“and how much is left on the car?”
“17 thousand”
“and you rent?”
“i do”
“and any other debt”
“um a 6 thousand dollar personal loan from my brother”
“mmmkay, and what kind of assets are we working with”
“well $18 in checking and $1.4 million in fartcoin last I checked”
Kalshi CEO Tarek Mansour: “The core unlock that could happen with prediction markets is if you forecast the future better, you are pricing risk.”
“If you can price risk, then you can make better decisions about the risk.”
“And then also you can transfer it, you can hedge. And I think that's where the market really, really becomes very, very large.”
Source: @mansourtarek_ (CEO @Kalshi) with @MollySOShea on @sourceryvc
found our dream house
gonna buy it
but have to capitulate the rest of the WIF here to make it work
fitting for me to go out as verifiably the worst short term PA trader in CT history
hope it goes to $100 without me but gotta change your life and all that
🫡
sure maybe we’re going into recession, but elon has saved almost $1,800 on under utilized microsoft office subscriptions so hard to say it hasn’t been worth it
1) I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days
And I can confirm that being unemployed is a lot less relaxing than it looks
sold 1/4 of my WIF bag at ~$2.95 avg for $1.65 million
rolled it all into SOL, where it’ll stay for now
was ~85% of my net worth and couldn’t tolerate another 40% drawdown without selling some
hanging on to as much as I can for as long as I can tolerate
Four truths about tariffs:
1. Tariffs don't cause inflation.
2. Tariffs lead to lower prices for American consumers.
3. Tariffs create American jobs.
4. Tariffs lead to lower income taxes.
I'll prove each one of these statements in my letter to investors on Monday morning.
Make sure you are subscribed to read it: pompletter.com
you could have secured generational wealth for your children’s children, but instead you thought androo tete was funnier than jeo boden so now your family will starve
longs liquidated:
“make sure to check in on your friends and do what you can to pick everyone up the next few days. it’s brutal out there, be kind and look out for each other”
shorts liquidated:
“get fucked you worthless losers, I hope your family starves”
my son is sick with a bad cold and has been up all night crying/in pain
it’s really tough to see
it’s stuff like this that makes you realize that the only thing in life that really matters is whether you’re making enough money trading
they’re just grabbing some liquidity before it goes higher jerry
what does that mean ‘grabbing some liquidity’
the market makers, they sweep the available liquidity
you don’t even know what that means ‘liquidity’
no, but they do. and they’re the ones using the liquidity
if you’re not married yet and you got wiped out yesterday tell your girl
if she says anything other than “well i’m sure you’ll make it back” break up immediately and move on
I will sell 90% of my bags too early and be happy with that
I will gamble so recklessly with the remaining 10% that it will go to zero or 100x
best of both worlds
no worries man he just needs to cut your 401 k by 30% and make sure you lose your job, but the trade deficit with Canada is gonna be down like 12% and you can refinance your 3% mortgage at 4.5% if you want
telling a bored ape who just got phished that you’re sorry but he has to change his pfp cause he doesn’t own that ape anymore is the only CT bit in history that got an audible laugh out of me 100% of the time
chamath is such a great reminder that no matter how much of a vapid loser you might be, you can make a billion dollars in this country if you’re just in the right place at the right time
fading popcat at $3 million is my biggest fumble ever
had a $10k buy order setup on jupiter about to hit swap and I balked
lesson learned if you get a gut feel to buy something sub $10 million mcap just hit it
no idea when the cycle tops or how much higher we go or whatever, but think at this point it’s probably best to be taking money out of crypto rather than putting new money in
i’ve made a little money on AI coins but I really don’t understand how anyone builds conviction in these agents to hold for 100x+
don’t think this is my game
the memes made sense to me because being vapor was part of the pitch