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Pomp 🌪

@APompliano

17 Jan

The United States is in really bad financial shape.

The government has taken in more federal income tax every year since 2009, yet they lose more and more money each year.

Time for a thread 👇🏽👇🏽👇🏽

1/ The US government has more revenue coming in the door every year.

Since 2009, federal income tax revenue has almost doubled.

2/ Although the US government has made more revenue each year, they continue to lose money year after year.

The last time the government spent less than it made was in 2001.

For 20 years, the government has lost money. Insane.

Read 8 tweets

Pomp 🌪

@APompliano

31 Dec 20

One of my areas of focus in 2020 was to scale the size of our content business across platforms.

Here is our year in review 👇🏽👇🏽👇🏽

1/ Everything starts and ends with Twitter for me.

Jan 2020: ~ 300k followers
Dec 2020: ~ 430k followers

I do over 100 million impressions per month and will continue to use Twitter to drive traffic everywhere else over time.

2/ The daily letter that I send to investors allows me to have nuanced, more analytical conversations with people.

Jan 2020: 38,500 free subscribers
Dec 2020: 102,000 free subscribers

The open rate is around 35% and the click through rate is around 10% when I email everyone.

Read 9 tweets

Pomp 🌪

@APompliano

20 Nov 20

I've been running a sleep experiment for the last few weeks and I'm now averaging about 9 hours a night.

The hacks are simple. Anyone can do it.

Time for a thread 👇🏽👇🏽👇🏽

1/ I used to pride myself on being able to function on a lack of sleep.

Whether it was travel, work, or procrastinating on the internet, I would regularly stay awake late into the night.

It was common for me to operate on 4-5 hours and then drink a gazillion coffees each day.

@polina_marinova

2/ It became obvious over the last few months that I needed to improve my sleep.

I read a few books. Listened to podcasts with sleep experts. And @polina_marinova annoyed me to death.

Here is what I learned...

Read 10 tweets

Pomp 🌪

@APompliano

26 Oct 20

Many of the talking heads were screaming about Bitcoin being a horrible safe haven during the recent economic crisis.

They have been proven wrong.

Time for a thread 👇🏽👇🏽👇🏽

1) The pandemic led to uncertainty & chaos across markets in March & April.

During shocks like this, we historically have seen liquidity crises play out — everyone starts selling any asset with a liquid market.

I wrote about it as it was happening.
pomp.substack.com/p/the-liquidit…

2) We are now 7 months since the start of the economic shock.

Bitcoin is up 83% year-to-date and up more than 300% since the March lows.

It has outperformed all other asset classes by a material amount.

Read 7 tweets

Pomp 🌪

@APompliano

3 Oct 20

Some of the most successful companies today were started during economic recessions.

Uncertainty and market volatility creates opportunity.

Time for a thread 👇🏽👇🏽👇🏽

1) Jan Koum and Brian Acton cofounded WhatsApp in 2009 after both serving as Yahoo executives.

They eventually sold the company to Facebook for $19 billion in 2014.

Fun fact: Jan Koum had applied to work at Facebook and was rejected before starting WhatsApp.

2) Iqram Magdon-Ismail & Andrew Kortina cofounded Venmo in 2009 to create better digital payments.

They sold Venmo to Braintree in 2012 for $26 million, which was a year before Braintree was acquired for $300 million.

Venmo processed $37 billion of payment transactions in 2Q20.

Read 11 tweets

Pomp 🌪

@APompliano

2 Oct 20

UNCOMFORTABLE TRUTH:

The conflation of "luck" and "randomness" is one of the most intellectually lazy things we do in our society.

Time for a thread 👇🏽👇🏽👇🏽

1) Randomness (or random chance) is a math concept that is objective in nature. You can prove whether something is random or not.

Luck is a psychological concept that is subjective in nature. It is impossible to prove whether something is luck or not.

2) It has become socially acceptable to ascribe outcomes, particularly ones that involve success, to luck.

People do this as a form of virtue signaling, but it is incredibly misleading.

"How did you become successful?" "I was lucky!"

Read 12 tweets

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