> as ideas worth listening to, on any topic.
Shoe Button Complex as coined by Buffet and Munger. I see this all the time from even mildly successful people. Suddenly the Early Bitcoin Adopter is now a Macro Economist and a Relationship Guru.
Shoe Button Complex as coined by Buffet and Munger. I see this all the time from even mildly successful people. Suddenly the Early Bitcoin Adopter is now a Macro Economist and a Relationship Guru.
But in hindsight it was always more likely to be green than red, and you could handily beat the market average if you had any kind of tech tilt at all, which many of these people naturally did. This applies to private equity too. I think a lot of mediocre tech VCs ended up with green books because the tide was just rising so fast; if you invested in any Stanford/Berkeley/MIT person who walked through your doors, it was impossible to end up in the red.
Being a good investor takes skill. The vast majority of people who come from these schools couldn't get funded, and most still fail.
The majority of investors even in this boom also failed.
My meta point is that we seem to be losing nuance on both sides, and that is coming through on many of the messages here.