james22

Would allow Fink to ensure his BTC swan song successful like nothing else. He'd be a historic figure if solves the debt crisis and stabilizes the dollar. And makes Blackrock indispensable.

Trump: And you ask Jamie Dimon, Jamie Dimon was, you know, very negative [on Bitcoin] and now all of a sudden he’s changed his tune a little bit. https://archive.ph/MfrmC/again?url=https://www.bloomberg.com/features/2024-trump-interview-transcript/#selection-7811.277-7811.402

Funny rant.

SEEING REPORTS LIKE THIS IN VARIOUS PLACES, NONE THAT I’D CALL AUTHORITATIVE: Stay tuned. Even if false, these reports probably mean something, if only an effort by rivals to underscore his age. https://instapundit.com/661142/

Ordered. Have you read Left of the Bang? Seems nicely complementary.

Ha. Ask me next year.

We'll see. Age 60, four years into retirement, dependent upon my portfolio, I'm only betting what I can afford to lose. But just seems like a unique opportunity. Not often a new asset class is created.

I'm pretty committed to the simple belief that BTC is a product Fink/Blackrock will successfully sell (as they did MBS and ESG). I don't need to speculate beyond that to justify the position. And since I don't know how to value a company doing something that has never been done before, I just accept that the Market has traded it like a leveraged BTC fund. That works for me.

What's MSTR's future earnings growth?

Yes, I want the leverage.

50% MSTR 35% BRK 7.5% Money Market Fund 2.5% Info Tech ETF 2.5% Small Value ETF 2.5% Energy ETF

As with any scarce commodity—be it oil, gold, or rare-earth minerals—countries often engage in fierce competition with each other to secure the lion’s share of resources. And as one of the scarcest commodities on planet earth, there’s little reason to believe bitcoin would be any different, especially if its value continues to grow as many financial analysts expect. https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/

Corrected for you.

Yep. Probably best to consider life as governed by constraint theory: your life only as good as your limiting factor (romantic, social, intellectual, spiritual, financial, health, etc.). Came across this guy: https://www.youtube.com/@BenMallah/videos Perfect (bad) example - wealthy and spends all his time/energy on creating more wealth (waay past diminishing returns) at the cost of his health (his doc has told him he's not long to live if doesn't make changes). Hard to set aside what you're good at and enjoy as your measure though.

That's the best advice. The Barbell Prescription makes the objective argument for strength training over anything else, but what matters most is finding something that works for you. https://www.amazon.com/Barbell-Prescription-Strength-Training-After/dp/0982522770/

No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable. Socrates

But there is a dark side to wellness, which I always, for shorthand, thought of as political: getting fit makes you more rightwing. The mechanism is incredibly simple: you embark on this voyage of self-improvement, and more or less immediately see results. You feel stronger and more energetic, probably your mood lifts, and pretty soon you think you are master of your own destiny. You’re still not, by the way: destiny does not care about your step count. But until that fact catches up with you, which it may never, there you are, high on self-righteousness. You can tell this has happened to you when you start inhaling performatively, like the hero of an Ayn Rand novel. https://www.theguardian.com/commentisfree/article/2024/jun/03/getting-fit-could-turn-you-into-a-rightwing-jerk