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oxbquant
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oxbquant
@oxbquant
convexity comes in many forms
residualizing Katılım Mart 2024
120 Takip Edilen8.6K Takipçiler

Just in: Shayne Coplan (@shayne_coplan), CEO of @Polymarket, drops real advice every aspiring founder needs to hear:
“I dropped out when I was 18, from college, and there were almost three years of complete brutality: things not working, me trying to build things, me learning different things, running out of money, and being stressed about rent. Like, the whole nine yards. And I think the thing I would say is, if you really wanna do this, if you really feel like it's your calling, don't half-ass it. Go all in. Don't hedge your bets.”
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You need to stop sharpening your axe all day and start cutting a tree. Stagnation happens when the toolkit becomes more important than the target. The most important tool is a clear understanding of what you’re trying to achieve.
Santiago R Santos@santiagoroel
I have a constant feeling of being behind on AI and having a suboptimal stack What’s your optimal setup - post below
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@bugsquelcher every period of true restoration always has coming back to ourselves at the center of it
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@JonErlichman the moment you become afraid of losing something, you begin to bend for it. in bending, you often set in motion the very chain of events that causes you to lose it
fear makes you pliant, and pliance brings irrationality
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nyc provides infinite optionality, which means you can perpetually avoid the commitments that force psychic maturation.
this is why when you speak to a 30yo in nyc it’ll almost always feel like you’re talking to a 20 year old.
this is primarily due to the fact that most ppl in nyc have never been forced to close doors. & closing doors is literally what growing up is.
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Made me tear up. In the end, success in life comes down to a few inflection points. And for folks who don’t come from money, getting into a top school is easily THE thing that changes everything that is to come. Well worth the 4 min watch.
Anthony Pompliano 🌪@APompliano
This is incredible. Watch this young woman realize she is going to change the trajectory of her entire family. She sits with her parents while she opens her Ivy League application decisions. Congratulations to their entire family.
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@__paleologo "There is no scorn more profound, or on the whole more justifiable, than that of the men who make for the men who explain. Exposition, criticism, appreciation, is work for second-rate minds."
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the anchoring of life expenses to the lowest possible value so that volatility above that anchor is irrelevant.
I actually like this a lot, was just hearing Hormozi talk about it. I've always tried to keep that anchor for myself as low as possible. it allowed me to take risks that I wouldn't have otherwise. I don't have things I'd like to have, and could have, but prefer not to as I am still in the risk taking phase of my life. I can just press much further than most people, because it's irrelevant for me if I lose a large chunk of it.
if the anchor for basic expenses is low enough, any volatility above it is kinda irrelevant. the gap between that anchored cost, and the upside above that, will determine how significant those changes are for my lifestyle.
for example, if my basic lifestyle needs are met at 2k a month, then either being up 20k or 5k in a month is irrelevant because its just volatility so up far from that anchor that I only suffer if I choose to get too attached to the highest number. especially in a business where volatility is guaranteed and you'll go through lengthy drawdowns at times. it's not like we have a monthly salary. but if you're too worried about each 5% dip in equity, oh well, it will be hard to do anything here.
on the other side I also wouldn't want to get desensitized to the money, as its important to respect it. I wouldn't go on a gamble spree just because I have leftovers. I am talking specifically about people that have a clear edge or a good business that requires further risk to try and scale it. but suffering all the time because oh I was at X equity 6 months ago, is just going to make my life much more painful than it has to be. If I can cover my monthly expenses with a reasonable margin, I am happy and I can risk above that.
obviously the volatility is important to be understood if its just normal fluctuations of the business or sustained losses. that's besides the point though.

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@ThinkingUSD @DeepDishEnjoyer "don't stop when you're tired, stop when you're done"
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@DeepDishEnjoyer this cope is glorious, jobs not finished until you can't afford rent
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he is making shit up. there is zero - literally zero chance - that the irgc would agree to this. they would absolutely rather martyr themselves if it came to that
Aaron Rupar@atrupar
COLLINS: Who's gonna be in control of the Strait of Hormuz? Who's gonna be in control of that? TRUMP: Uhhhh it'll be jointly controlled COLLINS: By who? TRUMP: Maybe me. Maybe me. Me and the next ayatollah, whoever that is. There will also be a serious form of regime change. Look at Venezuela.
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@sporadica "when you let something simmer too long, eventually it'll boil over"
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