i grew up with a grandfather who had been very successful in the oil business. One of the things he taught me that i still do to this very day is what he called premeditating. It's essentially a monte carlo simulation that you do on paper. And it has saved me many, many times from making like a decision that seemed like an easy decision and then when you did the premeditation, you like, oh, i don't like that at all. That is o i think all of us actually do things. So be careful what you wish for.
As Chamath Palihapitiya put it back in April 2021, 10-K Diver is “one of the best fintwit accounts on Twitter.” 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads. You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/ Show Notes:
- Curating aggressively
- Is there a long term plan?
- Reasoning from the first principles
- Volatility tax
- Do markets have a memory?
- Financial Independence, Retire Early (FIRE)
- Mental models for investing
- Premeditating
- Jim’s GIF game
- Is it a Lindy or a turkey?
- The ‘Money Concepts’ show
- Benefits and pitfalls of leverage
- What’s next for the 10-K diver?
Books Mentioned:
- Reminiscences of a Stock Operator; by Edwin Lefèvre
- Happy; by Derren Brown