There’s a great Bill Murray quote about being rich and famous – “To people who want to be rich and famous, I’d say, “Get rich first and see if that doesn’t cover it””.
Being famous, as it turns out, sucks. There are downsides of being famous and poor but there are no downsides of being rich and unknown.
The Real Price of Success [Sahil Bloom] – “I was recently struck by a realization: The people I read books about are very rarely the people I would ever want to trade lives with. Why? The price of their success was not one I would be willing to pay.” I agree with this sentiment and it echoes one I heard recently on a 3-year-old old podcast episode from The knowledge Project with Naval Ravikant)
You missed it [This is the Top] – “Just look to the first half of this year as the perfect example of how failing to invest excess cash might lead to missed opportunities. The S&P 500 climbed over 14%, and the tech-heavy NASDAQ set a new record by surging an astonishing 38.8%. Meanwhile, the 1-year T-bill you purchased in January at a rate of 4.72% earned just 2.36%. That’s a massive spread in returns. From a market standpoint, you missed it.”
As we glide into the weekend, I want to share a story that might put a smile on your face. Did you know that there are 9 dogs who have been elected major of their small towns?
Yes!
Reliable, friendly, and masters of one-way communication: Meet the dog mayors of America [Insider] – “Small towns in California, Minnesota, Colorado, Kentucky, as well as San Francisco have all had dog mayors. Mostly, the dogs are figureheads. Their elections are used to raise money for animal shelters, or for the towns. Elected dogs also tend to last a long time in office, in dog-years anyway.” (I don’t think they needed to say the dogs are figureheads though 😂)