x_master

My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time. He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha. He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life." He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflation hedge, and why he was wrong about Warren Buffett. But what I'll remember most from this conversation is Paul's zest for life. He's 71 and still wakes at 2:30 every morning to trade the London open. He works out for two hours a day. He walks with his wife every evening. He travels the country chasing peak spring and peak fall. He's so excited about the songs picked for his funeral that he wishes he could be there to hear them. Paul has lived five lifetimes in one. He's one of the most entertaining and interesting people I've met, and the conversation will leave you searching to be as passionate about what you do as he is about what he does. Enjoy! Timestamps: 0:00 Intro 1:00 The Kindest Thing 13:19 Trading vs. Investing 17:33 Lessons from Warren Buffet 22:24 The Existential Risks of AI 29:54 The Nature of Trading 31:46 Bitcoin 35:55 Bubbles 42:08 A Day in the Life of PTJ 46:00 Information Overload 47:07 Passion for Markets 50:49 The Robin Hood Foundation 54:18 The Workless World 56:03 Journalism 1:00:00 Principal Components of a Great Life 1:05:06 Kill Them With Kindness

@felixprehn Wookbook

Just created a complete investing workbook covering entry/exit strategies, position sizing formulas and the systematic approach making 10% of traders profitable. I shared this with my 20,000+ students. For 24 hrs, it's yours for FREE. Like + comment "WORKBOOK" and I'll DM it.

Build a Trading System: Step-by-Step 👇 90% of traders lose because they don't have a system. If you're serious about trading long-term, this thread will save you YEARS of struggle: 7 steps to build a profitable trading system 🧵

The holy grail of finance books that are must reads > The Outsiders > Den of Thieves > Barbarians at the Gate > More Money than God > Lords of Finance > The House of Morgan > Snowball: Warren Buffett > Poor Charlie's Almanac > The House of Rothschild > Predator's Ball > Smartest Guys in the Room > When Genius Failed > The Man Who Solved the Market > Sam Walton: Made in America > Cable Cowboy > Alchemy of Finance > Invisible Child > War and Gold > The Ascent of Money > King of Capital > The Caesars Palace Coup > Titan: John D Rockefeller > The Big Short

Warren Buffett said anything above 200% means "you are playing with fire." It just hit 232%. Highest reading in the history of the American stock market. The metric is called the Buffett Indicator. He called it "probably the best single measure of where valuations stand at any given moment." It divides total stock market value by GDP. At 232%, investors are paying more than double what the entire economy produces. Buffett's response: sold $134 billion in stocks. Built a $334 billion cash pile. Then resigned. He has done this exact move twice before. 1999: sat on $28 billion cash. Media called him washed. Nasdaq was at 5,000. Eighteen months later it was 1,100. 78% crash. Apple went from $4.50 to $0.50. Amazon from $107 to $7. Buffett bought everything at pennies. 2007: raised cash to $44 billion. Everyone said housing never goes down. Lehman collapsed. Buffett walked into Goldman Sachs with a $5 billion check and demanded 10% preferred dividends plus warrants. Made $3.7 billion on one trade because he was the only person in the room with cash. 2025: $334 billion. 7.6x his 2007 position. In treasury bills. Earning 5%. Waiting. Meanwhile your financial advisor just emailed you saying the worst is over. S&P rallied 10%. CNBC is celebrating. One of them manages $1.1 trillion. The other sells advertising. The Buffett Playbook at your scale: → Raise cash to 20-30% of your portfolio. Trim positions that ran 200%+. Taking profit at the highest valuation in market history is not timing the market. It's arithmetic. → Park the cash in 3-month T-bills at 5.2%. Fidelity, Schwab, Vanguard. $0 commission. Same rate Buffett is earning on $334 billion right now. → Set limit orders 30-40% below current prices on companies you actually want to own long-term: AAPL at $145 (currently ~$210) MSFT at $280 (currently ~$410) GOOG at $120 (currently ~$175) AMZN at $135 (currently ~$195) Market drops? You buy automatically at your price. Market doesn't drop? You're earning 5.2% instead of sitting at peak valuation praying. → Hedge with what BlackRock is buying: GDX (gold miners at widest discount to spot in 20 years), FCX (copper for AI infrastructure), CCJ (uranium — demand mandated to triple, supply 7,000 tonnes short). Your advisor's fee is a percentage of your invested assets. Cash in T-bills doesn't generate their 1% management fee. Every dollar you move to safety is a dollar that stops paying them. When they say "stay the course" — ask yourself whose course. Buffett has 82 years of pattern recognition and the largest cash position in Berkshire's history. Your advisor has a commission structure. They are giving you opposite advice for opposite reasons. every week i break down what institutional money is actually doing and how retail investors can position around it. former banker. not a guy selling you a course. felixfriends.org/live (the buffett indicator just hit the highest reading in american history. he said 200% means playing with fire. it's at 232%. he's sitting on $334 billion cash. he did this twice before. both times the market crashed within 18 months. your advisor told you to stay the course. his fee depends on you staying invested. buffett's returns depend on buying cheap. opposite advice. opposite incentives.)

An article on why the strongest system needs a human 👇

HOW TO TEXT MESSAGE GIRLS Texting can be a super fun way to stay in contact with a girl, and to build up rapport and interest with her prior to a date, to a conversation or sometimes your first conversation. But where do you start? [Thread]

Websites where you can download unlimited books for free: 1. planetebook .com 2. oceanofpdf .com 3. freecomputerbooks .com 4. zlibrary .to 5. bookboon .com 6. gutenberg .org 7. manybooks .net 8. pdfdrive .com 9. digilibraries .com 10. openlibrary .org

@lemonhut2 Send a copy

a must read 💯

@elonmusk Hey @grok what are the titties for

Visual intelligence beyond the human paradigm

@polo_kimanii It's a phenomenon that nobody understands and are one of the ways we see the works of Elohim

When driving,I realized that I have been zoning out alot ,averaging about 7 seconds of being in absent minded state. Yani nimekamata steering namna hii kwa barabara,lakini akili iko singapore creating fake scenarios on how I would be living life if I won the jackpot. I was shocked at first because tgis is dangerously leathal,I can easily get in an accident. So I did a deep dive on the internet and found so many people sharing similar experiences on reddit. Mostly mzungus My landing conclusion is that when I zone out with my consciousness,my sub-consciousness is left behind controlling my body and eyes. So I am there,but not entirely there,its like i am there remotely. And by this virtue I can further expand my research to the understanding that our bodies are merely vessels under the control of our subconsciousness,that we have no control over. We only have control over the consciousness. Our thoughts emanate from the sub. This is to mean they reveal themselves to us and we do not entirely have control over them. We do what is suggested to us Your body and mind bear and carry the burden of decisions that have been made by the sub conscious. Almost as if there is an alien host controlling us like vessels. This is a phenomenon that I am yet to understand what it means or what to do with it,but its there.

@polo_kimanii @xysist Usifold hii ni ile 260 billion bill gates alicha

@xysist Page ngapi kwanza?

Mtanunua hii? I have written a nice article in there 👀

@KE_MrBlack Kuna politician Babu "aliambia let me pump knowledge into that head."

Kuna hii time Babu Owino alisema kwa parliament "Half of the people here are fools" akaambiwa a take back his words, akasema "I'm sorry, half the people here are not fools" na hawakujua bado haja apologize😂😂

If you’re not going to give up on trading, repost this.

Iran has recently warned kenya to watch its mouth. Na ujue kenya hatuna ata missle system. The best we can do ni KDF wanunuliwe feya watumie kurusha grenade wakiwa mombasa. But @WilliamsRuto na ujinga yake,na degree yake ya kunusa miti also known as botany,he thinks its wise to announce hes backing Israel simply because theres money to be made. Hey @IRIran_Military. I just want you to know that if you decide to punish Kenya,dont punish all of us. Just bom statehouse. And another hotel called weston hotel near JKIA. Thank you for you attention to this matter Yours sincerely Kimani

50 Personal Growth Books to Transform Your Life 📚 1. 📚 Atomic Habits – James Clear 2. 📚 The 7 Habits of Highly Effective People – Stephen R. Covey 3. 📚 Think and Grow Rich – Napoleon Hill 4. 📚 How to Win Friends and Influence People – Dale Carnegie 5. 📚 Man’s Search for Meaning – Viktor E. Frankl 6. 📚 The Four Agreements – Don Miguel Ruiz 7. 📚 The Power of Now – Eckhart Tolle 8. 📚 Deep Work – Cal Newport 9. 📚 Grit: The Power of Passion and Perseverance – Angela Duckworth 10. 📚 Mindset: The New Psychology of Success – Carol S. Dweck 11. 📚 The Subtle Art of Not Giving a Fck* – Mark Manson 12. 📚 Big Magic: Creative Living Beyond Fear – Elizabeth Gilbert 13. 📚 You Are a Badass – Jen Sincero 14. 📚 Eat That Frog! – Brian Tracy 15. 📚 Can’t Hurt Me – David Goggins 16. 📚 The 5 AM Club – Robin Sharma 17. 📚 Meditations – Marcus Aurelius 18. 📚 The One Thing – Gary Keller & Jay Papasan 19. 📚 The Alchemist – Paulo Coelho 20. 📚 Start With Why – Simon Sinek 21. 📚 Essentialism: The Disciplined Pursuit of Less – Greg McKeown 22. 📚 The Art of Happiness – Dalai Lama & Howard Cutler 23. 📚 Daring Greatly – Brené Brown 24. 📚 Unlimited Power – Tony Robbins 25. 📚 Who Moved My Cheese? – Spencer Johnson 26. 📚 Quiet: The Power of Introverts in a World That Can’t Stop Talking – Susan Cain 27. 📚 The Road Less Traveled – M. Scott Peck 28. 📚 Awaken the Giant Within – Tony Robbins 29. 📚 Digital Minimalism – Cal Newport 30. 📚 Feel the Fear and Do It Anyway – Susan Jeffers 31. 📚 Born a Crime – Trevor Noah 32. 📚 Outliers: The Story of Success – Malcolm Gladwell 33. 📚 Drive: The Surprising Truth About What Motivates Us – Daniel H. Pink 34. 📚 The War of Art – Steven Pressfield 35. 📚 Buy Yourself the Fcking Lilies* – Tara Schuster 36. 📚 Maybe You Should Talk to Someone – Lori Gottlieb 37. 📚 How to Do the Work – Nicole LePera 38. 📚 The Attention Revolution – B. Alan Wallace 39. 📚 8 Rules of Love – Jay Shetty 40. 📚 Failing Forward – John C. Maxwell 41. 📚 Philosophy for Life – Jules Evans 42. 📚 Love Yourself Like Your Life Depends on It – Kamal Ravikant 43. 📚 The Gifts of Imperfection – Brené Brown 44. 📚 10% Happier – Dan Harris 45. 📚 Waking Up – Sam Harris 46. 📚 The Slight Edge – Jeff Olson 47. 📚 QBQ! The Question Behind the Question – John G. Miller 48. 📚 Stop Overthinking – Nick Trenton 49. 📚 Choose Wonder Over Worry – Amber Rae 50. 📚 An Astronaut’s Guide to Life on Earth – Chris Hadfield These Books reflect a mix of modern and classic self-improvement concepts​​​​. Source: Compiled from Various Platforms If you enjoyed this, please consider Bookmarking it and sharing it with others. Also, don't forget to follow me for more content like this.🙌

How do you think about “periods when you are doing the right things but not making money”? In trading, doing the right things does not mean you will win on the trade in front of you. For example, a 50% win rate does not mean wins and losses will alternate. You can lose three times in a row. And just because you have lost three times in a row does not mean the next trade is any more likely to be a winner. Probability does not remember the previous result. This is a world of uncertainty, and a world in which short term results are heavily influenced by randomness. If you are doing the right things, meaning you have tested and practiced in advance on a large sample size and are continuing to execute a system with positive expectancy consistently, then what matters is how you think during periods when profits are not showing up very much. There is a profound difference in consistency between someone who interprets that period as “the system is broken” or “the market has changed,” and someone who sees it as “still in the middle of collecting samples.” And that way of thinking, that interpretation, is precisely your belief structure, your thought process, and the length of your perspective. If you have a short term perspective, hold the value system that “winning is good and losing is bad,” and use the result in front of you as your constant basis for judgment, then emotions corresponding to that thought process will inevitably arise. And those emotions will drive behavior that matches them. That is why I always say we need to transform those beliefs through thorough testing and practice. A shift in belief cannot be achieved through intellectual understanding alone. Simply knowing the data is meaningless. You must make the law of large numbers work again and again “with your own hands,” and through that process, repeatedly experience with your own hands the variance and distribution specific to the strategy, while repeatedly going through the experience of being left with profits over the long run. Through these experiences, your beliefs begin to change, and your thought process changes with them. Your perspective becomes long term, and you become convinced that continuing consistent action is what leads to success. You stop trying to stray from the path midway through. That is because this new belief structure and thought process begin to generate a different set of emotions in response. You begin to feel aversion to deviating from the rules. And those emotions begin to drive you to act in a way that absolutely does not let you drift away from them. In other words, how you interpret “periods when you are doing the right things but not making money” depends on how, through your preparation in advance, you have experienced and practiced through those periods that inevitably occur. In the world of trading, where short term results are heavily influenced by randomness, having a long term perspective is indispensable. But a long term perspective is not something you acquire by simply deciding to “think this way.” It is built along the extension of thorough preparation, testing, building a system with an edge, and practice, and all of it is connected as a single structure. If you do not yet have that structure, I wrote the blueprint for building it. → payhip.com/b/bqKpV

6 Top YouTube Documentaries to Watch 1. The Heart: The Most Powerful Organ in the Body —DW Documentary 2. CRPS: Living With the World’s Most Painful Disease — Only Human 3. Global Illegal Trades: Trafficked by Marianna Van Zeller —Nat Geo 4. Abuse in the Church — DW Documentary 5. The Dark Side of Kenya’s Emergency Medical — @AfUncensored, Africa Uncensored 6. Searching for Clues; Donations for Terrorism? —DW Documentary

Investors don’t realize gold ALWAYS crashes during an oil-driven crisis. It happened in all major oil shock in the last 50 years - 1973, 1979, 1991, 2001, and 2022. In this thread, I'll break down exactly why it happens and what institutions expect happens next:

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