spitting daily alpha
Denmark
Joined March 2021
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What
Crypto-backed mortgages have moved in.
Borrowers in the US can now use Bitcoin as collateral for a down payment - without having to sell it or face margin calls.
Plus, Coinbase One members can get up to $10,000 back at closing.
First crypto maxi. Then dollar maxi. Then gold maxi. What a time to be alive.
And all of this is happening as a result of observing the real economy. Study business cycles.
Zeberg is correct.
Boredom is not neutral. Left alone, it pushes you toward nihilism or toward deliberately restoring order. That is why we need serious hobbies. It is also why you must leave the house every day. Never intentionally trap yourself inside with nothing but your own head for company.
The book Atomic Habits provides a useful reminder: compounding small, consistent actions beats intensity that you cannot sustain. Most people overestimate what they can do in a week and underestimate what they can build in five years.
If you’re a young man with drive who wants to become the strongest financial version of yourself and avoid the expensive, predictable mistakes:
Do:
• Treat every unit of capital like a permanent soldier. Once it is earned and invested, its job is to stay in the field and compound. Losing soldiers for short-term emotional reasons is how the army stays small.
• Put the majority of surplus into assets that primarily expose you to market risk, not to your own impulses or to house-edge games. Market risk has historically compensated patience.
Unsystematic, self-inflicted risk usually does not.
• Build skills and credentials that still matter in ten and twenty years. Academic performance, quantitative ability, and the capacity to think clearly under complexity compound longer than most short-term hustles.
• Point your intensity at long-horizon games. High drive is a reserve of motivation. Used on the right targets it becomes an advantage. Used on the wrong ones it becomes a liability.
Don’t:
• Feed high-stimulation systems that have negative expected value. Crypto casinos, high-leverage gambling, and similar loops are engineered to extract. The short-term feedback feels like progress. The long-term math is ruin. Like I did.
• Try to make it back with the same mechanism that caused the loss. That impulse is the trap renewing itself. Recovery through ordinary income, savings rate, and time is slower and less dramatic, and it is the only version that actually works.
• Confuse cheap dopamine with actual progress. The feeling of action is not the same as the accumulation of irreversible advantages.
• Optimize for feeling ahead this month instead of being substantially further ahead in 10 to 15 years. Most destructive financial decisions come from compressing a long game into a short emotional window.
The difference is rarely raw motivation. Most driven young men have plenty of that. The difference is whether the motivation is aimed at processes with positive expected value over long periods, or at processes that feel intense right now and quietly destroy the base.
I learned this the expensive way. You do not have to.
