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.
I should mention that not all articles will be published. If yours get published, it's a big win for you.
The blog has more than 4,000 unique visitors in under 1 month of operating it. It's fast-growing and you are welcome to be part of the community.
Why am I doing this?
As I noted here, someone did it for me before and I believe it could be a great catalyst for you as well.
”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.
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.
I want to be rich enough to do Angel Investing as @chamath does it.
At that very early stage of a company, it's very difficult to tell which one will win and which will not. In fact, a lot pivot of the startups pivots to doing something else different from what you invested in.
From a recent conversation with @villageglobal Podcast, @chamath said he doesn't spend much time deciding whether to invest in an early-stage startup.
If he meets you and sort of like what you are doing, he invests ”immediately.” Because what those startups are asking for
Is almost always less than $2m. In the scheme of things that too small for someone with a portfolio in billion dollars who have invested like $750m YTD.
But beyond the fact that it's small relative to what he controls is the idea of the power law.