Adam Kell

R/wallstreetbets is fake real money. R/cryptocurrency is real fake money.

America’s top universities should abandon their long misadventure into politics, retrain their gaze on their core strengths and rebuild their reputations as centers of research and learning. My take:

My favorite Charlie Munger story: In 1953, Munger was 29 years old. Recently divorced. Lost the house. Huge social stigma of divorce back then. His 8-year-old son, Teddy, was diagnosed with cancer. The leukemia was incurable. No medical insurance - Munger paid for all his medical care. Charlie would visit Teddy in the hospital every day -- and then walk the streets crying. Teddy died at the age of 9. Charlie was broke, divorced and just lost his child. 99.9% of people would've turned to alcohol, drugs, or suicide. (And you'd understand why) Munger never did. Fast forward to 52 years old, a failed surgery left him blind in one eye with the potential of going fully blind one day. Charlie was an obsessive learner who read every book he could get his hands on. When confronted with the possibility of going blind and no longer being able to read he said: "It's time for me to learn braille!" The only thing that might be more impressive than his intellect was his actions. RIP. --------- Munger on Self-Pity: "Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought. Self-pity gets pretty close to paranoia… Every time you find your drifting into self-pity, I don’t care what the cause, your child could be dying from cancer, self-pity is not going to improve the situation. It’s a ridiculous way to behave. Life will have terrible blows, horrible blows, unfair blows, it doesn’t matter. Some people recover and others don’t. There I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and that your duty was not to be immersed in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea."

@LynAldenContact Meme game is up bigly yoy

Anyway, goodnight.

everything 👏 is 👏 monocausal 👏 and 👏 specifically 👏 results 👏 from 👏 whatever 👏 shit 👏 I'm 👏 on 👏 about 👏 at 👏 any 👏 given 👏 time

The 2-year yield is down 85 bps in the last 3 trading days (from Wed, Mar 8 close, the day Powell finished testimony). In the last 40 years only 1 time has the 2-year declined this much over 3 days, the 1987 stock market crash. Also last Wed the market was pricing a 80% probability of a 50bps hike. Now, a 44% probability of NO MOVE!

We’ve seen a gazillion startups using OpenAI APIs to do “co-pilot for X”. What’s next? Enter *physical* co-pilot! Here’s a compelling demo: you improvise by playing a “low resolution” piano, and the co-pilot compiles it real-time to Hi-Fi music! It unleashes our inner pianist.🧵

@maxmautner @SomisomiHQ Nice! I went on Saturday night!

7 years ago this week @samanfarid @adamhkell @MGPancoast and I co-founded @CometLabs. Comet was an early-stage VC firm and accelerator, backed by Baidu and Lenovo, investing in AI startups in SF/the US. It’s hard to believe where AI and China-US relations are at today…

"We say “peace of mind” but really what we want is peace from mind." @naval

@AdamMGrant Black could be “things that I know I don’t know” and a circle 100x that size could be “things that I don’t know I don’t know”

Saying "I don't know" doesn't reveal ignorance or insecurity. It reflects confident humility. Insecurity drives us to pretend we have the answers. Confident humility gives us the courage to ask questions. You can't learn if you can't admit you have something to learn.

Let Ethereum sleep; for when she wakes, she will shake the world.

r/wallstreetbets is now the largest hedge fund in the world. Excepts it’s completely decentralized and entirely democratic.

@minney_cat It’s the thing that we like

I'll bite: what is a stonk...?

I signed the Harpers letter because there were lots of people who also signed the Harpers letter whose views I disagreed with. I thought that was the point of the Harpers letter.

We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did.

Obama on call-out culture is such an anthem for our times.

"A rational person can find peace by cultivating indifference to things outside of their control." - @naval

I HATE BEING QUARANTINED STUCK IN ONE STUPID BUILDING ALL THE TIME I WOULD RATHER GO BETWEEN THE SAME TWO OR THREE BUILDINGS REPEATEDLY DOING THE SAME ACTIVITIES IN AN ALMOST IDENTICAL ORDER NOW THATS LIVING

"Decisions:• If you can’t decide, the answer is no.• If two equally difficult paths, choose the one more painful in the short term (pain avoidance is creating an illusion of equality).• Choose the path that leaves you more equanimous in the long term." - @naval