Asset Allocation: The Only Hereditary Iron Throne
A single asset can't withstand risk, but multiple assets combined are unbreakable no matter what storms hit.
The thi…
Category: Money Notes
Why Immigration Is a Systemic Endeavor
The essence of immigration is transplantation. The key point lies in whether the plant can perform photosynthesis and s…
What to Buy in a Down Cycle?
Buy cash cows.What kind of cash cows? Cash cows with high moats (monopoly). A company can only have a high moat if it o…
The Essence of Money
Every currency operates in two dimensions: a downside and an upside. The downside refers to how low it can fall—and wha…
Your enemies come from all directions.
The real battlefield is cruel precisely because of this: the mantis sees only the cicada, the oriole sees only the mant…
Scarcity is Relative
Beautiful women are rare, but compared with the rich, there are actually plenty of them. Talented people are rare, but …
Low Birth Rates Are Actually Low Marriage Rates
Low marriage rates exist because everyone wants to enjoy a better life right now, and nobody wants the hassle or burden…
Respect the facts and be realistic; in fact, many people cannot achieve this.
Some 30 to 40 years ago, going to college was a genuine leap of opportunity. Higher education had stagnated for years a…