"We don't really get caught up with what other people are doing." -- WB describing his and Charlie's edge.

Capturing the full economics over time of a good idea is so much harder than finding a good idea.

Fintwit archive, 2013.

Little did he know...

Fintwit archive, 2019.

Fintwit archive, 2017.

Intensity is overrated; consistency, underrated.

Happy Super Bowl Day 🏈. The Super Bowl is a great American secular holiday. It’s one of the few cultural events we all do together. Those who want us worked up over who entertains at halftime are playing the country for fools. Not every trivial aspect of life need be political. Have fun today.

<---- Remembers DOW 1950.

Kindness, or at a minimum, basic decency, is a component of character. One has those things, or they do not. Given enough time, whether someone has or doesn't have good character becomes a less interesting question than why so many people can't tell, or don't care.

On top of all this, #$BTC is most certainly losing share to stablecoins for both criminal and legitimate foreign transfers. Volatility has been tolerated as a privacy tax, but with USD-backed stablecoins available, why use #$BTC at all?

Serious Q: At what price in #$BTC does the fixed costs of mining/processing transactions no longer pencil? In theory, could the entire ledger network just shut down because it's uneconomic to keep running? If I'm missing something, thanks in advance for explaining it to me.

Griffin is saying it, and everyone knows he's right. Whatever criticisms one may have of past administrations (I have mine), there is no modern analog to the levels of statism and self-dealing of the past year. It's unserious to pretend otherwise, much less defend it. www.wsj.com/business/ken...

Munger: "The point of getting rich is so you don't have to work with people you don't like or get along with people you don't want to."

Fintwit archive, 2018.

Good read: www.nytimes.com/2026/02/02/o...

Fintwit archive, 2016.

Silver looks like it's restating past numbers, suspending the dividend, and investigating accounting irregularities.

How to invest and how to live are basically the same. 1. Identify what matters. 2. Give no attention to anything that isn't that.

Fintwit archive, 2015.

Fintwit archive, 2019.

Fintwit archive, 2017.

"The presidency is preeminently a place of moral leadership." -- FDR.

Fintwit archive, 2015.

Evidence doesn't penetrate loyalty-based systems.

The eradication of disease through vaccine biotechnology is one of humanity's great achievements of the last century. It has saved millions of lives and increased human well-being across generations. I'm not telling you how to feel about it, just what is. www.nytimes.com/2026/01/23/h...

Fintwit archive, 2013.

My default setting on personal liberty and economic freedom is extremely high. I'm skeptical of arguments that place limits on freedoms. Plus, I grew up in Las Vegas. Invested in gaming; served on a casino board. Adults should be adults. So I'm surprised at how dubious I am on prediction markets.

FTR: Article 5 of NATO's charter, stating that an attack against one is an attack against all, has only been invoked once: in defense of the U.S. after 9/11. Hundreds of European soldiers died in Afghanistan. Highest loss per capita: Denmark. I'm not telling you how to feel about it, just what is.

Fintwit archive, 2016.

Chaos follows a disordered mind.

Fintwit archive, 2019.

Have a great weekend. Take three and a half minutes over the weekend to connect with these words; one of his best, IMO. www.youtube.com/watch?v=NlV_...

"Success is the ability to go from failure to failure without losing enthusiasm" -- attributed, probably incorrectly, to Churchill; nevertheless, a good quote.

Prettaaay, prettaaay, prettaay... good!

Well, that's me... if I get the boot, do you suppose I'll get all my tax payments refunded?

Fintwit archive, 2018. Take "taster" positions, adding as your knowledge grows and the stock earns it. Be indifferent to quickly taking modest losses on that which doesn't inspire greater conviction.

"The connection between stupidity and cruelty is a close one." -- Christopher Hitchens

Fintwit archive, 2017.

Fintwit archive, 2016.

A good take on the long game of foreign policy. www.youtube.com/watch?v=4NTK...

People have surrendered their minds. It’s wild.

Re-posting for no particular reason.