I turned 30 recently.

While far from old and wise, I have learned a few things along the way - on life, business, writing, investing, and growth.

Here are a few important lessons learned...
Embrace Failure

Put simply, failure leads to growth.

Do not hide from failure. Seek it out. Allow yourself to be uncomfortable. Embrace it.

The most transformative moments in your life will always come from failures.
Stand on the Shoulders of Giants

As Isaac Newton famously wrote, “If I have seen further, it is by standing on the shoulders of giants.”

You will only go as far as you can see.

Seek out mentors who champion your cause and empower you to see further.
Prioritize People

Everything in life comes down to people and relationships.

Networks compound as well as any financial investment.

Build an army that is deep and wide.

Cultivate deep relationships, but also learn to appreciate the power of weak ties.
Give > Receive

Focus on what you can do for others, not what they can do for you.

Give more than you receive.

This mentality will lead to more success and growth, but also to more fulfillment and joy.
Play the Long Game

“Play long-term games with long-term people.” - @naval

The greatest riches in life - personal or professional - come from compound interest.

But it takes time. Lots of time.

So always play the long game. Let the magical power of compounding work for you.
Closed Mouths Don’t Get Fed

A little push goes a long way.

Don't sit back and wait for good things to happen.

If you want something (and you’ve put in the work for it), go ask for it.

Worst case - you’re told no and nothing has changed.

Best case - it’s yours.
Pay It Forward

No matter how far you go, realize that you didn’t make it on your own.

So pay it forward.

Be a mentor. Be a champion for others.

Their growth should become a source of tremendous joy and pride.
Those are a few of the most important lessons I’ve learned along the way. I hope they are helpful for you on your journey!

If you enjoyed this, follow me for more threads on life, business, money, finance, and economics. You can find all of my threads in the meta-thread below.
And if you are less Twitter inclined, sign up for my newsletter here, where you can find all of my old threads and receive all of my new threads directly to your inbox. sahilbloom.substack.com

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More from @SahilBloom

10 Feb
Network Effects 101

The concept of network effects is a powerful mental model through which to evaluate businesses, startups, money, human societies, and nature.

But what are “network effects” and how do they work?

Here's Network Effects 101!
First, a few definitions.

A network effect is a phenomenon by which each incremental user of a product or service adds value to the existing user base.

The product or service becomes more valuable to the users as more people use it.

It is a positive feedback loop.
The idea originated with Theodore Vail, the president of American Telephone and Telegraph (AT&T).

In the company's 1908 annual report, Vail wrote, "[The telephone's] value depends on the connection with the other telephones — and increases with the number of connections."
Read 22 tweets
6 Feb
The Feynman Technique is a foundational mental model for unlocking growth in your career, startup, business, or writing.

A thread on how it works and how it can change your life...
Richard Feynman was an American theoretical physicist.

He won the Nobel Prize in Physics in 1965 for his groundbreaking work in quantum electrodynamics.

Feynman's true genius, however, was in his ability to convey extremely complex ideas in simple, digestible ways.
Richard Feynman observed that complexity and jargon are often used to mask a lack of deep understanding.

The Feynman Technique is a learning framework that forces you to strip away needless complexity and develop a deep, elegant understanding of a given topic.
Read 15 tweets
3 Feb
THREAD: Robinhood and other brokerages came under fire last week for restricting trading in certain securities, including $GME and $AMC.

A thread simplifying the underlying mechanics of this drama and explaining why our archaic T+2 settlement system is to blame...
1/ First, if you're unfamiliar with the backdrop to this story, here are the basics.

GameStop (and other "meme stocks") saw a massive price spike last week.

There were fundamental and technical reasons for the rise.

My thread below is a helpful primer.
2/ On Thursday, several brokerages, including the popular @RobinhoodApp, halted or restricted trading in many of these stocks.

The public outcry was immediate (and very loud).

Amazingly, it even had @AOC and @TedCruz agreeing on something.
Read 22 tweets
1 Feb
THREAD: With #silversqueeze trending on Twitter, it appears that this week's market spectacle may well be in the silver market.

A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.

The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.

H.L. Hunt had amassed a billion-dollar fortune in the oil industry.

He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.

By the late 1970s, the family's fortune was estimated to be ~$5 billion.

In the financial world, the Hunt name was as good as gold (or silver!).
Read 24 tweets
27 Jan
THREAD: The story of the week in finance is how a group of retail traders at @wallstreetbets, with assists from @ElonMusk and @Chamath, took down the establishment short sellers at GameStop.

A thread on the underlying mechanics of the $GME saga...
1/ First, for those unfamiliar with the business, GameStop is a videogame and merchandise retailer.

It has >5,000 stores, primarily in malls, across North America, Europe, and Australia.

The business has struggled to modernize, hurting its financial and stock performance.
2/ For a variety of business reasons, a bull (i.e. optimistic) case regarding its future performance has formed.

It really came to the forefront after RC Ventures, an entity managed by Chewy founder @ryancohen, disclosed a large position and assumed three board seats.
Read 23 tweets
24 Jan
In 1983, a 52-year-old senior executive at Texas Instruments was passed over for the company's top job.

He would go on to found and build the most strategically important company in the world.

Who's up for a story?

👇👇👇
1/ Morris Chang was born into a middle-class family on July 10, 1931 in Ningbo, Chekiang, China.

The early years of his life were set against a backdrop of hardship.

Wars and widespread poverty had overwhelmed the country, exposing him to this suffering at a young age.
2/ His father - an official in the local government - encouraged Morris to focus on school.

Fleeing the violence of the ongoing wars, Morris and his mother moved frequently.

His studies became his respite.

In 1948, at the height of the Civil War, they moved to Hong Kong.
Read 22 tweets

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