Jeff Bezos is officially stepping down as CEO of Amazon today.

Here is a thread of epic photos from the early days of Jeff's journey to build the world's largest retailer.

πŸ‘‡πŸ½πŸ‘‡πŸ½πŸ‘‡πŸ½
Jeff Bezos in one of his first offices at Amazon.
Jeff Bezos saw the possibilities of the internet before most people.
Jeff Bezos with cutting edge CD-ROM technology.
Jeff Bezos building the world's largest bookstore.
Jeff Bezos smiling amid the chaos.
Jeff Bezos with some of Amazon's products.
Jeff Bezos poses for a corporate photo.
Jeff Bezos on the streets of New York City.
Elon Musk and Jeff Bezos share a meal together.
Jeff Bezos started to morph from a technology nerd to a wealthy business owner.
Meet Jeff Bezos, the billionaire who built the most valuable company in the world.
Jeff Bezos is one of the best entrepreneurs in history.

I wouldn't bet against him, regardless of what he chooses to pursue next.

β€’ β€’ β€’

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More from @APompliano

30 Jun
The economic situation in Lebanon has become so dire that the citizens are taking to the streets.

You simply can't devalue a currency forever and push citizens into a situation where they can't afford daily necessities.

Here is a thread of videos that I can find so far πŸ‘‡πŸ½πŸ‘‡πŸ½πŸ‘‡πŸ½
Read 6 tweets
26 Jun
One of the biggest challenges facing society is that too many of our leaders are untrained in the art of critical thinking and problem solving.

The education system taught them WHAT to think, rather than HOW to think.

Time for a thread πŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌ
1/ The world we live in is obsessed with β€œwhat you know,” but the world’s most successful people spend all day trying to improve HOW they think.

Knowledge is a commodity when everyone has a computer.
2/ The people who have the best critical thinking and problem solving skills naturally pursue economic incentives to profit from their skills.

They become entrepreneurs, investors, and innovators.

The best thinkers flock to the private market.
Read 11 tweets
24 Jun
Today @riskharbor announced their $3.25 million seed round led by Pantera and Framework.

I'm excited to be part of this financing, along with Bain Capital, Coinbase, Digital Currency Group, and many others.
Risk Harbor is a permission-less risk management marketplace focused on the decentralized world.

It was created by @raoufbenhar and @Dewpey.

They have plans to provide risk management protection to decentralized applications across different blockchains, including bitcoin.
You can read more about the fundraising by reading this CoinDesk article: coindesk.com/defi-insurance…
Read 5 tweets
24 Jun
Between 2014 and 2018, Warren Buffet reported $125M in income. His effective tax rate was only 18.9%.

Buffet, Bezos, Elon, and other wealthy Americans use the tax code to their advantage and keep more of their $$ to invest.

Here are a couple of their tricks you can use πŸ‘‡πŸ‘‡πŸ‘‡
1/ Nothing that Buffet, Bezos, Elon, and other wealthy Americans do is illegal. The basic approach is simple:

They minimize their reported income and take whatever deductions are available -- donations, losses, retirement contributions, and more.
2/ Without using any deductions or loopholes, Buffet would have paid close to $50 million in federal income taxes. In reality, he paid less than half of that -- only $23.7 million.

So how did he cut his effective tax rate in half?
Read 12 tweets
22 Jun
Bitcoin is under $30,000.

Here is a quick thread to document what I'm thinking right now and what my strategy is during these price drawdowns.

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1/ I'm not a trader. I don't look at charts and I don't try to time markets. If anything, I'm an atrocious trader who is guaranteed to lose :)

I have a very long-term view of the asset and believe it will continue to accrue value and adoption over the next few decades.
2/ My strategy with bitcoin over the last few years is simple β€” accumulate as much bitcoin as I can.

The word accumulate is important. That is an action you do with no intention of selling for profit later.
Read 13 tweets
9 Jun
Many businesses are trying to identify a strategy to participate in the trillion dollar crypto market and they're choosing a unique way to enter the market.

Time for a quick thread πŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌ
1/ Stablecoin lending markets have become an important part of the crypto ecosystem, and they’re still growing, with more than $100 billion stablecoins now in circulation.
2/ Returns are higher than traditional capital markets based on borrowers willing to pay a premium for stable on-chain assets like USD Coin (USDC).

Returns vary by platform, but compared to traditional yields, stablecoin yields are incredibly more attractive.
Read 7 tweets

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