Appreciate the thoughtful response. A few thoughts:
Generally agree with your assessment of where we are headed if nothing changes. Agree that a small amount of time spent on decentralized and censorship resistant protocols like bitcoin and nostr provides resilience in an increasingly fragile world.
However, in the OP you mentioned there’s no reason to pay attention to say the debate because it doesn’t matter sighting the fact that the sitting president isn’t all there and ‘nothings changed.’ That’s the point I’m trying to make - things should change. Certain parts of public life are not acceptable in my opinion.
Generally I want less war, more reasonableness. It’s my right to inform myself about who may best achieve those objectives.
Also. The word politics is rooted in the Latin ‘politi’ meaning public. It’s just all the things we do together. It’s how define how best to get along with one another and most importantly, it is the alternative to war. And I agree that politics is not my ultimate source of my hope - that is foolish and will result in despair because politicians (like all of us) are selfish and flawed.
The only point I meant to make is that resignation from politics entirely yields ground to whoever desires that power. And some power seekers are in fact worse than others. Therefore we should seek to empower those who would wield their authority well (even if it is the lesser of two evils which is often the case). All the while we should (as you said) become antifragile, wise, resilient through self sovereign censorship resistant protocols.
It seems to me that gold and silver are likely to outperform bonds on the defensive side of portfolios. I can’t imagine holding TLT while SPY is at ATH, rates are dropping, and M2 growing.
Continue to be constructive BTC and well capitalized BTC miners for the foreseeable future.
Saw some comparisons of $COST and $NVDA yesterday saying that the relative PE ratios make $NVDA look cheap.
Ask yourself this question:
What discount rate should be applied to these investments?
Conclusion? Don’t get married to 1 metric.
Unsurprised you read Marks’s content.
He’s the man. His memo a month or so ago that talked about discouraging the use of definitives (always, never etc) in markets was such a good read.
We can prepare for a variety of outcomes, and some are more likely than others but markets are probabilistic - they often (not always surprise us!
I’ve played guitar since I was a kid and i largely learned by ear.
The kicker for me was that I can also sing. The ability to listen and match pitch or sing along to the radio helped a ton when I was starting out.
For guitar now, I just put a record on and play along as I learn the song. The key is that playing (and singing) is as much about listening as it is about playing (or singing)
You gotta hear it in your brain and connect that to the instrument!
Best way to learn is to pick a song you love and try to learn it just by listening. Find out what key it’s in just by trying different keys as you listen - once you find it you should be able to follow if you learn some basic music theory.
Hope this helps! My work is super left brain (investment advisor) and so having a right brain outlet for relaxation is very enjoyable.
@MartyBent
Hey Marty,
I’m wondering if you have a mining 101 primer you’d recommend.
I’ve got a buddy who reached out about starting a Bitcoin mine at a hydroelectric dam his family owns in Michigan. Power should be very cheap so I figured it may pencil.
I invest in the public miners and have followed the space for a few years now but I’m by no means an expert.
Was hoping you might direct me to resources that you find helpful
-Carlton in Birmingham, AL
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