Pomp πŸŒͺ Profile picture
Building Pomp Investments. Have invested $200M+ in early stage companies, including multiple unicorns. Write a daily letter to 180k investors: https://t.co/tpCu2xhIBx
T D O S Profile picture Arthur Pernot Profile picture . Profile picture DGSB Profile picture Brad Thompson Profile picture 31 added to My Authors
24 Jul
Companies across the country are raising their prices in order to combat rising costs.

There is nothing transitory about these price hikes.

Here are a few examples πŸ‘‡πŸ½πŸ‘‡πŸ½πŸ‘‡πŸ½
Chipotle knows inflation is real:

- Increased wages to $15/hour
- Increased prices about 4%
- Q2 revenue higher than pre-pandemic

β€œThere’s still that possibility that we could take additional pricing action to fully close the gap...So far, really, really good." - Chipotle CFO
Whirlpool won't be left behind:

β€œWe are confident that sustained strong consumer demand and our previously announced cost-based pricing actions will offset the impact of global supply constraints and rising input costs." - CEO

Raw materials go up = Prices go up. Simple math.
Read 10 tweets
22 Jul
If Peter Thiel's $5BN Roth makes him The Lord of the Roths, William Roth is the Rothfather.

Today would have been William Roth's 100th birthday. In 1998, he created the ultimate (tax-free) 3rd stack for future bitcoiners -- the Roth IRA.
2/ The former US Senator believed that if you work hard, save, and invest you should keep more of your hard-earned money.

So he pushed until we got an account from which US citizens can invest, tax-free; an incredibly powerful investing tool - and an incredible way to HODL.
3/ So powerful that Investing legend Peter Thiel was recently highlighted for (legally) accumulating a $5 billion tax-free Roth IRA.

Thread on how he did it here:
Read 10 tweets
8 Jul
The lack of financial education in our country should be a national emergency.

Just as young people are becoming interested in investing, the legacy system is mocking & ridiculing them.

Monday that changes.

We're going to build the world's largest business show :)
We'll be streaming live every weekday.

No nonsense. No corporate talking points. We're not journalists. We have skin in the game.

We'll tell you what is happening, why, and exactly what we're doing with our own money.

The game has changed. Subscribe: youtube.com/c/anthonypompl…
I have no clue what this will grow into, but I know that the average person is struggling to understand why they can't seem to get ahead.

They feel like the game is rigged, but the system is working exactly as designed.

Financial education is the great equalizer.
Read 4 tweets
5 Jul
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.

Jeff Bezos in one of his first offices at Amazon.
Jeff Bezos saw the possibilities of the internet before most people.
Read 13 tweets
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.

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
9 Jun
El Salvador’s President @nayibbukele just said he believes the country’s adoption of bitcoin will lead to more opportunity for his citizens, which should reduce the number of people leaving the country and illegally immigrating to the United States.

β€œThis is good for the US”
β€œWe’re big believers in the future.” - @nayibbukele
β€œWhen did our vision of the future change from something so beautiful to something so dystopia? We have to remember that we build our future.” - @nayibbukele
Read 12 tweets
7 Jun
One of my goals this year is to help 10,000 people get hired in the bitcoin and crypto industry.

We have been making considerable progress against this goal.

Quick update πŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌ
As a reminder, our employment business has two products today:

1. Job board
2. Training Program

We continue to scale these products, while developing new ones. @CJSakamoto15 is running everything like a pro β€” direct all new ideas to him :)
There have been more than 40,000 people who have applied for jobs on the job board.

One company hired 25 people in the first 4 months off the job board, which is approximately 3% of their global work force.

Apply for roles here: pompcryptojobs.com
Read 9 tweets
24 May
Bitcoin is down ~25% over the past 10 days.

But it has still outperformed gold by 66x and the S&P 500 by 11x over the last decade.

IMHO - Bitcoin is the world’s best savings technology.

Here's a thread on how to keep more of it. πŸ‘‡πŸ‘‡πŸ‘‡
2/ First, look at what investors call CAGR (Compound Annual Growth Rate). It's a way to break down growth across assets, on the same time frame, and compare them.

Over the past decade, Bitcoin's is 132%.

Gold's is 2%. The S&P 500's is 12% (h/t @Case4Bitcoin)
3/ A 132% CAGR means that your money has more than doubled every year over the past decade 🀯
Read 12 tweets
22 May
1/ @Gemini recently launched a really comprehensive State of Crypto U.S. report and there are some really exciting and eye-opening stats:

2/ According to @Gemini’s report about 14% of US citizens own crypto.

This is about 21.2 million US adults.
3/ While just 26% of current crypto holders are women, women account for more than half (53%) of those interested in getting into crypto soon.

There is an opportunity here and the industry should be paying attention.
Read 7 tweets
21 May
Man of my word.

Bitcoin Pizza party tomorrow at 12 noon in Washington Square Park.

NYC 🀝 Pizza 🀝 Bitcoiners
You can RSVP here for NYC Bitcoin Pizza Party.

If you’re not in NYC, you can order Bitcoin Pizza in 10 cities around the country starting tomorrow.

Read 4 tweets
18 May
Today I am announcing Bitcoin Pizza - a new national pizza brand that is launching in 10 cities.

The first pizzas will be delivered this Saturday, which is the 11 year anniversary of the infamous bitcoin pizza transaction.

Buy pizza: eatbitcoinpizza.com πŸ”₯πŸ”₯
How Bitcoin Pizza works:

- Go to eatbitcoinpizza.com
- Order pizza
- Local shop makes pizza
- Pizza delivered in Bitcoin Pizza box
- Profits from pilot donated to @HRF's Bitcoin Development Fund

Buy pizza. Promote bitcoin. Help small business. Build bitcoin. Everyone wins.
The Human Rights Foundation's Bitcoin Development Fund was a no brainer partner for us on this.

They are doing amazing work to help support the people who work tirelessly every day to make sure that bitcoin continues global ascension to mass adoption.

Read 7 tweets
14 May
Inflation is probably over 5% right now for the bottom 20% of Americans.

Time for quick thread πŸ‘‡πŸΌπŸ‘‡πŸΌπŸ‘‡πŸΌ
The bottom 20% experiences economic destruction very differently.

For example, "every dollar and more of aggregate gains in household wealth between 2009 and 2011 went to the richest 7 percent of households"

"Recent research also shows that prices have risen more quickly for people at the bottom of the income distribution than for those at the top β€” a phenomenon dubbed β€œinflation inequality.”"

Read 11 tweets
11 May
Today I'm announcing that I have led the $5 million Series A round in @synthesischool.

Our current education system was built for the industrial age. We must teach our children to be prepared for the digital age.

More information in video and thread πŸ‘‡πŸ½πŸ‘‡πŸ½πŸ‘‡πŸ½
Our children are forced to sit still, be quiet, and simply do what they are told in school.

We tell them what to think, rather than teach them how to think.

Synthesis does the exact opposite. Children learn problem solving and critical thinking skills.

The world needs many more innovators, entrepreneurs, and creatives.

The legacy education system literally teaches students how to do the exact opposite. This should be a national emergency!

Do you want your kid to be prepared for the future? Sign up: synthesis.is
Read 9 tweets
7 May
My goal this year is to help 10,000 people get hired in the bitcoin and crypto industry.

We're making really solid progress, but have a lot more work to do.

The third cohort of the training course starts Tuesday. Sign up here: maven.com/pomp/pomps-cry…
We know that what we are building won't be for everyone.

If someone has better ideas, we hope they build something that is more effective.

We'll be happy as long as we get more talented people joining the industry. This is going to require a team effort.
If you're looking for a job in bitcoin and crypto, you can use these resources today:

Job Board: pompcryptojobs.com

Training course: maven.com/pomp/pomps-cry…

While these are a good start, there is a lot of work left to do. We'll be building more products in the future.
Read 4 tweets
21 Apr
Sometimes people just need a little boost on their journey to build their dreams.

Tag a friend who has been working their ass off below and link to where people can follow them, buy their products, or help support their work πŸ‘‡πŸ½
One person who has incredible consistency and produces high-quality conversations every week is @FerraroOnAir.

You can listen to his podcast here: onepercentbetterproject.com
Another person to check out is Kale Abrahamson who writes a daily newsletter that provides interesting ideas and touches on how to build income streams.

Subscribe: thekaleletter.substack.com/?utm_source=di…
Read 8 tweets
17 Apr
Earlier this week @SovrynBTC launched after a syndicate of investors, including myself, invested in the project.

Here is how it is going so far πŸ‘‡πŸ½
As a reminder, Sovryn is building decentralized financial applications on top of bitcoin.

Decentralized exchange, decentralized lending, etc.
After 3 days, all-time volume has crossed $46 million.

Total value locked is approximately $30 million.
Read 6 tweets