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I poured my heart and soul into this essay. Give it a read.
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Felipe Montealegre
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Young people saving for homes should have access to specific indices (eg Austin Home Index). This is the correct exposure for them (not VOO). This would be a two sided marketplace as developers / home owners can use these indices to hedge. Why doesn't this exist?
The VC model (invest in 100 companies and have 1 return the fund) is driven in part by power law dynamics and in part by the arbitrary exit requirements of our financial system. You can't IPO a $500M company so venture doesn't want to fund a $5M company with a $500M ceiling.
mental model of the day - tocqueville's rising expectations
revolts start when things improve and then stall, not at rock bottom
eg
french revolution
arab spring
CT angriest at btc ath while alts lag
Complete list of 700 MMs: latticeworkofmentalmodels.com
revolts start when things improve and then stall, not at rock bottom
eg
french revolution
arab spring
CT angriest at btc ath while alts lag
Complete list of 700 MMs: latticeworkofmentalmodels.com
Mundell's Trilemma
you can't have a peg, free capital, and an independent central bank because free capital means either exchange rate moves or you force the central banks hand
Hong Kong: peg + open capital → no rate freedom
US: free capital + fed autonomy → floating dollarView quoted post on X
I work with most of the MetaDAO teams closely and everyone that I work with is both high quality and high integrity.
The permissioned launches are all top decile in the industry. These teams have self selected to build in public at risk of liquidation. Do you know them well?
The permissioned launches are all top decile in the industry. These teams have self selected to build in public at risk of liquidation. Do you know them well?
MetaDAO suffers from the same problem that has plagued all crypto exchanges, launchpads, accelerators and even research houses for the past 3-4 years.View quoted post on X
teams aren't high integrity / high quality -> no one is buying -> coins aren't going up
This is a negative flywheel.
And the only way out is for operators to grind wins, investors to handpick and size into limited opportunities, and surely the market will deliver.
