Would it have been really fun for me to come in and just keep issuing a lot of debt? and… it’s almost like a bodybuilder taking steroids. Outside looks great, you’re muscular. Inside you’re killing your organs. That’s what was going on here.” -@SecScottBessent As a teen, diving deep into MLB’s steroid issue (late 90s) taught me a lot about our current issues and how what appears like a good thing is really damaging to the system. Reflected on those lessons with @Marty Bent / @TFTC (), Glad to see Bessent making a similar connection (around 19min - ) . There is a lot to be learned from this relationship.
Most people view investments as a way to make 💵, a way to buy more stuff. When you flip your optic to viewing investments as a way to make progress, to be productive… The outcome changes dramatically for the better.
Thought of the day: If you can’t *trust experts* with health🩺, medicine💊, or money 💴 then what is their purpose? Not saying all experts are bad, but ulterior motives seem to be driving most expert’s directives. It’s why we #bitcoin.
Looking back at data from last yr: 2013 & 2017 #bitcoin 🐻s were about 1,030 days. … w/ @Trey (27min mark). Applying avg 🐻s to the 11/21 high, marks today as the end of the ‘21 🐻. If similar to 2017, then 9/14 would mark the end. Interesting 🤷‍♂️.