I wish I was an investor or fund manager or whatever, because the modern version seems to be a kind of gentleman philosopher, who reads widely, spends time thinking about broader issues about human nature and where the world is going, and (because the job is bound up with money and finance) people pay attention to.
One gets the impression that being a public intellectual, and writing these missives to demonstrate bona fides, is a major part of the act. It may even be genuinely useful, although one wonders how much of what is useful makes it into the public-facing corpus.
Like I read these letters it’s like the rich stunning on us regular poor folk.
From Buffet to this guy. I know the community love Ross Stevens but I see the bragging about the returns at the end and it’s like man good for you! Why make us read 1000s of words to humble brag about how well your investments are going.
I guess we are to use them for inspiration? and to be come better capital allocators?
Honestly, after I visited the ego death capital offices and saw all of them - Ross, Jeff Booth, Preston, Lyn Alden, in that luxurious space, I thought to myself this can't be what Satoshi had in mind.
The luxurious accoutrements are a minute fraction of the funds they're working with and well worth the cost of making clients feel comfortable. I can't really blame them for the luxury, any company would do the same. Isn't it pretty cool that they even opened up their meeting to the public?
Well, it wasn't open to the public. I happened to represent a business they were looking to entice into investing. For the record, no investment was made. I just went there to look around.😀
Just last year, The Atlantic wrote, “15 years into its existence, bitcoin has yet to demonstrate any serious use case.” [..] Bitcoin has a use case. Human rights treasure.
oh great! Now that Buffett is out and won't write more, this is a great replacement!
Saw a sweet Twitterati comment:
https://x.com/MasonFoard/status/2005452808355790945
https://twiiit.com/MasonFoard/status/2005452808355790945
I wish I was an investor or fund manager or whatever, because the modern version seems to be a kind of gentleman philosopher, who reads widely, spends time thinking about broader issues about human nature and where the world is going, and (because the job is bound up with money and finance) people pay attention to.
One gets the impression that being a public intellectual, and writing these missives to demonstrate bona fides, is a major part of the act. It may even be genuinely useful, although one wonders how much of what is useful makes it into the public-facing corpus.
Anyway, it seems fun. I could get into that role.
Man this is really long read. I started it but lost interest
That's the way they always are, but they have good information. I usually skim it once then read it slowly.
It seems like the general premise is to stay resilient even when the world is skeptical.
But for these funds are for the already wealthy right? We can’t be part of this fund?
I sure can't
Me and you both.
Like I read these letters it’s like the rich stunning on us regular poor folk.
From Buffet to this guy. I know the community love Ross Stevens but I see the bragging about the returns at the end and it’s like man good for you! Why make us read 1000s of words to humble brag about how well your investments are going.
I guess we are to use them for inspiration? and to be come better capital allocators?
Honestly, after I visited the ego death capital offices and saw all of them - Ross, Jeff Booth, Preston, Lyn Alden, in that luxurious space, I thought to myself this can't be what Satoshi had in mind.
The luxurious accoutrements are a minute fraction of the funds they're working with and well worth the cost of making clients feel comfortable. I can't really blame them for the luxury, any company would do the same. Isn't it pretty cool that they even opened up their meeting to the public?
Well, it wasn't open to the public. I happened to represent a business they were looking to entice into investing. For the record, no investment was made. I just went there to look around.😀
Yeah absolutely but we can still be critical it is hard to stay humble once wealth is amassed
Hahaha 😂 I am sure they are all good people but maybe they are trying move into the next echelon of wealth.
And need us regular folk to pump their bags as they climb up!
14 very spacious pages... probs, what, 4,000 words? LAAAAAZZYY
Interesting pitch there.
I just started reading this his annual letter last year. Great selection!