This was the 16th 1,000 point gain ever for the Dow.

President Trump has 14 of them.

Twitter DMs broke again so checking in here.

The value of video, on the other hand, is probably overestimated. It’s less searchable/indexable, the half life is too short.

Great entertainment value for viewers, tough to capture that value as the creator unless your “thing” is to be a video creator.

24-year-old me’s decision to start blogging incessantly has proven, time and time again, to have a stupidly high ROI.

Long tail effects of the written word are drastically underestimated, imo.

The Late-20-Something's Professional Dilemma On the pressure to figure out your "thing".

New blog just dropped: on the late 20-something’s career pressures:

www.youngmoney.co/p/the-late-2...

"While status is subjective, status games are unavoidable. We are constantly evaluating others’ status, others are constantly evaluating ours, and we ourselves are always chasing some form of “status,” regardless of whether we’re conscious of the chase."

Blog: www.youngmoney.co/p/status-gam...

New Year, New Me, New Job, New City. Got a new job, moving to San Francisco. Funny how life works.

Took a new job, moving to SF, and other fun life updates:

www.youngmoney.co/p/new-year-n...

And yet, I'm overjoyed that others haven't figured that out yet.

TSA precheck has the be the highest ROI on a purchase under $100… right?

What Bezos, Zuckerberg, Altman, and Musk’s donations to Trump would feel like for normal people It’s one banana, Michael. What could it cost, $10?...

Tech leaders—Zuckerberg, Bezos, Altman—are all lining up to donate $1M to Trump's inauguration fund. But what does a million dollars mean to someone with that much money? sherwood.news/power/what-b...

Moneylion is getting acquired for $1 billion. It went public through a SPAC deal around $2.4 billion. Was trading at $100 million 18 months ago.

Lots of SPACs were real companies that just had poor valuations, but made good investments after initially selling off.

Great minds think alike!

"The next social event, the next happy hour, the next promotion, the next job, the next date, the next side hustle, the next project. Every ounce of silence is replaced by noise. Distraction. Dopamine. It’s exhausting."

New blog: escaping the dopamine machine:

www.youngmoney.co/p/factory-re...

I realize it's en vogue to parade around when your asset goes up. Just annoying seeing the "I told you back in 2014" posts when the stuff that people said in 2014 was totally off base lol.

You can get rich being right for the wrong reasons, but don't act like a psychic.

Increased accessibility was great for the price, and I think “digital gold” is the best description at this point, but it’s wild to see how the goal post has moved over time.

It’s categorically useless as a currency, and it’s entirely centralized at this point. You buy it on Coinbase or Robinhood, Blackrock has an ETF, etc.

A thing about bitcoin that I’ve found annoying is that the original argument for it, a decentralized currency that can’t be manipulated, is effectively dead.

The price went up because 1) it’s broadly accessible on exchanges and 2) people just… bought it.

Great to see Taylor Lorenz celebrating an insurance executive with a wife and two kids getting murdered today. Impeccable taste.

American health insurance is a broken industry. Taking a victory lap on someone's grave is gross. Do better.

Twitter does still produce some bangers.

Cracked out kid (who I chatted with two years ago, funny enough), casually tracking all Citibike data for a side project may be helping with the manhunt in Manhattan.

Curious to see conversion numbers. Anecdotally I've noticed click engagement is a lot higher here too, just started posting though.

Heavy is the head that wears the crown.

🫡

Since Jaguar's newest release is a "nonproduction model," I wanted to submit my application to be Chief Creative Officer. How'd I do?

Of course, there's no place for nuance on the internet, so everyone either thinks a politically-charged judge hosed Musk or the rich billionaire got what he deserved.

4) $345 million in legal fees for representing a plaintiff who had like 9 shares is insane, and using % of total monetary in question during a lawsuit as the measuring stick for determining attorney fees doesn't work when you're dealing with numbers this big.

This would have had the exact same impact as the prior package, but the loss on their next 10Q would look worse because of the current stock price. But, again, this would have been a much simpler way to address this whole issue instead of trying to retroactively rectify the flawed package.

3) Tesla could have (and should have) just proposed a new pay package that would have paid Musk the same number of shares, but they chose not to to avoid a $25B+ accounting loss from stock-based compensation.

2) The pay package had conflicts of interest that should have been addressed at any point before it went to court, instead of trying to use post-decision shareholder vote to justify the pay package.

A few things that can be true at the same time regarding Musk's pay package:

1) Tesla's stock price has increased ~20x since his pay package was created in 2018, and he should be compensated accordingly.