Optionality feels exciting. People love having optionality in their careers. It provides a unique sense of power that they get to decide what to work on and where to spend time.

Earlier in your career, you’re constantly trying to portfolio manage your risk. …

Success, in a vacuum, is the worst teacher. Real success is a result of trying something again and again and again, and then finally, making it work. Because success requires a feedback loop, it makes sense to then reflect on the opposite of success: failure.

In school, we’re taught to avoid mistakes and mourn at failing. Instead, we should teach on how to fail fast, learn, try again, fail again (with iterations), and then succeed. …

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Originally published on faheemsiddiqi.com.

We’re in the midst of a pandemic, ~40M people are unemployed, there’s social unrest on the streets, there are tweet storms and live videos coming from every direction… yet the stock market is trading at an all time high. S&P 500 has erased it’s COVID losses and is back to same levels when we started the year.

Forecasting market trends have never been more challenging. In order for main street investors to get through this period, they have to go back to basics and focus on fundamentals.

To start, let’s look at key drivers of GDP. First is consumer spending. It makes up nearly 70% of US GDP. If you recall from your economics courses, the GDP equation is Y = C+I+G+(NX). Quick reminder: C is for consumption, I is for gross investment, G is for government investment, NX is for net exports. Since the US is primarily an importer, NX variable is typically negative. …


Faheem Siddiqi

Chief Strategy Officer at Lamark Media. Investor + advisor in early stage companies.