The stock market is the only market where things go on sale and all the customers run out of the store. – Cullen Roche Meta Facebook trades at <12x earnings ex cash. Teradyne, Texas Instruments, and Taiwan Semiconductor have forward P/E ratios of 16, 17, and 18x, respectively. Companies like Autodesk, Thermo Fisher Scientific, and […]

As of January 28th, 2022, these are my top 16 individual stock positions representing 44% of my long exposure Meta (FB) – Facebook (blue) is a near indispensable public utility. It’s the backbone of our online presence, even if we don’t login as often as we used to. Facebook and Instagram are the defining platforms […]

Banning Bitcoin Bitcoin is banned in Algeria, Bolivia, China, Colombia, Egypt, Indonesia, Iran, Iraq, Nepal, North Macedonia, Russia, Turkey, and Vietnam. Bitcoin is used in all these places. Bitcoin is a censorship circumventing monetary network. As such, it’s an incredibly powerful tool against financial oppression of all kinds, including using the banking system to silence […]

A common criticism of Bitcoin before 2017 was that fees were too high and Bitcoin wouldn’t scale. This led to dissension among the Bitcoin community over the size of each block on the blockchain. If you want to learn a lot more, check out The Blocksize War, and if you want to learn a bit […]

It’s estimated Bitcoin consumes ~110 TWh (Terawatt Hours) per year. To put that in perspective, it’s about 0.55% of global electricity production, or roughly the same amount as small countries like Malaysia or Sweden. This was paraphrased from Nic Carter’s How Much Energy Does Bitcoin Actually Consume. If you recall from Bitcoin’s Intrinsic Value, Bitcoin’s […]

Bitcoin’s “Intrinsic Value” Here are the things that give Bitcoin value: Engineered scarcity Its use as a store of value (or work) Network Value Permissionless payments in humanitarian efforts  Energy Investment (or security) Engineered Scarcity Bitcoin is the first asset in our universe, of which we are aware, that has absolute scarcity. Supply is not […]

Bitcoin is digital, decentralized, finite, fair, safe, improving, elegant, unstoppable, and volatile.  Bitcoin is digital: Bitcoin is a single, growing ledger of transactions that are hosted by computers all around the world.” It is referred to as a blockchain, and it can be thought of as internet money or a network of computers verifying the […]

It’s a glorious day! On this day in history, April 30th, 1897, British physicist J.J. Thomson announced his discovery that atoms were made up of smaller components. This finding revolutionized the way scientists thought about the atom and had major ramifications for the field of physics. Though Thompson referred to them as “corpuscles,” what he […]

As of February 13th, 2021 (Representing 60% of my long exposure) Here are my top 20 stock positions along with the mini-thesis of why I own them: Facebook (FB) – Facebook is a near indispensable online public utility. It’s the backbone of our online presence, even if we don’t login as often as we used […]

Happy Friday, On this day in history, February 5th, 1637, the infamous tulip bulb bubble reached its peak. The Dutch tulip bulb bubble of 1637 is often considered the first ever speculative financial market bubble and is still referenced to this day as one of the best historical examples of irrational investor behavior. The bubble […]