“Wherever there’s a major shift in the American landscape in the past half-decade—be it political or cultural—there, somewhere on the donor list of the political campaign, or among the investors in the controversial technology, is Peter Thiel.“
On investing he says – “It’s really, really, really hard to be a good poker player. And if you’re kicking yourself every time you have a bad hand, the bad habits just simply happen. You just need to be able to have a system that lets you think through the process…“
If you have ever invested in Japanese stocks it can feel like learning all over again.
This is a really great article written by a westerner fluent in Japanese who has spent his whole professional career in Japan including starting a business.
Attached is an interesting table showing operating revenue evolution as well as how the revenue split between matchday, broadcasting and commercial has evolved.
Fascinating article on how millennials have suffered economically.
“Chart depicts inflation adjusted GDP growth per person for each generations first 15 years in the work force (from age 18) averaged across birth year for each generation“.
Interesting lessons here on buying into bubbles, reflexivity (that markets can influence the events they anticipate), instinct (the famous back pain he gets) and mistakes.
“He once asked Byron Wien, an investment strategist and friend, why he went to work every day. Why not work on the days when it makes sense to do so, he asked, when there is something special to be done?
Wien replied: “George, one of the differences between you and me is you know when those days are and I don’t.”
