Long-term investing is mostly discipline — not skill — Every useful skill I learned came from people I’ve never met. Joe Siegel is one of those people. Joe is a wealthy trader who made a fortune trading a commodity called green lumber. But no matter how many millions Joe would make, everybody kept thinking he was an idiot. See…

A story about fraud, free markets, and antifragility — The only thing more volatile than crypto is people’s opinions about it. In less than a week, mainstream media, bloggers, and TikTokers went from singing the praises of FTX’s genius founder to calling him an evil scammer. While it caught some off guard, almost everyone else with a keyboard and…

A crypto-disaster explained in simple words — FTX went from being the third crypto exchange in the world to filing for bankruptcy in less than a week. For context, cryptocurrency exchanges are platforms that allow customers to buy, sell, and trade digital currencies using traditional money — and vice versa. FTX has been the fastest-growing platform under…

Recessions are golden opportunities for long-term investors — My favorite scene of The Big Short lasts for about nine seconds. Michael Burry, who’s one of the main characters of the movie, sits on top of his desk while he listens to 15 voice messages he received earlier. This was during the 2008 crash. He’d just made over $100…

He calls it “X,” and it may become the WeChat of the US — If you ask someone from China what WeChat does, they’ll say “everything” — and you’d be wrong to think it’s an overstatement. I was at a Chinese diner with my friend Irene when I first realized WeChat was an app made to rule them all. For context, Irene’s brother had…

Smart decisions don’t always make sense — We’re all expecting a collapse. We just don’t know when. Forbes’ financial advisors put together 15 key indicators to predict the exact moment when the much-feared recession will hit. But fuck that. When you see a storm coming, you don’t tell yourself “hey, I need to measure the speed of…

From grass-fed to electricity-fed — When our ancestors first started to eat meat two million years ago, they didn’t do it out of pleasure. Earth was too hot for vegetation to grow, leaving survivors with only one option: the rotten animal bodies they found lying across the savanna. It was ugly but necessary. Then came…

Some will scare you, most will blow your mind — “The future is already here,” William Gibson once wrote. “It’s just not evenly distributed.” Some of you, dear readers, might live well into your 150s — and even keep your brains and curves till the very end. Not bad, eh? …

Converting death rays into electricity — Some 2,200 years ago, the Roman Empire decided to take over Sicily, an island located in modern-day Italy. It was a strategic move against the Carthaginians, whose influence spread over the Mediterranean basin. The invasion was supposed to be a picnic for Rome’s well-trained soldiers. What they didn’t expect was…