Outperforming PEs and Hedge Funds by stacking the hardest money 🌍 / 21M - Class of 2017

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Médéric retweeted
Incredibly emotional watching this because I’m painfully aware that “the good old days” are right now. At 42 I have a perfectly imperfect life with a wonderful wife and two great kids. I don’t long for my younger years. I want to freeze time right now.
Fletch17
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Médéric retweeted
Our time is coming. The world-conquering spirit of European Man, long dormant, is beginning to stir.
Orm
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Médéric retweeted
Elon Musk is the single most important driver of the vibe shift across the West. He allowed people to speak. He reversed the mind virus. X provided the antibodies for the mind virus. They are working. It was an extraordinary achievement, one on par with his other work.
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Médéric retweeted
WARNING: Longer post (but worth reading or bookmarking for later). Your life has seasons. Each one is unique. Characterized by its own distinct desires, struggles, opportunities, and identity. But one reflection I've had recently is just how easy it is to completely disassociate with the present season. To give all your time and energy toward a longing for some nostalgic memory of a prior season or an anticipation for some beautiful state of a future season. You look back at the past and all you see is sunshine. Because it all worked out. You forget (or glaze over) the struggle you endured. You're here today. You made it. You're alive. You're doing fine. You look forward at the future and dream on what could be. You'll have so much more. More freedom. More purpose. More health. More deep connection. More everything. The past is beautiful and the future feels limitless. So, logically, you slowly start to treat everything about the present as the bridge. A dash connecting your past and your future. A gap to be crossed as quickly as possible. Everything you do today is in anticipation of some eventual end state. I'm doing this now, so that I can have that later. Unfortunately, the danger of that dissociation with the present is significant. You may spend your entire life living for a future that has a decidedly mirage-like property. You inch closer, but when it's right in front of you, it disappears and reappears on the horizon. You may spend your entire life skipping through the present, deferring your presence, your joy, and your very humanity to a future that never comes. In a classic French fable, a young boy is gifted with a magic ball of golden thread. He's told that if he simply pulls on the thread, time will leap forward. The catch, of course, is that once it's pulled, it can never be put back. The young boy takes advantage of the newfound powers. Each time he's faced with a boring day at school, a frustrating set of chores, or a scolding from his parents, he pulls the thread, skipping through to the good parts. As an adult, he continues, leaping through mundane struggles in his marriage, the friction of having a newborn, and the boredom at work. He finds himself pulling on the thread more and more, avoiding even the most minor inconveniences of his life. But when he wakes up one day and sees an old man looking back at him in the mirror, he's filled with regret. He realizes in that moment that as he chose to skip through the boredom, struggles, and friction, so too did he miss the real texture of being alive. How often do we all do the same? How easily do we default into this disassociation? Disconnecting from the present in anticipation of some future. A mentor recently asked me this: "Where are you going and why are you in such a rush?" It hit me hard. And to be honest, I haven't stopped replaying those words since he said them. Why are you in such a rush? The world wants you to rush into everything. Rushed decisions. Rushed conversations. Rushed relationships. Rushed timelines. In doing so, you slowly relinquish your agency. You give up your claim on your own life. Surrender authorship to a pen that was never even yours. In a world that wants you to rush, the ultimate act of rebellion is presence. Be in the season you're in. Don't romanticize the past, don't fantasize the future. Be here. Be now. Be in this. All of its texture, depth, and struggle. All of its joy, tension, and pain. Sit with the uncertainty. Become friends with it. Fall in love with it. Because every single thing you do today is something your younger self dreamed of and something your older self will wish they could go back and do. The good old days are happening, right now. And the next time you find yourself skipping through the present, remember these words: Where are you going and why are you in such a rush?
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Médéric retweeted
That is what they said
“We’re here to fuck all the white girls and fuck the government. We’re over here to breed, we are going to take over.” That’s what one of the Dewsbury grooming gang rapists told his victim. Not poverty. Not “cultural misunderstanding”. Not random crime by “Asians”. This was muslim men operating with a clear religious and racial ideology. White non-Muslim girls were “slags”, “trash”, and “kuffar whores”, fair game for grooming, gang rape, trafficking, and beatings. Muslim girls were “pure”. White girls deserved it. Some perpetrators quoted scripture and framed their actions as religiously justified superiority over infidels. When the government repeatedly sides with the ideological rapists over its own children, when it betrays fathers and communities trying to protect their daughters, don’t act shocked when people lose faith in the system and take matters into their own hands. This is demographic and cultural conquest. An existential attack on Britain enabled by the very people sworn to defend it. The absolutely filthy anti-white, anti-Christian racist Mehdi Hasan calls the Casey report and the whole push for truth “bullshit.” The rapists’ own words in court and the girls they destroyed say otherwise. Denial this loud only confirms who’s still protecting the narrative and why.
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Médéric retweeted
I’m fighting for a western civilization where none of them had to die. We’re not fighting red vs. blue. We’re fighting good vs. evil. Darkness vs. light. We must win.
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Médéric retweeted
Don’t worry about Elon becoming rich with his own money. Worry about politicians becoming rich with your money.
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Médéric retweeted
Replying to @bourscheid
No, you don't get it. He does not have $1 trillion sitting in cash, it is 99% stock in his companies. To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined. Okay, but now Elon has $100b in cash, and can "solve the world's problems". $100b divided by the world's 8 billion people is $12 If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation. But everyone on earth could have one nice meal and you could revel in your altruism.
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Médéric retweeted
The Digital Transformation of Capital, Credit, and Money $STRC
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Médéric retweeted
Non-residents who spend millions of dollars on NYC apartments help drive NYC’s economy. Most of the profit in condominium development is in the penthouses. The Ken Griffins of the world make NYC high end development viable, driving high-paying construction, brokerage, legal, marketing, and other jobs in NYC. We should be applauding Ken for spending $238 million in NYC, not attacking him for doing so. Importantly, non-resident owners of NYC apartments who leave their apartments vacant for much of the year are not a burden to NYC schools, services, or other resources while they drive growth in retail sales, restaurants, theater, and other important drivers of our economy. They also often support NYC non-profits with donations. Ken’s company is a major employer in NYC of very high paying jobs which drive a considerable amount of our tax base. We wouldn’t want him to move even more employees to Miami. These non-resident owners also already pay a lot of taxes including mansion taxes, real estate taxes, sales taxes and more. While @NYCMayor Mamdani likes the tag line ‘Tax the rich.’ Unfortunately, his policies will harm the constituencies he is supposedly trying to help. I can’t imagine the NYC construction unions are excited about his plan.
Happy Tax Day, New York. We’re taxing the rich.
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Médéric retweeted
Some of the supposed character “flaws” of @realDonaldTrump are precisely those that are needed to be a courageous and bold global leader. He is not beholden to the castrated political and academic classes so he simply acts out of conviction. The world owes him a big debt.
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Médéric retweeted
10 Lessons Every Father Must Teach His Son: 1. Stop drinking.
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Médéric retweeted
"We're seeing the birth of a new monetary system, the Bitcoin standard." - @brian_armstrong
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Médéric retweeted
You won't need as much wealth as you think. But only if you understand this one idea: Tech deflation is coming in hard and fast. - Robots will be farming, manufacturing, etc. - There are massive economic incentives to make energy abundant - Super smart AIs will work around the clock to solve our remaining problems I see a lot of smart people assuming this means that everything is going to plummet in price. Even @elonmusk said he expects prices to fall on a recent podcast He's right, but only if you price things in Gold or Bitcoin (or equities) - NOT the dollar. The existing monetary system cannot allow prices to fall in dollar terms for a simple reason: No one can service debts if prices start falling. Imagine a business takes out a $1 million loan because they think they can sell $2 million worth of widgets and service the debt But what happens if prices fall and they can only sell $500K worth of widgets? They can never pay back that $1 million loan Multiply that across the entire economy... Banks collapse, savings go with it, lending stops, etc. That will not be allowed to happen. That's why even though we've made incredible tech advances, a Big Mac is 46x more expensive today than in the 1950's. Our monetary system requires inflation and debasement of the currency unit So as tech advances faster and faster there will be MORE debasement, not less. Everyone must realize: EVERYTHING WILL GET CHEAP IN GOLD AND BTC TERMS BUT NOMINAL PRICES WILL CONTINUE TO RISE AS THE DOLLAR DEBASES ASSET PRICES WILL MOST LIKELY CONTINUE GOING PARABOLIC WHEN MEASURED IN DOLLARS If you understand this, you just save in gold / BTC, invest in quality equities, and get wealthier in real terms over time as tech innovation goes exponential. Explain this concept to your friends and family now. It's the only way to stay ahead of what's already happening. Note on the chart: Performance of BTC, gold, and US treasuries (priced in gold) since October '23 when treasury secretary Janet Yellen capitulated by quietly shifting more US debt issuance into short term t-Bills instead of long term treasuries. Why did she do that? Because the market was telling her there weren't enough buyers for long term US debt. That was the signal that the jig was up. And that hard assets were the only rational move.
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Médéric retweeted
The EU has gone super nationalist over a bit of ice near Canada, but don't seem to care when it comes to illegal barbarians raping and murdering girls and women across Europe. Weird how that works.
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