Cedric Dahl (Y-Combinator Alumni) Says DO NOT Day Trade
An Education First Approach to “Internet Money”
I find Cedric’s comments via his video very interesting. He recalls a story about a friend and how his day trading attempts went south (the video is below).
Cedric advocated for the smart spending of resources. If the concept of internet money became so overly consuming that it yielded more time investment with a less than reasonable return, then it wasn’t worth day trading. Instead, educating oneself to focus on consistently finding the more rare opportunities in the crypto world, for instance, would be a better use of one’s time.
He recommended books on learning how to best understand these investments.
Zero to One by Peter Thiel
(To view investing from a venture capitalist’s point of view)
Summary: https://medium.com/@paulmillr/zero-to-one-summary-8dbda22e1559
The Starfish And The Spider by Orfi Brafman & Rod Beckstrom
To understand the rise of the social and technological movements of open and trustless protocols (like blockchain).
Summary: https://irevolutions.org/2010/01/09/starfish-spider-decentralization/
The Internet Of Money by Andreas Antonopoulos
Why crypto works and a deeper understanding of cryptocurrency.
Summary: https://www.acast.com/onbooks/mastering-bitcoin-and-the-internet-of-moneyEconomic Incentives — The Dictators Handbook by Bruce Bueno De Mesquita
The Dictator’s Handbook by Bruce De Mesquita and Alastair Smith
To understand preferential economics.
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