A small write up on how the OPTION PRICES BEHAVES AT SUPPORT & RESISTANCE

Happy New Years y’all...

I was going to take a little nap until morning but that can wait 😅

So much has bothered me but nothing more than how everything has been manufactured, everything...

We are literally living in an illusion...

1/ there is this sense when you are young that your accomplishments need to be a list of things that seem impressive to others. A list of several items you did.

This isn't actually right, so here is another suggestion.

2/ I remember being 26 and writing about reading 52 books a year. I wrote blog posts about it. They got copied. It became "a thing." Now it's in Twitter bios. It looks impressive but it's insanely useless and I shouldn't have done it.

3/ what I should have known at that time is that only young idiots like myself, with no accomplishments, find list of tiny achievements impressive. Anyone who has actually done anything of substance doesn't gaf

4/ what is actually difficult, and worthwhile, instead is to do ONE single thing for a very, very long time. It's much harder and much rarer and results in outlier outcomes much more often.

Of course you can find this out too late if you are chasing the dragon of Ted talks etc

5/ if I had only worked on a startup for a year, I would've gotten nowhere, the same way that if you lift for 3 months, it achieves nothing. Everything good in life comes from perseverance, but at the beginning, you're just like "I need to be somebody!!!"

1/ There is so much idol worship in Silicon Valley re: successful founders and investors. But there is a common denominator for success which is rarely addressed: Privilege

I want to confess my own journey of success, as it relates to Privilege.

2/ My Korean parents were poor when they arrived to the US, seeking opportunities for their future kids. Upon immigrating, my father Germanized the spelling of our last name (B-A-H-N), with the rational that a white-sounding last name would open up opportunities. I think it has.

3/ By the time I was born, my parents were doing very well. I never suffered their trauma of poverty. I lived in a big house and went to the best public schools. As a kid, I never felt like I was missing any resources.

4/ Partly because of my abundant resources, I was able to attend Stanford. Mom and Dad paid for that too, and I graduated with no debt. They even bought me a Honda after completing grad school! (I know, spoiled brat)

5/ With my family safety net, great education, zero debt, economy car, and abundance mindset--I went forth into the world ready to take huge risks. Taking risks was easy and natural, because I COULD AFFORD IT. Success followed.