Happy Friday everyone!
Here’s a breakdown of my best insights, tools & strategies for the week.
The best investment strategy for the last decade was to buy bitcoin and go on vacation.
Forget suits, tall office towers, fancy Powerpoints, and all of that. It was this PDF and a mailing list that created the fastest trillion-dollar asset in all of human history.
That’s why I spend most of my time today focusing on:
understanding what’s on the edge of innovation and finding the best ways to invest
Number 1 is achieved with careful curation of resources, content and connections.
Number 2 is achieved with emotional control & understanding the mind.
Understanding the mind is a fascinating rabbit-hole. In December, I committed to reading a lot more philosophy this year. To that end, I added 3 books on stoicism to my library this week:
And to stay on the edge of innovation, I’m doubling down on understanding longevity.
I recently joined the first-ever OnDeck Longevity Biotech Fellowship - meant to connect founders and investors who want to accelerate anti-aging technologies.
Eliminating the ultimate scarcity - time - by extending lifespans is one the biggest opportunities of our lifetime.
I’m going to progressively increase my capital allocation to longevity technologies over the next 18-24 months.
I’m not alone. The founder of Ethereum just donated $335 million to longevity research, and many prominent crypto people are joining him.
I expect the largest companies in 10 years could come from biotech. We are still very early, but as I start making investments, I will let you know and show you how you can get in on the action.
Best quote I came across this week:
This is why I take such an interest in the future.
As investors and entrepreneurs, if we want outsized returns - and more fun and optimistic lives - we need to look forward and embrace change.
The best investment of the last decade was bitcoin - digital gold. Not old gold.
Converging technologies in energy storage, robotics, AI, blockchain and DNA sequencing will put more companies out of business, faster than ever before.
Like my bank. Look at what they sent me this week:
They’re changing their logo!
There’s an entire financial revolution going on under their eyes using the most powerful technology ever invented by humans - and what they chose to tell customers is that they’ve got a new logo!
I’m out of words.
Transportation, energy, communications, financial services, retail - all of it is going to be massively disrupted. It will be like Kodak on steroids.
Look at what’s happening with cars.
100 years ago, it took exactly 13 years for the car industry to wipe out a thousand-year old horse industry, despite needing to build roads & gas stations.
And more recently, it took Uber just 7 years to go from 0 bookings to more bookings than the entire US taxi industry.
And now, owning a car makes less and less sense.
You don’t need it to get a date (thank you, Tinder), go to the movies (Netflix), go to the restaurant (Uber Eats), get your groceries (every-grocery-delivery), go to work (Zoom, Teams), etc.
And if you’re thinking “but I love to drive” - tastes and preferences change in a heartbeat.
I don’t see many horse die-hards around anymore.
Now, what happens when robotaxis make individual car ownership totally irrelevant?
It will have profound implications on the way we live our lives.
And this is true of so many disruptive technologies.
What happens to governments when money is issued by decentralized algorithms?
What happens to society when healthy lifespans are extended to 200 years?
Only time will tell.
And if you’re wondering “that will never happen because what are we going to do with all the cars/office real estate/banks/railways/parking/taxis/[insert outdated technology]?”
Well - what did we do with all those horses 100 years ago?
We ate them.