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An Oversimplified Guide to Investing. (Inspired by Dalio's "people discovering that much of what they thought of as their wealth was merely people’s promises to give them money.")pic.twitter.com/iPhM4dJU2W
note that the difference between a handshake and a promise is that the handshake is a more "elite" kind of agreement between Individuals (with Trust but Verify going on in the background) while a promise can be paper based and bundled into complex bs.
"promises" should be avoided but b/c of the way things work promises tend to affect everything. "I use the BEST fertilizer for my corn." "we have new cutting edge blood analysis technology." "my word is my bond."
adding quotes from "Principles for Navigating Big Debt Crisis" to avoid spamming timeline: https://bit.ly/3pnEZzK https://bit.ly/3onGrAZ
Reminds me of why the Strict Father is over-protective of the Teenage Daughter. "If you step out of my domain, there will be no God to protect you!" Even at the highest levels of the hierarchy the hoomans are helpless.pic.twitter.com/a7onv6eK2o
this prompted my salary thought: https://twitter.com/a_yawning_cat/status/1354508913039745025?s=20 …pic.twitter.com/z0U98yoBOD
the cash injection meant to kickstart the economy might be going to stupid things. this is when ppl start to think "if only we had more centralized control over how money is spent!"pic.twitter.com/B0fuT8wSnk
the value of a currency basically lies in how much people want it.pic.twitter.com/ORB4DIPlNf
politicians will never not print because everything else is political suicide.pic.twitter.com/u9XVk7eZOn
the equivalent of holding someone's hand at a funeral so that the event doesn't leave permanent psychological damage. "Being there for someone"pic.twitter.com/D1Io6iHzIe
it's all about the Story....https://twitter.com/a_yawning_cat/status/1351777921338286080 …
Gold: retreat to an old never-ending story Bitcoin: creation of a new never-ending story. Nihilistic Optimism: unless you can stop time there will always be a story but also time-entropy-death blah blah blah Venture Capital: I CAME I SAW I CONQUERED the story.
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