Authors Sahil Bloom
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Shared a lot of wins publicly in 2021, so it feels appropriate to share the losses just as publicly.
Here are my 10 biggest Ls from 2021 (and what I learned from each one):
Dopamine Addiction
Humans were not made for social media—the dopamine hits are dangerous.
I fell victim.
On several occasions, I found myself constantly refreshing my notifications on a viral thread.
It was gross.
I’m learning to physically force separation to avoid it.
Hustle Culture Fail
I spent the better part of the last decade as a hustle culture aficionado.
Then I burned myself out and was totally incapable of thinking creatively.
I made a change. Now I:
• Work like a lion
• Sleep 8 hours
• Take more walks
My life & work have 10Xed.
Solana Fail
I invested in Solana early and was riding high when it hit $30+ in April—10X+ on my investment.
I sold it and thought I was the next Warren Buffett.
Then it hit $100, $200, & $250—as I stubbornly sat on the sidelines refusing to re-enter.
I am not Warren Buffett.
The Hedonic Treadmill
I tweeted this in May—and then failed to practice what I preached.
Every win felt a bit less exciting. It’s part of our biology, but it was no way to live.
Measure internally, not externally.
Here are my 10 biggest Ls from 2021 (and what I learned from each one):
Dopamine Addiction
Humans were not made for social media—the dopamine hits are dangerous.
I fell victim.
On several occasions, I found myself constantly refreshing my notifications on a viral thread.
It was gross.
I’m learning to physically force separation to avoid it.
Hustle Culture Fail
I spent the better part of the last decade as a hustle culture aficionado.
Then I burned myself out and was totally incapable of thinking creatively.
I made a change. Now I:
• Work like a lion
• Sleep 8 hours
• Take more walks
My life & work have 10Xed.
Solana Fail
I invested in Solana early and was riding high when it hit $30+ in April—10X+ on my investment.
I sold it and thought I was the next Warren Buffett.
Then it hit $100, $200, & $250—as I stubbornly sat on the sidelines refusing to re-enter.
I am not Warren Buffett.
The Hedonic Treadmill
I tweeted this in May—and then failed to practice what I preached.
Every win felt a bit less exciting. It’s part of our biology, but it was no way to live.
Measure internally, not externally.
The Hedonic Treadmill is real.
— Sahil Bloom (@SahilBloom) May 21, 2021
Humans have a tendency to quickly return to a baseline level of happiness after positive events.
Step off the treadmill.
Focus on increasing your happiness baseline, not on the height or frequency of the spikes above it.
THREAD: Robinhood and other brokerages came under fire last week for restricting trading in certain securities, including $GME and $AMC.
A thread simplifying the underlying mechanics of this drama and explaining why our archaic T+2 settlement system is to blame...
1/ First, if you're unfamiliar with the backdrop to this story, here are the basics.
GameStop (and other "meme stocks") saw a massive price spike last week.
There were fundamental and technical reasons for the rise.
My thread below is a helpful primer.
2/ On Thursday, several brokerages, including the popular @RobinhoodApp, halted or restricted trading in many of these stocks.
The public outcry was immediate (and very loud).
Amazingly, it even had @AOC and @TedCruz agreeing on something.
3/ There was speculation suggesting that Robinhood was involved in something nefarious.
Many pointed to their relationship with Citadel - a buyer of Robinhood order flow and a part-owner of infamous $GME short Melvin Capital - as a potential driver of the trading halts.
4/ But while this story made for headline-grabbing news, the real driver of the trading halts was much more mundane.
It has to do with our financial system's archaic "T+2 settlement" infrastructure.
It can get a bit complex, so let's simplify it here for everyone to understand.
A thread simplifying the underlying mechanics of this drama and explaining why our archaic T+2 settlement system is to blame...

1/ First, if you're unfamiliar with the backdrop to this story, here are the basics.
GameStop (and other "meme stocks") saw a massive price spike last week.
There were fundamental and technical reasons for the rise.
My thread below is a helpful primer.
THREAD: The story of the week in finance is how a group of retail traders at @wallstreetbets, with assists from @ElonMusk and @Chamath, took down the establishment short sellers at GameStop.
— Sahil Bloom (@SahilBloom) January 27, 2021
A thread on the underlying mechanics of the $GME saga... pic.twitter.com/0TP9rst17A
2/ On Thursday, several brokerages, including the popular @RobinhoodApp, halted or restricted trading in many of these stocks.
The public outcry was immediate (and very loud).
Amazingly, it even had @AOC and @TedCruz agreeing on something.
Fully agree. \U0001f447 https://t.co/rW38zfLYGh
— Ted Cruz (@tedcruz) January 28, 2021
3/ There was speculation suggesting that Robinhood was involved in something nefarious.
Many pointed to their relationship with Citadel - a buyer of Robinhood order flow and a part-owner of infamous $GME short Melvin Capital - as a potential driver of the trading halts.

4/ But while this story made for headline-grabbing news, the real driver of the trading halts was much more mundane.
It has to do with our financial system's archaic "T+2 settlement" infrastructure.
It can get a bit complex, so let's simplify it here for everyone to understand.