Founder & CEO of Professional Capital Management. Entrepreneur, investor, and lifelong learner. Order my first book here: https://t.co/WCHpGWSGVH
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Apr 30 โข 8 tweets โข 2 min read
Here are 13 charts that highlight how bad wealth inequality has become.
It is insane.
Charts below ๐๐ผ
The middle class has been completely destroyed over the last 50 years.
Jun 15, 2023 โข 5 tweets โข 2 min read
BlackRock did not file for a bitcoin ETF.
They filed for a trust. It is different than an ETF.
Jun 12, 2023 โข 8 tweets โข 2 min read
Here are 44 charts to explain what is happening in the US economy right now.
Let's dig in ๐๐ผ
GDP continues to grow and is up 9x since 1950.
May 16, 2023 โข 8 tweets โข 3 min read
The debt ceiling crisis is going to become a much larger concern for investors in the coming weeks.
Most of the mainstream media is writing about the drama, but ignoring the real important stuff.
Here is what you need to know ๐๐ผ
Janet Yellen sent a letter to Speaker Kevin McCarthy reiterating that the US will default in early June if action is not taken.
She claims the default could happen as soon as June 1st.
May 16, 2023 โข 4 tweets โข 1 min read
A great dinner question that almost always spurs deeper, more valuable conversations:
What is the most impactful thing you have ever done for someone else and why did you do it?
Another one:
"Which friend from childhood had the biggest impact on your life and in what way?"
May 11, 2023 โข 4 tweets โข 3 min read
One of the companies that I am cheering hardest for is @AtomLimbs.
They are building the first artificial human arm.
It is a non-invasive, mind-controlled artificial limb that would help millions of people in their daily lives.
In order for @AtomLimbs to successfully pull off the artificial arm, they have to combine an array of disciplines perfectly.
Mar 17, 2023 โข 11 tweets โข 2 min read
Bitcoin is the best inflation hedge in my opinion.
Many people incorrectly stated that bitcoin failed as an inflation hedge last year, but they missed what was happening.
Here is how I think about it ๐๐ผ
You have to realize that markets are forward looking.
They move based on what people believe will happen in the future, not on what happened in the past.
Price movements, especially of inflation hedges, are predicting the future.
Mar 14, 2023 โข 4 tweets โข 2 min read
The adult industry pioneers new technology.
This is true of the internet, live-streaming, bitcoin, & more.
Here is my conversation with four of the leading stars on their businesses & investments.
It is nearly impossible for any individual or business to plan for the next 12 months, let alone the next few years.
No one knows what the monetary policy of the global reserve currency will be.
The uncertainty will lead to bad decisions that once looked like good decisions.
The fact that we can't even predict what is going to happen in the next 90 days is absurd.
How do we expect employers to plan? How about pension funds? Or homeowners?
You need predictability in order to create stability.
Mar 11, 2023 โข 11 tweets โข 2 min read
When market turmoil happens, I try to make a list of things I learn so I can remember them later.
Sometimes the list is full of new things and sometimes they are just reminders.
Here is what I have so far from the last few days ๐๐ผ
Lesson #1: Act with urgency.
Many people heard rumors of SVB in trouble, but were slow to act.
When the risk-reward incentivizes action, you must act with urgency.
Dec 4, 2022 โข 5 tweets โข 3 min read
This week we released a number of conversations with interesting people who you can learn a lot from.
Here are the 3 most popular ๐๐ผ
Shawn Ryan is a former Navy SEAL and CIA contractor.
His story is absolutely insane (ex: defended CIA safe house against 100 Taliban!) and he is an even better human.
There are many people who are watching the crypto industry right now and confusing bitcoin with everything else.
I think I can offer an unique perspective here ๐๐ผ
For context, I started out mining Ethereum about 6 years ago. No one had really explained Bitcoin to me, nor had anyone told me about crypto/blockchain.
Someone simply told me you could buy computers, plug them in, & make money - so I started experimenting & trying to learn more
Nov 15, 2022 โข 28 tweets โข 6 min read
I have been thinking a lot over the weekend and there are a few things that I want to address.
This entire FTX situation absolutely sucks. There is no other way to put it.
Real people have been harmed by bad actors.
I have read every single critique and complaint that has been tweeted to me. I hear you. I see what you are saying.
I may not be responding, but Iโve spent hours reading everything. Feedback is a gift, so thank you.
Oct 26, 2022 โข 7 tweets โข 2 min read
LMAX Digital is an absolute beast. Year-to-date they have done:
- $161 billion trading volume
- 35 million trades
- 5+ million total BTC equivalent traded
- Active institutional clients up 12% YoY
They just keep growing at an insane pace.
I recently caught up with CEO @Mercerdavid who has some interesting takes about how institutions have really reacted to the crypto winter.
Been working with LMAX for awhile, so some of these thoughts really caught my attention ๐๐ผ
Oct 18, 2022 โข 7 tweets โข 3 min read
The US added over 3 million jobs so far in 2022. Did you change your job recently, or are you planning to? What are you going to do with your 401k?
Take control of your retirement today ๐๐ผ
Cut ties with your former employer & take those contributions with you to a self-directed IRA.
There is no better time than today.
Einstein called compound interest the 8th wonder of the world. The longer you wait to roll your old 401(k), the more it can cost you down the road
Oct 2, 2022 โข 10 tweets โข 3 min read
It reportedly took 100,000 men more than 20 years to construct the Great Pyramid at Giza.
It requires decades of focus and intense hard work to build anything that lasts for long periods of time.
It took more than 2,300 years to build the Great Wall of China.
There were at least 9 dynasties that oversaw construction during that time period.
Oct 2, 2022 โข 7 tweets โข 3 min read
TIL that Jeff Bezos and his friend are building a clock inside a random mountain that will keep time for the next 10,000 years.
This is wild ๐๐ผ
The clock is called the "10,000 Year Clock"
It is a symbol for long-term thinking.
The long hand will move once per year, while the short hand moves once every century.
Sep 24, 2022 โข 8 tweets โข 2 min read
The best investors know that "market selection" is more important than "asset selection."
The same thing is true when looking for a job.
The industry you pick is key to future growth and income.
Let me explain ๐๐ผ
As a job candidate, you are going to invest your single most valuable asset โ your time.
You have to think like an investor.
Investors seek out the markets where economic value is being created and captured.
Sep 15, 2022 โข 4 tweets โข 1 min read
Congratulations to everyone who worked on the ETH merge.
Many people doubted it could be done, but they were proven wrong.
This entire industry could use more collaboration and less divisiveness ๐๐ผ
I am not the only person in the bitcoin community who shares this sentiment.