So Branson went to 86.1 kilometers of altitude and Bezos went to 107 kilometres.
This reminds me of the late 1920’s race to build the tallest building in Manhattan.
Walter Chrysler planned an 808-feet tall monument embellished with gargoyles based on radiator ornaments from Chrysler’s cars.
But once a rival publicized a slightly higher structure, Chrysler had his architect secretly build a 185-foot spire which would bring the height of the Chrysler Building to 1,046 feet.
The spire, called “Vertex,” was hoisted into place on October 23, 1929.
That same day, Irving Fisher said, “Stocks have reached what looks like a permanently high plateau.”
1) Of all the early warning signs that can help prevent investment disasters, one stands out.
COMFORT.
🧵
2) It’s our natural tendency to seek comfort; but in investing, when we tend to get comfortable in our views, feel our portfolio is safe, experience tells us something bad is about to happen.
3) Our comfort zone is a state of mental security where our uncertainty and sense of vulnerability are minimized.
1) In a new bull market, you can almost feel the greed tide begin.
Usually it appears a few years after the market bottom, but this time is different.
Let me explain. 🧵
2) The coronavirus pandemic has made death salient, spurring certain psychological tendencies.
Buying stocks is one result.
3) The cognizance of death, and our innate fear of it, drives much of our conscious and subconscious behavior, according to psychologist Sheldon Solomon.
1) The Middle East is undergoing a major transformation.
It is entirely possible to know exactly what will happen in the future.
Maktub. It is written.
2) Within the field of eschatology, concerned with the final events of history, the three Abrahamic religions Judaism, Christianity, and Islam display certain convergences.
3) The Abrahamic covenant of Genesis 12 is among the most determinative revelations of scripture.
God calls upon Abraham to journey to Canaan, a region approximating present-day Israel, where He promises to make of him and his descendants “a great nation.”