Sublime
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Nassim Taleb says, “You can be risk loving and yet completely averse to ruin.” And indeed, you should. The idea is that you have to take risk to get ahead, but no risk that can wipe you out is ever worth taking. The odds are in your favor when playing Russian roulette.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
I'll purchase one $TRUMP coin...
"The barbell strategy consists of exposing most of yourself to safe activities and a tiny bit of yourself to risky ones with high upside."
"Investors who do so find themselves wealthier than those investing all their wealth in medium-risk... See more
David Parkx.comHis “golden rule for risk management” is simple: “Know what you own.”
William Green • Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life
Graham’s margin of safety is a simple suggestion that we don’t need to view the world in front of us as black or white, predictable or a crapshoot. The grey area—pursuing things where a range of potential outcomes are acceptable—is the smart way to proceed.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The Simple Path to Wealth (Revised & Expanded 2025 Edition): Your Road Map to Financial Independence and a Rich, Free Life
amazon.com
The Acid Capitalist @hendry_hugh has returned from his spelunking sojourns with sooths from our future. Hark!
“The performance of digital currency, bitcoin, et al. has very much impressed me on this severe test for risk assets… it’s been tough out there… the performance of Bitcoin from $110k to $74k, it’s changing. It’s... See more
Matthew Pinesx.comThe first principle in dealing with government, then, is: Don’t be awed by it.