BC CULTURE
Saved by @SteveeRogerr

Today, I re-listened a VERY HONEST interview with Chamath Palihapitiya (@chamath) on @TKPPodcast.
For the 3rd time.

He is is an extremely confident humble person and the talk is pure gold. Highly recommend it. Hats off to @ShaneAParrish!

I combined key learnings below 👇

 It is valuable when you can speak the truth.
Most people are not in the position to be as candid as they want to be.
When you talk about what you’ve gone through it is useful to people, especially when you talk in simple and plain-spoken terms.

It demystifies your 'greatness’, makes it more normal, and lets others relate.
Many people have to do things that are motivated by other people's perceptions of them motivated by the pressure that is extorted by people that are very close around them i.e. friends and family.

It leads to an inevitable moment when people start questioning their happiness.
Younger generations are more honest to themselves.

They are willing to be happy in the way they defined it to themselves.



Older generations were just checking the boxes.
Many people realize that it is not the pattern to maximize their fulfillment.
Being happy generates better outcomes.



Happy engineer is better than an unhappy engineer.

Happy artist is better than an unhappy artist.



And so on.
Lying is a simple coping mechanism we all have.

Being honest leads to happiness. When you lie to someone you first lie to yourself.

The more comfort you have with yourself, your self-worth, and your limitations the more honest you can be.
Do things that a younger version of yourself would be proud of.
Money accelerates when you can declare yourself free. It liberates people and gives them freedom. However, it does not make them happier.

Running a happiness race with money is more distractive than if you do it without money.
People should separate two paths: one is the path to freedom, the second one is the path to happiness.

Path to happiness is an internal process.
Freedom one is easily copied.
More people should believe they can be economically sufficient. We would be surprised how many people are intellectually capable of achieving financial freedom on their own.

We should provide them a reasonable roadmap that they can execute.
The most undervalued asset people completely miss the most is adding value to people's lives.
We are going to financialize everything and fractionalize ownership of almost everything.

The opportunity is to curate and cultivate a community around that to help people. For everyone.
When considering capital allocation think about what sectors of the economy will benefit regardless of interest rates.

These are very simple, hierarchical ideas.

Figure out the right mix of early vs. late stage, public vs. private then you can come up with the answer.
Jeff Bezos is a better capital allocator than Warren Buffet.

If you take a look at Amazon's PnL and zoom in at every single expense line, you will see that he created a product around it and made it a revenue line.

That is why capital allocation is an amazing skill.
Capital allocation summary:

+ you want long-term growth
+ the higher the growth the better
+ in areas that matter for people

In 10 years from now, it is going to be a playbook that works.
Think about what will be more important and how to accelerate the right outcome. The world’s first trillionaire will be somebody in climate change.

@elonmusk enters the room 🚪
Successful investing is about behavior and psychology.
You are always going to fight with yourself.

Numerous psychological traps:
- panicking
- overreacting
- underreacting
- refusing to observe the present
- living too much in the past
- wanting to much to believe in the future
Data is there to observe. Define certain behavioral principles that protect you from your own psychology.

That is a good strategy. It solves your blind spots.
Protect you from yourself.
Focusing on your happiness, through exploring who you are, finding your weaknesses and blind spots, eventually will make you a better investor.

It is a money-making strategy.

Spending time understanding yourself is enormously helpful.
Let yourself be seduced by some people’s narrative.

If you will be fundamentally inoffensive in your opinions upfront, you find people who have extreme opinions will talk to you in a very unguarded way.

Train yourself to be seduced by these people, so you can learn from them.
Start with no opinion.

Allow yourself to understand your enemy's opinion, but don’t get caught by it. Learn to come back home. 🏡

More from Culture

Joy Karmaker
Joy Karmaker
@JoyKarmaker75
The Fast and the Furious is a 2001 action film directed by Rob Cohen and starring Vin Diesel, Michelle Rodriguez, Jordana Brewster, and Paul Walker. The Fast and the Furious is first film in the The Fast and the Furious franchise, distributed by Universal Pictures.


The film was released June 22, 2001 and grossed $207.3 million. In 2003, The Fast and the Furious was followed by the sequel 2 Fast 2 Furious.

Brian O'Conner is an undercover Los Angeles copwho aspires to become a detective.


When he is tasked to stop hijackers led by Dominic Torettofrom stealing expensive electronics equipment off of trucks, Brian must choose between his obligation to the LAP and his friendship with Toretto after he becomes good friends with his family.

The film opens at a dockyard where a container is loaded onto the trailer of a semi-truck. The truck then departs the dockyard and one of the dock workers makes a phone call to an anonymous party on the other end, informing them on how to identify the truck.
CULTURE
The Light - Truthpaper
The Light - Truthpaper
@LightTruthpaper
Latest update from @TheBernician

1/19

Hancock, Whitty, Vallance & Ferguson Stand Accused of Pandemic Fraud.

After yet more damning evidence arose last week, further additions had to be made to the court papers, which we are now aiming to lay in the coming week.

2/19

The four defendants will be Matt Hancock, Chris Whitty, Patrick Vallance and Neil Ferguson, each of whom has inextricable and ultimately incriminating connections with Bill Gates and Big Pharma.

3/19

As well as three counts of fraud by false representation and seven counts of fraud by non-disclosure, under sections 2 and 3 of the Fraud Act 2006, we can now also prove that the entire worldwide scamdemic originated on these shores.

4/19

In fact, we can show that, without the dishonest statements and non-disclosures of the four defendants we are initially proceeding against, COVID-1984 would not have transpired.

5/19

Furthermore, the 1st defendant, Matt Hancock, cannot rely upon the defence of Parliamentary Privilege, on the ground that none of the evidence relied upon by the prosecution is capable of preventing parliamentarians from carrying out their lawful business in Parliament.
CULTURE
Advertisement
zii\u2077 / new au\U0001f4cc
zii⁷ / new au📌...
@veryqttae
an amazing thread of my favorite writers


; my bub i love you sm and your work is amazing! i always say this but your writing makes it feel realistic and a feel of emotion that amazes me. you are an amazing writer and inspiring (inspired me) please teach me your ways legend🤧

; ana bby, you are amazing! i was just a reader loving your work and how amazing you write and you are one of the many writers that inspired me to write and give it try! ily💗

; you are amazing and don’t let people tell you otherwise. i love your work you are so precious and you are a babie🤍

; i love your writing, your ideas are so amazing💗💗!
CULTURE
Wealthy Brains
Wealthy Brains
@Wealthy_Brains
Lessons I learned from "Rich Dad, Poor Dad"

~ Thread ~

1. Put your money to work

You cannot get rich with your money in savings account,

Invest it in appreciating assets.

2. Amount of money retained matters

It is not the amount of money you make,

It's the amount of money you keep that matters.

3. Acquire assets

Rich people acquire assets while poor accumulates liabilities,

Your choices will determine your fate.

4. You are not born to work for others for lifetime

Most people consider this slavery as their life,

Completely forgetting the life possible beyond that.
CULTURE
Christine Burns MBE \U0001f9dc\u200d\u2640\ufe0f\U0001f3f3\ufe0f\u200d\u26a7\ufe0f\U0001f3f3\ufe0f\u200d\U0001f308\U0001f4da\u29d6
Christine Burns MBE 🧜‍...
@christineburns
This thread examining a detrans story puts me in mind of something that shocked me to the core fifteen years ago in early 2004. I’ve not often told this so there follows a mini thread of my own.


This time in 2004 was very sensitive. Our little team at Press for Change was carefully helping to support the government to get the Gender Recognition Bill through its parliamentary stages. It had already started in the Lords and faced a committee stage with evangelical-backed..

..opposition facing the government’s Bill minister Lord Filkin and and others from all parties supporting him. The heavy lifting of daily liaison work was handled on our side by my colleague Claire @2legged whose back room lobby efforts should never go unacknowledged in any..

..account of events. Our political backdrop was a small but determined effort by two evangelical groups touting very familiar lies about trans people and, perhaps more worrying, a couple of contemporary journalists (one a Guardian staffer and one a freelance) determined to tout..

..detransition scare stories as a way to perhaps cast doubt over formalising a legal recognition process. The thing that was obvious at the time was that their stories relied on constant recycling of the same 10-12 case stories, which they had discovered because they were the..
CULTURE

You May Also Like

Jonathan Ware
Jonathan Ware
@ReassessHistory
Rhino Barges

One of the dullest, coolest, more bizarre and fascinating pieces of kit used in Normandy.

Which NO ONE REALLY CARES ABOUT.

BUT I DO AND YOU SHOULD TOO.
/1

#WW2 #SWW #History


Planning for Overlord and Neptune had a serious snag, how to get troops from LSTs onto the beach as simply ramming them onto the beaches and dropping the ramp was known to damage the exceptionally vulnerable LSTs and felt to be unsustainable in the mid to long term. /2


LSTs were essential in sustaining Overlord's progress and were a subject of major headaches in the planning phase, and a real subject of friction when it came to launching additional amphibious operations such as Dragoon.

A single LSTs loss represented a capability nick. /3


So, logic dictated, we don't really want these remarkable but rare and highly valuable vessels constantly doing beach landings, we want something to act as a medium between ship to shore, and in came the (mostly) American designed Rhino. /4


I fucking love Rhinos.

Seriously.

Graceful lines of pure industrial pedigree.

Modular.

LOOK AT IT. /5
HISTORY
David Rothkopf
David Rothkopf
@djrothkopf
Trump on climate: I don't believe it. Trump on Khashoggi: I don't believe it. Trump on Russia: I don't believe it. Idiocy? A canny game? Doesn't really matter as much as the underlying intellectual autocracy. In this administration only one opinion matters.

It's an assault on facts and reason. It's an assault on good governance. It's an assault on the bureaucracies that are being discounted. It's an assault on science and history. But it is also an assault on one of the underpinnings of democracy.

We live in a system that is grounded on the idea of collaborative government. Leaders may have a final word but even then, there are typically checks and balances. Hopefully, in this case, such checks and balances may work. But they also are being tested.

The president's position that he is smarter than all the world's scientists, than the entire intelligence community, than experts who have studied any issue all their lives, is, of course, asinine. But his belief that government turns solely on his opinion, is monarchic.

Louis XIV reportedly said, "L'etat est moi." That he was the state. Trump asserting that he knows better than all, discounts all advice, that his brain is enough to chart the course for America alone, is essentially saying the same thing.
POLITICS
Advertisement
Conviction | Patience
Conviction | Patience
@unseenvalue
H was always unseen in S2NL :)

Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.

Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301
UVLEARNINGS
Pran Katariya
Pran Katariya
@KatariyaPran
The Straddle is my favorite trade these days. But more often than not, one needs to adjust to make a good return from it. There are many ways to do this depending on your view, psychology and imagination. Will discuss a few that I use

The Straddle is a delta neutral strategy and it is important to keep deltas in check during the course of the Trade and not let them run away from you. Of course Volatility is the elephant in the room- but not going there as that will require a separate discussion

The first and most common method is to go 'inverted.' That is to say to shift the untested side to generate additional Premium and increase the runway to Breakeven. So if you start with a Straddle at 700 and price goes to 740, you can move the PE up to say 720.

How much should you move the untested side? While again this is a matter of skill, experience and artistry, the rule of thumb is to cut deltas by half. Remember, prices will move and you have to allow sufficient room for them to fluctuate

The second method is to shift the entire Straddle in the direction of the move. So if you have a 700 Straddle and Price goes to 740, you can shift the Straddle to 720. If you time this right, it can generally be done at virtually no cost or minimal cost.
ALL , OPTION SELLING , STRADDLE OPTION SELLING
TWABMPTLPAFA
TWABMPTLPAFA
@SeekerIIIII
Act of 1871
This is Long but it will end with a BOOM

With no constitutional authority to do so, Congress created a separate form of government for the District of Columbia, a ten-mile square parcel of land (see, Acts of the Forty-first Congress,”

Section 34, Session III, chapters 61 and 62).
The act — passed when the country was weakened and financially depleted in the aftermath of the Civil War — was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers

and neck of America.
Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their

foot in the door of the United States.
The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin.

With the Act of 1871, the organic Constitution was defaced — in effect vandalized and sabotage — when the title was capitalized and the word “for” was changed to “of” in the title.
HISTORY