Proper portfolio construction requires specifying a goal (maximize sum for one period or parlayed bets),identifying an opportunity set (lots of small edge or lumpy but large edge), and considering constraints(liquidity, drawdowns, leverage).

I'm not smart enough to have strong investment theses but I do have founder theses (part✌️) https://t.co/Fs1z4MemSD

4/ Five key points about the circle of competence: • To build it, you must invest in things you know. • Have an owner's mindset • Maintain intellectual honesty • Let your passions guide your research • Nobody's circle looks the same https://t.co/pblTFoGi4F