
Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...

Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...

Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...

Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...

Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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<100 subscribers
I don’t know when it was that US investors got excited about and became aware of the opportunity to invest in “emerging markets.”
My gut says it was the ‘80s, but I don’t know for sure.
What happened, was that some countries were opening themselves up to foreign investment and creating more opportunities for capital to get deployed.
So, you saw people rush to invest in the BRICS (Brazil, Russia, India, China, South Africa) and other places like Vietnam and Thailand.
Sometimes these investments worked out. Sometimes they didn’t, but they offered the promise and potential for higher returns than more established economies.
Part of the reason they offered higher returns was that they entailed more risk. The legal and political systems in many of these countries were not as robust as in the advanced Western economies. Of course, that is how risk/reward works.
Today, the “emerging market economies” aren’t countries, they are Layer 1 smart contract platforms and decentralized applications.
Some of these “digital nations” are a little less risky, like Bitcoin. Some are extremely risky, like Terra.
However, as we move full on into the digital age, the thoughtful investor would be wise to consider how s/he can participate in this inevitable transition.
I don’t know when it was that US investors got excited about and became aware of the opportunity to invest in “emerging markets.”
My gut says it was the ‘80s, but I don’t know for sure.
What happened, was that some countries were opening themselves up to foreign investment and creating more opportunities for capital to get deployed.
So, you saw people rush to invest in the BRICS (Brazil, Russia, India, China, South Africa) and other places like Vietnam and Thailand.
Sometimes these investments worked out. Sometimes they didn’t, but they offered the promise and potential for higher returns than more established economies.
Part of the reason they offered higher returns was that they entailed more risk. The legal and political systems in many of these countries were not as robust as in the advanced Western economies. Of course, that is how risk/reward works.
Today, the “emerging market economies” aren’t countries, they are Layer 1 smart contract platforms and decentralized applications.
Some of these “digital nations” are a little less risky, like Bitcoin. Some are extremely risky, like Terra.
However, as we move full on into the digital age, the thoughtful investor would be wise to consider how s/he can participate in this inevitable transition.
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