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Authors Woody

7 days 30 days All time Recent Popular
Woody
Woody
@realest8hodler
Some insights I wanted to share with you from Tony Deden's speech (in his own words) at the Observer's conference from late 2018.

This is PURE GOLD, some incredible gems being dropped by Deden, as usual. It's especially relevant now more than ever.

1/

Savings accumulated over a lifetime is something precious & irreplaceable & in order to protect it one must first respect it, & in seeking to deploy it one must acquire a sense of detachment from the noise of the dance hall & find what is valuable in context of irreplaceability 2

The idea of a prudent man has been replaced with microsoft excel, financial calculus, risk officers and the compliance industry. And the idea of investment value became very fuzzy. 3/

A prudent man must seek to satisfy himself about the means to an end. This demands that he revisit, again & again, the elemental principles of his craft. What is money? What is wealth? What is savings? What is time? What is scarcity? What is value? What is risk? 4/

At the root, we all inevitably measure value in terms of money, overlooking the fact that money in itself can never be a measure of value. It made no sense. It seemed to me that there must exist an understanding of value independent of the money in which it is expressed. Why? 5/
FOR LATER READ
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