Options in NYC > Married to a Thai (Not Passport Arb)
Education selects for people who can’t handle uncertainty like (management fees parasites).
Let’s mentally detach you from the so-called “conventional wisdom,” which has been co-opted by academics rather than by technologists, who are the true leaders of practical application.
Mathematically, short-term day trading is superior to long-term investing if one truly possesses edge of the 1%. This is why the greatest fund is Medallion, as opposed to all the “pickers.”
Long-term returns are valued at present DCF: This means that when we consider long-term investments, we typically value them based on their expected future value discounted to the present. The long-term return reflects a single outcome in the distant future, often at the cost of waiting through volatility and uncertainty.
My five short-term returns might cumulatively be worth more than one long-term return: implying that instead of waiting for a single large payout in the distant future (long-term), achieving several smaller gains in the near term can accumulate to a larger total return. The idea here is that short-term gains can compound more quickly, providing potentially higher cumulative returns if managed effectively.
This suggests that short-term returns become more advantageous when they don’t rely on each other for success. If each short-term strategy is independent, the risk of one failure negatively affecting others is reduced. This lowers the overall risk and increases the likelihood of consistently capturing returns.
Risk & Reward
If you can handle VIX, the short term tend’s to have less uncertainty over time since they deal with nearer outcomes, but cumulatively, the risk may increase with each new plan. The success of multiple short-term plans may depend on compounding outcomes, which could increase volatility.
Another Man’s Trash
How can you tell they are the best? They couldn’t care less what others think of them, and they don’t really need anything more. On top of that, they take interesting sociopolitical stances because they know that 0.25% a day is in the bag.
Discernment shows that to really excel in this world, one must detach themselves from being a networking opportunist and rise without relying on insider advantages. If one can do that, they are truly a cut above the rest.
This stoicism rejects the idea that one has too much to “lose.” If you have too much to lose, your opportunities for exponential gain have already been eradicated. The truth is, most men don’t have much to lose—they just cope. Another man’s garbage is still just garbage—don’t worry. No man should be so unscrupulous as to end up merely with something like Zuck’s immediate family. You didn’t work that hard for that did you?
If I were incorrect, you wouldn’t see his necessity to reinvent himself.
Seneca
Seneca was the richest man in Rome, and like me, he took time to practice poverty.
Less is more, and no—you still don’t have too much to lose.
Remember, another man’s trash—LMAO.