Four steps to learn anything:
(1) Identify a topic
(2) Try to explain it to a child
(3) Study to fill in gaps
(4) Organize, convey, and review
True genius is the ability to simplify, not complicate.
Simple is beautiful.
22 ideas from 2022.
The top 1% of ideas I encountered:
Four steps to learn anything:
(1) Identify a topic
(2) Try to explain it to a child
(3) Study to fill in gaps
(4) Organize, convey, and review
True genius is the ability to simplify, not complicate.
Simple is beautiful.
1. Family time is limited—cherish it.
2. Friend time is limited—prioritize real ones.
3. Partner time is significant—never settle.
4. Children time is precious—be present.
5. Coworker time is significant—find energy.
6. Alone time is highest—love yourself.
Most of your friends aren’t really your friends. They‘re just along for the ride when it’s fun or valuable.
The real ones are there for you when it’s neither—there for you in your darkest hour.
Treasure your Darkest Hour Friends.
Be one to someone else.
How to make new habits stick:
With whatever habit you're trying to build, never allow yourself to skip more than one day in a row.
Creates forward progress—but allows for the vagaries of life to enter without derailing momentum.
When a surfer gets up on a wave, they enjoy the moment, even though they know the wave will eventually end (and maybe crash on them).
They enjoy the ride—knowing that there are always more waves coming.
A powerful mentality for riding the waves of life.
When you think something nice about someone, let them know.
It's a shame that we often wait until a person's funeral to say all of the nice things we thought about them.
The next time you have a positive thought about someone—tell them right then.
Time is our most precious asset.
When you're young, you are a "Time Billionaire”—literally rich with time.
Too many fail to realize the value of this asset until it is gone.
Treat time as your ultimate currency—it’s all you have and you can never get it back.
Some of what we call "luck" is actually the macro result of thousands of micro actions.
Your daily habits can put you in a position where "luck" is more likely to strike.
It's possible to increase your serendipity surface area and engineer your own luck.
The idea that free time is bad is one of the greatest lies you’ve been told.
The reality: Free time is a call option on future interesting opportunities.
When you have free time, you have the headspace and bandwidth to pursue high-upside ideas.
Researchers studied the effects of a walk on the cognitive performance of a group of children.
Reading comprehension was significantly better after exercise. Spelling and arithmetic were modestly better.
Recess is sacred—for children and adults alike!
Parkinson's Law says that work expands to fill the time available for its completion.
When you establish fixed hours to work, you'll find unproductive ways to fill it.
Work longer, get less done.
Work like a lion instead—wait, SPRINT, rest, repeat.
Every relationship exists on a 2x2 matrix of:
(1) How healthy it is
(2) How enjoyable it is
Q1 Relationships are healthy & enjoyable.
Focus on spending more energy on your Q1 relationships—cherish them.
Scrub the Q4s from your life.
h/t @waitbutwhy
Learn the difference between important and urgent.
Place tasks on a 2x2 matrix:
• Important & Urgent
• Important & Not Urgent
• Not Important & Urgent
• Not Important & Not Urgent
Prioritize, delegate, or delete accordingly.
Taking more advice leaves you less well-equipped.
Most advice sucks.
It's well-intentioned, but it's dangerous to use someone else's map of reality to navigate yours.
Winners learn to filter and selectively implement—take the signal, skip the noise.
Record a video interview with your parents.
Ask them to tell stories about their childhood, adventures, dreams, and fears.
Our time with them is finite—but we often fail to recognize it until it's too late.
The experience and recordings will last forever.
You have to put in more effort to make something appear effortless.
Effortless, elegant performances are often just the result of a large volume of effortful, gritty practice.
Small things become big things. Simple is not simple.
Black Lines = Paths Closed
Green Lines = Paths Open
We spend too much time focusing on what might have been (black) and not enough time focusing on what may be (green).
Never underestimate the density of opportunity that lies ahead.
h/t @waitbutwhy
Most people don't really care about you.
The Spotlight Effect says that we overestimate the degree to which other people are noticing our actions.
This is liberating—stop worrying about what others think, be yourself, and live according to your values.
Researchers studied the impact of meetings on our brains.
Two takeaways:
(1) Back-to-back meetings promote stress.
(2) Short breaks in between meetings resulted in performance improvements.
Always schedule short breaks in between your meetings!
Most of us need fewer friends and more intellectual sparring partners.
Friends are easy to come by.
Intellectual sparring partners are harder to find.
They will call you on your BS, question your assumptions, and push you to think deeply.
The goal is to minimize the number of regrets in life.
When faced with a tough decision:
• Project into the future
• Look back on the decision
• Ask "Will I regret not doing this?"
• Act accordingly.
Regret is more painful than failure.
When faced with two paths, choose the path that puts you in the arena.
It's easy to throw rocks from the sidelines.
It's scary and lonely in the arena—but it's where growth happens.
Once you're in the arena, never take advice from people on the sidelines.
Follow me @SahilBloom for more in 2023.
I write about these ideas in my 2x weekly newsletter. Join 150K others who receive it! https://t.co/rY0JDHUa5J
500k+ views in just over an hour.
I’d be interested to see what traditional media outlets get when they share new articles.
The Jerk Razor
If you meet a jerk once a month, you’ve met a jerk. If you meet jerks every day, you’re a jerk.
h/t @nytdavidbrooks
The BS Asymmetry Principle
The energy required to refute bullshit is much larger than the energy required to produce it.
This is why BS spreads so easily.
It's also why we need to make a deliberate effort to fight back against it.
Harsh Truth: You'll only see your loved ones a few more times.
The time we have with our parents is limited—the vast majority of it behind you by the time you leave home.
Don't hide from the math—make changes to prioritize time with loved ones.
h/t @waitbutwhy
More from Sahil Bloom
THREAD: With #silversqueeze trending on Twitter, it appears that this week's market spectacle may well be in the silver market.
A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.
The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.
H.L. Hunt had amassed a billion-dollar fortune in the oil industry.
He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.
By the late 1970s, the family's fortune was estimated to be ~$5 billion.
In the financial world, the Hunt name was as good as gold (or silver!).
3/ But the 1970s were a turbulent time in America.
Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.
4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.
To hedge this risk, they turned to silver.
They began buying the metal at ~$3 per ounce in 1973.
A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.
The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.
H.L. Hunt had amassed a billion-dollar fortune in the oil industry.
He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.
By the late 1970s, the family's fortune was estimated to be ~$5 billion.
In the financial world, the Hunt name was as good as gold (or silver!).
3/ But the 1970s were a turbulent time in America.
Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.
Stagflation 101
— Sahil Bloom (@SahilBloom) September 2, 2020
The term "stagflation" is used frequently in discussions of monetary policy and risks in the post-COVID world.
But what is stagflation and how does it work?
Here's Stagflation 101!
\U0001f447\U0001f447\U0001f447 pic.twitter.com/at4FmaCmkM
4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.
To hedge this risk, they turned to silver.
They began buying the metal at ~$3 per ounce in 1973.
More from All
How can we use language supervision to learn better visual representations for robotics?
Introducing Voltron: Language-Driven Representation Learning for Robotics!
Paper: https://t.co/gIsRPtSjKz
Models: https://t.co/NOB3cpATYG
Evaluation: https://t.co/aOzQu95J8z
🧵👇(1 / 12)
Videos of humans performing everyday tasks (Something-Something-v2, Ego4D) offer a rich and diverse resource for learning representations for robotic manipulation.
Yet, an underused part of these datasets are the rich, natural language annotations accompanying each video. (2/12)
The Voltron framework offers a simple way to use language supervision to shape representation learning, building off of prior work in representations for robotics like MVP (https://t.co/Pb0mk9hb4i) and R3M (https://t.co/o2Fkc3fP0e).
The secret is *balance* (3/12)
Starting with a masked autoencoder over frames from these video clips, make a choice:
1) Condition on language and improve our ability to reconstruct the scene.
2) Generate language given the visual representation and improve our ability to describe what's happening. (4/12)
By trading off *conditioning* and *generation* we show that we can learn 1) better representations than prior methods, and 2) explicitly shape the balance of low and high-level features captured.
Why is the ability to shape this balance important? (5/12)
Introducing Voltron: Language-Driven Representation Learning for Robotics!
Paper: https://t.co/gIsRPtSjKz
Models: https://t.co/NOB3cpATYG
Evaluation: https://t.co/aOzQu95J8z
🧵👇(1 / 12)
Videos of humans performing everyday tasks (Something-Something-v2, Ego4D) offer a rich and diverse resource for learning representations for robotic manipulation.
Yet, an underused part of these datasets are the rich, natural language annotations accompanying each video. (2/12)
The Voltron framework offers a simple way to use language supervision to shape representation learning, building off of prior work in representations for robotics like MVP (https://t.co/Pb0mk9hb4i) and R3M (https://t.co/o2Fkc3fP0e).
The secret is *balance* (3/12)
Starting with a masked autoencoder over frames from these video clips, make a choice:
1) Condition on language and improve our ability to reconstruct the scene.
2) Generate language given the visual representation and improve our ability to describe what's happening. (4/12)
By trading off *conditioning* and *generation* we show that we can learn 1) better representations than prior methods, and 2) explicitly shape the balance of low and high-level features captured.
Why is the ability to shape this balance important? (5/12)
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There are many strategies in market 📉and it's possible to get monthly 4% return consistently if you master 💪in one strategy .
One of those strategies which I like is Iron Fly✈️
Few important points on Iron fly stategy
This is fixed loss🔴 defined stategy ,so you are aware of your losses . You know your risk ⚠️and breakeven points to exit the positions.
Risk is defined , so at psychological🧠 level you are at peace🙋♀️
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.
One of those strategies which I like is Iron Fly✈️
Few important points on Iron fly stategy
This is fixed loss🔴 defined stategy ,so you are aware of your losses . You know your risk ⚠️and breakeven points to exit the positions.
Risk is defined , so at psychological🧠 level you are at peace🙋♀️
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.
