1.The graffiti artist who painted Facebook’s office in 2005 was paid in stock that is now worth over $300 million. He had wanted $60,000 in cash.
2. Onions are 328% more expensive in India today than they were one year ago.
3. When a victorious general paraded through the streets of Rome, he was followed by a servant tasked with keeping the general humble. The servant would repeat to the general: “Memento mori”. Remember you will die.
4. In 1961, a pair of hydrogen bombs, each over 250 times more powerful than the bomb that destroyed Hiroshima, broke off a…
Why is investing so confusing?
It’s based on formulas but works on emotions.
It’s a game of opinions but yours doesn’t matter.
It rarely seems easy but, should it, feel queasy.
It will feel painful but you should stay hopeful.
It’s bound by the ordinary but publishes only extraordinary.
It says the past won’t repeat but you’ll always see a chart on top of your sheet.
It buys you return but you sell for risk.
It works in the long-term but you can’t see past the short-term.
It shows price is paramount but explains quality is priceless.
It claims “buy and hold” but also “cut your losses”.
It incentivises scale but success collapses under size.
It wouldn’t be anything but compounding is everything.
It took JK Rowling 7 years to publish her first Harry Potter book. It took JRR Tolkien 17 years to write Lord of the Rings. It took Charles Darwin over 20 years to print his theory On the Origin of Species.
Success takes time, self-doubt and courage.
As Jeff Bezos put it, “invention requires a long-term willingness to be misunderstood. You do something that you genuinely believe in, that you have conviction about, but for a long period of time, well-meaning people may criticize that effort.”
Charles Darwin was called “the most dangerous man in England” when his work finally…
Kane Tanaka is the oldest person still alive. She’s 116, and was born in the same year the Wright Brothers achieved powered flight. It feels right to say, at her age, “She’s seen it all.”
But, with great respect, she hasn’t.
She’s lived through 0.06% of human history and less than 0.000003% of our planet’s past.
A huge amount has happened since Kane was born, but an order of magnitude more went unseen before she arrived, prematurely, on 2 January 1903.
Based on how we live, it’s hard to believe that for 99.9% of our species’ time on Earth, survival…