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.”

We all know what happened next.
The billionaire space race is more important than you think. 👇🏼 stray-reflections.com/article/198/Wh…

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More from @jsmian

4 Jul
On August 29, 1952, the piano virtuoso David Tudor walked onto stage of the barn-like Maverick Concert Hall on the outskirts of Woodstock.

He sat at the piano, propped up six pages of blank sheet music, closed the keyboard lid, and clicked a stopwatch.

What happened next? 🧵
1/ Thirty seconds passed.

The audience, a broad cross-section of the city’s classical musical community, waited for something to happen.
2/ Tudor turned one of the blank pages but made no sound.

For four and a half minutes, he went about doing nothing. He never played a note.

He then stood up, bowed, and walked off stage. That was all.
Read 22 tweets
22 Jun
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.

Where we feel we have some control.
Read 14 tweets
21 Jun
This is the story of my father.

“He dropped out of school at fourteen. When most boys are busy playing sports or chasing after girls, he had time for neither.”

1/6
He made his first million by the time he turned thirty in 1979.

2/6
His famous trades: arbitraging silver, buying land during war, seeing China’s threat and ME!

3/6
Read 7 tweets
5 Jun
1) Among the quick, incisive thrusts of practical wisdom from Peter Drucker is this: “The best way to predict your future is to create it.”

But before we can create, we must get to know ourselves.
2) Drucker points out that success in the knowledge economy comes to those who know their strengths, their values, and how they best perform.

Only then, armed with such self-knowledge, can we decide where we belong and what our contribution should be.
3) “It's amazing how few people know what they are good at,” Drucker says.

We’re much better at knowing what we’re not good at.

So, he suggests constantly giving yourself feedback on how you’re doing.
Read 21 tweets
3 Jun
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.
Read 22 tweets
16 May
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.”
Read 36 tweets

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