Tom Schmidt

June 17, 2025 | Read Online 5 Tweet Tuesday Out of 500M daily tweets, only 5 deserve your attention. Here’s this week’s starting lineup: #1 Wealth Director @wealth_director Before you play the game, study the winners. If you don’t want their life, don’t play their game. 5:00 PM • Jun 14, 2025 6.95K Likes 1.34K Retweets 83 Replies I quit poker... See more

Life is full of suffering. It’s unevenly distributed in tragic ways — I would never dispute that. But even the best and luckiest and most privileged life has an unfortunate share of suffering in it. And there are choices to be made: How much do we focus on it? How much do we dwell on it? How much do we speak of it? How do we speak of it? And how... See more

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You’re reading the August 21, 2025 edition of Wonder Tools , a weekly newsletter to help you discover what’s most useful. I’m Jeremy Caplan , and this week I’m excited to be meeting the new graduate class of 2026 at the City University of New York’s Newmark Graduate School of Journalism, where I teach.... See more

As software costs go down, the moat for software disappears; the moats that remain are network, brand, scale, and data

“What you build today will still exist a year from now, and what you feel won’t.”

"Not everything blooms in spring. Your season might be autumn.

Keep going."

• There should be at least one thing in your life you enjoy despite being no good at it. This is your play time, which will keep you young. Never apologize for it.

Here are my top 10 favorite “bits of wisdom” from Charlie Munger so far:

1. “You don't have to attend every argument you're invited to.”


2. "If crooks knew how much money they could make being honest, they’d behave differently."


3. "Smart men go broke 3 ways - liquor, ladies, and leverage."


4. "Try to be consistently not stupid, rather than trying to be very

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• Embrace failure as discovery, foster insatiable curiosity, and iterate relentlessly


• The core principle: break things, test repeatedly, and view each failure as eliminating one wrong approach


• If you can dream it, you can build it through iterative experimentation.

Naive Optimism + Strategic Execution

• Turn ideas into action by combining an optimistic

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