Cam

Take the risk. It all goes to zero.

@eptwts There aren't too many books I can say actually made me smarter. But hands down, Anti-fragile by @nntaleb did. If you want to learn how to make decisions in a world of uncertainty, this is the book.

has any book that actually impacted how you live your life & helped you get to where you are? i'm trying to stack up my bookshelf so gonna do a bulk order of books - any input would be appreciated ideally marketing, business, psychology, etc.

@Kpaxs I’ve noticed, the more I’ve matured, the more an observer i’ve become. From people, to outcomes, markets, and my own thoughts. You don’t have to attach a story to everything.

Not everything you encounter deserves entry into your mind. Not every opinion deserves residence. Not every insult deserves reflection. Not every fear deserves belief. Not every failure deserves a permanent identity.

@theswansjr And a $113,000,000,000 market of Miners, perfectly incentivized to secure the network, using income producing hardware. 💯

"Bitcoin isn't backed by anything." Let me stop you right there. Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics. The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting. Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof. The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee. There's just math. Cold, indifferent, and immune to political theater. The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day. Now let's talk about what is backed by nothing. The dollar. It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing. In the same people who can't pass an audit. Who fund wars with a credit card. Who promise solvency while sitting on $39 trillion in debt and accelerating. "Backed by nothing" isn't an attack on Bitcoin. It's a confession about the dollar. Follow if you're serious about building wealth they can't print away.

Design is planning with an aesthetic sense

Man should be the final arbiter of judgement. Always. Experience teaches you what information you need, and what you don’t. Books, experience, pen, and paper may be a powerful tool stack. How do you do this? Projects. A bad project will teach you more than the perfect course.

I noticed this playing chess. The long-term goal is always check mate. Getting there isn't always clear on a single move. So you grind it out one move at a time. Sometimes you position; Sometimes take a weak pawn; sometimes retreat. Every move is pushing you forward

People don’t care how smart you are; they care how smart you make them feel

@hamptonism You can sum IQ in one word: Action.

What’s a definitive sign of high IQ?

You can waste time complaining how you wish the world would conform to your view; how you wish people could see how righteous you are; how you know what's best for all individuals in the realm. But no one cares. Focus on changing yourself before changing the world.

Your thoughts don’t make you right

Production over potential

We lie to ourselves more than anyone else

Bitcoin is the new hurdle rate.

@naval Those who want it badly are constantly searching for it. As if obsessed.

Creation manifests through those who want it badly enough.

@chrissssjohnson Most are addicted to victimhood and would rather sink into the depths of an average life than having the enlivening thrill of taking action in spite fear.

I’m not afraid of losing money, failing publicly or starting over, I’m afraid of being in the same spot I was 10 years ago, same ideas, same dreams, same fears, same income, same hopes, same wishes, same struggles, same doubts. I’d rather take the risk and bet on myself now

Investing is a game of curiosity.

The price of an asset is more volatile than the underlying asset itself. Stocks are generally more volatile than the operating companies they represent; Bitcoin's price can be more volatile than the actual network.

The value of most advice is zero.

The hard part of entrepreneurship is silencing the opinions of those who were too afraid to try. They’re right in short-term, wrong in the long-term. People who succeed, are people who never quit.

Perfectionism is the fear of failing