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Childhood Lessons in the Arizona Sun
1/ You’re biologically wired to be a bad investor.
1. Amazon $AMZN
2/ Over the past 3 years? Nothing pretty.
2/ $SHOP ran ahead of itself in 2021 and nobody who understands valuations would touch it with a 10-feet pole.
If you don't know already -> Stanley Druckenmiller: the Wall Street wizard with a career spanning decades, Druckenmiller has mastered the art of predicting financial storms before they make a ripple.
1/ Humans are programmed to be bad investors.
🤖📊 Players like algorithmic traders & market makers want you hopping from trade to trade.
2/ Worries about FedNow (instant payments by gov) are grossly exaggerated - what was the last time government competed with private sector and won?