Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That’s his sole benchmark... “Everyone else can stress out about outperforming each other,” he say... See more
For the past year or more, I haven’t been able to stop thinking about how the primary challenge we face, as people living in a modern western society, is not surviving in a resource scarce environment, but is instead managing to not gorge ourselves to death, literally/physically or figuratively/spiritually.
"Intrusion and support are two fundamentally different processes: support is about the needs of the child, intrusion is about the needs of the parent."
One of the most supportive things I do is, if we buy something and it goes down, as any value investor, you look at it, and you check and recheck your work. Then if nothing's different, you should like it more it's a better bargain. If you knew the sweater you bought yesterday is going on sale today, you might be frustrated that you bought it yeste... See more
There are limits to how much the human brain can process. Dunbar’s number is the notorious limit for how many social relationships the human brain can manage, but “DAObar’s number” is the DAO version of that: how many DAOs can a person be meaningfully involved in? Each subsequent DAO involvement is an increase in the processing power needed to main... See more