Last year I lost a mentor who was a world-class entrepreneur, a brilliant financial mind, and a family man, who was close to his life goal of buying the Cleveland Browns. Here are some things he taught me about business and life.
My favorite: “Have ridiculous expectations.”
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On Business and Investing:
"You have to think unreasonably. You have to have unreasonable goals, otherwise you will react emotionally. In a simple framework you might double or triple your money and tell your friends about it while you sell out making $50k... (cont.)
..."Yet, the nearly insane person who has an audacious goal of holding $50-100M will ride through the noise until he gets closer to his/her goal and be unfazed by near-term moves.
Think long term, position yourself asymmetrically and have ridiculous expectations."
"When people are running away from something, you should be running toward it."
"Real estate is not my thing for making massive money but a good way to store wealth and at least enjoy the investment while you live there."
"In crypto, you are in a world of short-term thinkers, and you need to think on a 10 year scale to separate yourself."
On Life (taken from his journal):
"On your last day, the person you could have become meets the person you are and became....
Give up unhealthy lifestyle - sleep, diet, exercise
Give up short term mindset
Give up playing small
Give up your excuses
Give up the fixed mindset
Give up believing in the magic bullet
Give up your perfectionism
Give up multi-tasking
Give up your need to control everything
Give up saying “yes” to things that don’t support your goals
Give up toxic people
Give up the need to be liked
Give up wasting time
He taught me to always be positive, look for the opportunity where everyone least expects it, multiply your goals by 100x, think long-term, and enjoy every moment of life with your family and friends because you never know which day will be your last.
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It's important to understand what Polkadot and Kusama are enabling with this new approach to a multi-chain network. Polkadot is a 3-layered platform, unlike legacy networks like Ethereum who are just one isolated chain with apps. Here is a simple diagram to explain:
Polkadot is complicated as hell! This 24-tweet thread is a beginner's guide to @Polkadot $DOT and @KusamaNetwork $KSM in simple English.
What is Polkadot? Kusama? Parachains? Crowdloan and Parachain slot auction?
Comment with other questions and share if you learn something ⤵️
What is Polkadot?
@Polkadot is a platform on which blockchain networks are built and connected into one unified network. These connected chains, called parachains, form a living organism of networks all in sync and secure. This forms the foundation on which Web3 will be built.
Dr. Gavin Wood, @gavofyork, founded @Polkadot after inventing the Ethereum Virtual Machine and the Solidity programming language for #Ethereum as the co-founder and CTO. Ethereum wasn't going to scale, and thus, Polkadot was born in 2017. polkadot.network/gavin-wood/