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Sahil Bloom

@SahilBloom

18 Nov

We should give a $10,000 investment account to every newborn baby.

It's a crazy idea, but the logic and math is pretty compelling...

Here's how I see it working:

https://twitter.com/sahilbloom/status/1460242310420123651

Earlier this week, I wrote a thread on the Cantillon Effect—which says that there are distributional consequences based on where new money enters the system.

It suggests that top-down monetary policy propagates inequality.

But I got a lot of questions about how to fix this...

https://twitter.com/sahilbloom/status/1460242310420123651

This thread covers one such idea: The Baby Grant.

The basic idea is as follows...

Every newborn baby has an investment account opened in their name at birth.

The account is seeded with $10,000.

It cannot be touched until the child is 65 (or for educational uses after age 18).

Read 14 tweets

Sahil Bloom

@SahilBloom

15 Nov

The Cantillon Effect is the most important economic concept you’ve never heard of.

Here's a breakdown of what it is (and why you should care):

1/ Richard Cantillon was an Irish-French economist and philosopher born in the 1680s.

He achieved success as a banker—which he attributed to the formidable connections made through his family and employer.

At a young age, he had learned of the impact of proximity to power...

2/ Around 1730, Cantillon wrote a paper—Essay on the Nature of Commerce in General—which is considered a foundational work in the study of the political economy.

It was widely circulated in manuscript form, though it was not published until 1755, well after his death.

Read 20 tweets

Sahil Bloom

@SahilBloom

13 Nov

Want to accelerate your career?

Write better.

THREAD: The principles of powerful business writing:

What do Buffett, Musk, & Bezos have in common (besides $$$)?

They know powerful writing isn't an accident—clear writing is clear thinking.

The principles of great business writing:
• Draft Fast, Edit Slow
• KISS
• Clear Target Reaction
• Storytelling

Let's cover each:

@Julian

Principle 1: Draft Fast, Edit Slow

There's nothing more daunting than a blank page.

So start fast—get a draft down (and don’t fret if it sucks).

My friend @Julian said it best: “Making something bad then iterating until it’s good is faster than making something good upfront.”

Read 20 tweets

Sahil Bloom

@SahilBloom

8 Nov

The Eisenhower Decision Matrix is a powerful tool for prioritization and time management.

Here's how it works:

Dwight Eisenhower was an American military officer and politician.

He was a 5-star general in the United States Army and the first Supreme Commander of NATO.

After his military career, he was elected as the 34th President of the United States, serving from 1953 to 1961.

Eisenhower was known in both his military and civilian careers for his prolific productivity.

His secret?

He didn’t confuse the urgent with the important:

"What is important is seldom urgent and what is urgent is seldom important."

Read 15 tweets

Sahil Bloom

@SahilBloom

6 Nov

Frameworks provide clarity in complex situations.

Here are 20 useful frameworks (on startups, investing, writing, & life):

The Feynman Technique

To learn anything:

Step 1: Identify a topic.
Step 2: Try to explain it to a 5-year-old.
Step 3: Study to fill in knowledge gaps.
Step 4: Organize, convey, and review.

True genius is the ability to simplify, not complicate.

Simple is beautiful.

@wolfejosh

Directional Arrow of Progress

"Study the undeniable arrows of progress." - @wolfejosh

The future is extremely difficult to predict—but there are clues.

Look at the trend line of progress and where it's pointing—directionally, not precisely.

Invest (or build) accordingly.

Read 25 tweets