Since President Richard Nixon took the United States off the last remnants of the Gold Standard in 1971, gold has actually outperformed the S&P 500 index in nominal terms. In the 50 years ended January 2020, the price of an ounce of gold in nominal dollar terms has
In an Aggressive and Thoughtful Approach to Investing, I outlined the principles used to construct my investment portfolio for maximum capital accumulation. In this post, I describe the current and two most likely macroeconomic environments that I believe investors should prepare themselves for. I believe that in the 2020s we
My first principle for being both Aggressive and Thoughtful is Conviction > Diversification. It is not only central to how I think about investing, but is core to how I think about making long-term plans for the future. I've always been inspired by great leaders and visionaries
It may seem crazy, but I stopped saving for retirement, and started investing for maximum capital accumulation. This has led me to construct an unorthodox investment portfolio based on a set of principles, convictions about specific assets, and beliefs about the investment environment of the 2020s. My thoughts on how
How do you store your Bitcoin? Do you keep it in a storage unit like this? Or maybe hidden like this? You think it's crazy that I am making references to Breaking Bad. You store your Bitcoin on Coinbase. What will you do if Coinbase is hacked like
I left my job at Amazon to become a self-taught Data Scientist. Months later, I moved across the country with my wife, from Seattle to Raleigh, so she could enroll in Duke University’s Physician Assistant program. After the ICO Bubble popped in 2018, I invested nearly all of
“Because there are no truly free places left in our world, I suspect that the mode for escape must involve some sort of new and hitherto untried process that leads us to some undiscovered country; and for this reason I have focused my efforts on new technologies that may create
I have multiple Bitcoin t-shirts, had a Bitcoin bumper sticker on my car for a year, own and run a Casa Bitcoin Node (you probably don’t know what this is), read obsessively about Bitcoin on #cryptotwitter, and talk about it every chance I can get with friends, family,
The case for treating crypto exposure as a sizing question: asymmetric upside, bounded allocation, and portfolio fit.
Reflections on David Graeber’s Debt, the 2008 bank bailouts, and why the financial system appeared poised for change.
Originally posted on Facebook on July 7, 2018. It seems equally likely that there is no life beyond Earth as there is. The reason is that no life has yet been observed beyond Earth, and no one understands the mechanism by which life first emerged from matter. I don'
A 2018 argument that U.S. trade deficits reflect military power and a global tributary system—not merely free trade.