearing a Supreme t-shirt to hide my insecurity that I might not be cool’ ... you’re making a statement.
Star Wars and Star Trek aren’t just awesome fictional masterpieces. They are a preview of our multi-plane- tary future.
The easiest way to do this, is invest in the things you’re already an expert in. These are most likely the companies that sell the products and services you use everyday.
A company’s greatest asset is its customers. If you are one of them, and can feel this bond getting stronger or weaker, that is a powerful clue about the direction of the business.
SEC filings are the first principles of finance . Reading and understanding them thoroughly is the best research you can do on any company. Work, work, work, work. That’s the secret to being a great investor.
If there’s one pattern I’ve seen, its that winning CEOs keep winning, and losing CEOs keep losing.
The metric I personally track to gauge profitability is EBIT(aka Earnings Before Interest or Taxes), sometimes referred to as Operating Income.
You’re not guessing what assets are worth. You’re guessing what people will guess assets are worth in the future.
There has never been a better time to be alive. I mean it. Like really. This cannot be understated.
Libraries and textbooks are no longer the gatekeepers of knowledge, your hustle is.
The basic idea is to take a step back and imagine that you are 80 years old reflecting on your life. You want to minimize the regrets you have. Asking that girl you like out, following that crazy gut feeling to start a company, traveling the world … whatever it is. We only get one shot at this thing called life, and it’s worth thinking about what you want to do with it. Perhaps the scariest thing about life is realizing that it’s exactly what you make of it. Free will is real.
Stop living for your resume. Start living for your legacy.
There is only one thing scarier than my family and friends thinking I’m a loser because my dumb idea flopped. It’s being 80 years old and realizing that fear of failure was what held me back from trying to do what I love.
You can’t control how many times you will get knocked down. But you can control the amount of times you get back up.
Everything takes twice as long and and costs twice as much as you think.
Money is a tool. I don’t want money. I want to do what I want to do. Money helps with that.
If you’re under 30 and don’t have a family you should be taking as much risk as possible. Chasing your dreams and failing (learning) seems like a win/win. You will never get this shot again. You can always take the cor- porate job later. Cubicles aren’t going anywhere. Your chance to change the world might be.
It’s much better to try with good intentions and fail, than win by sacrificing your morals. I hope you don’t have to learn that the hard way.
Why don’t more people invent words? All the words we use today were just invented by somebody else.
