Did you watch the Super Bowl on Sunday? Did you see how many crypto ads there were???
The ‘To the Moon’ Crash Is Coming [Vice] – “The lessons of the dot com bubble stuck with Wolfe, who developed a skepticism of hype and a passion for finding businesses with solid balance sheets and healthy cash flow. But today, Wolfe sees many of the same psychological forces enveloping tech firms and the broader investor class. The YOLO investing process, most closely associated with the subreddit wallstreetbets, has pumped stocks like GameStop to the moon and pushed people all in on fad coins like DogeCoin. But for many people, it has also replaced the investment process, popularized by one of Wolfe’s idols, Warren Buffett, of a slow and steady search for good business fundamentals.” This is really good- especially “the price is what you pay and value is what you get” part.
The Power of Regret: How Looking Backward Moves Us Forward [Next Big Idea Club] – “Daniel Pink is the author seven books about business, work, creativity, and behavior, including the #1 New York Times bestsellers Drive and To Sell Is Human. He is also one of our curators here at the Next Big Idea Club. Below, Daniel shares 5 key insights from his new book, The Power of Regret: How Looking Backward Moves Us Forward.” Very short read but contains some gems – I particularly liked the framework around regrets (foundation vs. boldness vs moral vs. connection).
It Was Never About Frugality [1500 Days to Freedom] = “I suppose my tale of auto repair is an evolution in thinking that many on the FIRE path will go through. Money has different values at different times. When I was a kid just out of university with a net worth of -$60,000, I would have changed that pump without a second thought. $200 meant everything back then. But now, the money situation is better and I should value time above pretty much everything else. Time to exercise. Time to read. Time for creative pursuits (like typing these words). Time for the family.”