David Alade Profile picture
Oct 2, 2020 5 tweets 1 min read Read on X
Okay, this is also the case for varying reasons including mimetic behaviour of humans.

The mimetic theory says we get our desires from society. We want it because others have it. That creates a form of scarcity and invariably chaos.

Scarcity is the way human interpret value.
If it's scarce, it must be valuable. Forgetting or not noting that it is only scare because we all want the same thing.

But it's what keeps the economic wheel rolling so there's no ending.
Success at one thing creates that illusion of scarcity as well. Suddenly, everyone wants YOUR success or wants to be associated with YOUR success if they've concluded they can't have YOUR success.
That behaviour ordinarily opens the door to you for the next success.

That's so because those coming after you and that you allow as well have a form of success in them that can be easily leveraged for your next success.
They will willingly give it because remember they want to be associated with you or want your success just as you theirs.

Like I said, it keeps the wheel rolling so you can't undo it.

Understanding it though is a leverage.

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More from @DavidAlade__

Mar 3, 2021
Last Sunday evening I hosted a #TwitterSpace with @sarahanoke

It was a simple topic that we tried to explore, Curiosity and Where It Has Led You.

We wanted to here people’s story of curiosity and most importantly where it has led them.
It will suffice to say, we were right to pick that topic.

It led us some deep rabbit hole that have never been explored before that day.

In fact, as often as Asemota tend to write and share his story, he share a never before shared story that they in the Space.
I think the haha moment for me was when I asked the alternate universe question from a lot people.

Imagine an alternate universe where you were not curious, what would your life look like?

I encourage you to also yourself this question as well.
Read 9 tweets
Jan 24, 2021
Those who can communicate their thoughts clearly and precisely will forever have an unfair advantage over those who can't.

And it doesn't matter who is better at something, those who can communicate in words and in writing will always find it easier.
I'm sorry if it's unfair, but that the way of the world. The storyteller always win.
Everytime you say something in words or in writing, you are telling the world who you are.

Social media amplifies that.
Read 9 tweets
Jan 23, 2021
Since 5 days ago when I tweeted this, things have moved and I'm glad to announce to you all that you can now submit your articles to the email below.

As noted earlier, only articles on personal finance will be accepted for now.

email: write@davidalade.com
Your experience, thoughts and observations on money, finance, investing, stocks and the likes are welcome.

The guiding principle is UTILITY. That is, anything you write must be useful to the reader. It should spur them to do something. Either to act, change their mind,
start doing something, stop some others and the likes.
Read 8 tweets
Jan 20, 2021
As time progresses, I will be dedicating more of my time studying the past and more of the things that are poised to change the future.

My plug for the past is @rootsofprogress and I need more

My plug for the future is @chamath , @wolfejosh @elonmusk and more.
The goal is to understand this technology and find a way to be part of the journey.

Of course, I will have to do this one at a time. Few things are on hand now.

Why can be done for now is to keep reading and saying updated.
Read 10 tweets
Jan 20, 2021
”As their acceptance increases, their reliability tends to diminish”

This is one of the greatest ironies of the stock market and it permeates all spheres of life. Image
When theories are about to be formed we resort to data from the past. Upon examining this data, we tend to draw our explanation of the past.

Once this explanation of the past is generalized enough to form a theory that can guide the future and becomes generally accepted,
its reliability starts to decline.

I found this mystery in the stock market.

Here's why it happens that way:

Price is a conveyor of information, many times you don't need to know what has happened to an asset all you need to do is see what the price is saying.
Read 9 tweets
Jan 10, 2021
There's a concept in the world of Investing called "infinite returns". That's what I am making in one of my #Bitcoin accounts.

Infinite returns is achieved when you no longer have any money invested in something but you still own it.

Here's how I did it:
When #Bitcoin was 33k I bought some with idle cash on hand.

I allowed it to ride to 41k, a 24% upside and then sold a part of it.

The part of it that I sold is just an amount big enough to cover my initial investment. Sold that and left the 24% return invested.
Let me put some numbers to it for easier understanding.

Imagine I invested $1,000. Made 24% return on the $1,000 bringing my wallet balance to $1,240.

I sold just $1,000 out of that balance and I'm left with $240 invested in Bitcoin.
Read 8 tweets

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