|
Brick by brick…28all. Eya. *PB, WS, JD* The Warm-Up: “When you kill time, remember that it has no resurrection.” ~A.W. Tozer The Core: “It’s like a 5-lane highway going in and goat trail coming out.” ~Kyle Bass [on equities liquidity] “Everything needs a hard reset. Nothing feels like it’s about love, art, fun or anything anymore. Everything about numbers, clicks and views.” ~@YoungCorey “The best friendships involve sharing thought-provoking ideas and making each other’s lives better, not just chilling, not just rambling with no purpose.” ~Orange Book “Progress without purpose is empty. Achievement without impact is fleeting. Success is most rewarding when it serves the people and principles that matter to you.” ~Adam Grant “Your ability to let go of grudges is not a weakness; it takes courage to open up spaces of forgiveness for those that have let you down or hurt you. You value feeding your peace more than you value feeding your ego, there’s something extremely beautiful about that.” ~Billy Chapata “Most of the good things in life are marathons, the result of tiny gains compounded over many, many iterations. Very few have an app or training plan to keep you on track, or a black-and-white deliverable that comes with a medal when you reach the finish line. This is what makes these other ‘marathons’ so hard to achieve.” ~Carl Cervone, Running the wrong marathon “When you are managing risk in a portfolio, you always have to remember that there is a possibility of a catastrophic outcome. Markets are prone to extremes, both up and down. In good times, we all operate under the assumption that liquidity is a constant, and that if a position is wrong, you can expeditiously exit it with only minimal damage. I learned the hard way that in a market meltdown, not only does liquidity evaporate, but prices can fall so steeply that all decisions have the potential for serious adverse consequences.” ~Barton Biggs “People usually think that progress consists in the increase of knowledge, in the improvement of life, but that isn’t so. Progress consists only in the greater clarification of answers to the basic questions of life. The truth is always accessible to a man...because a man’s soul is a divine spark, the truth itself. It’s only a matter of removing from this divine spark, everything that obscures it. Progress consists, not in the increase of truth, but in freeing it from its wrappings. The truth is obtained like gold, not by letting it grow bigger, but by washing off from it everything that isn’t gold.” ~Leo Tolstoy (@_nitch) “Everyone filters what they say for reasons that range from social norms to embarrassment to the inability to articulate how they feel. Everything you know about people – everything everyone knows about people – comes from what someone was willing to say, or write down, or that was observed in action. What percentage of what goes through people’s heads falls into one of those categories? It has to be way less than 1%. If you could actually see what people were thinking – not just saying, but thinking – you’d find that the world is 100x wilder and more diverse than you assumed.” ~Morgan Housel, Information That Would Get Your Attention Last Set: “Don’t let… *Doubt replace intuition. *Comparison replace authenticity. *Hustle culture replace your pace. *Perfectionism replace consistency. *Conformity replace your rarity. Approval replace your worth. Chaos replace clarity…Fitting in was never part of the plan.” ~Matt Gottesman Food For Thought: “History knows three things: 1) What’s been photographed, 2) what someone wrote down or recorded, 3) words spoken by people who historians and journalists wanted to interview and who agreed to be interviewed. What percentage of everything important that’s ever happened falls into one of those three? No one knows. But it’s tiny. And all three suffer from misinterpretation, incompleteness, embellishment, lying, and selective memories. We have so much information, and we know so much about the world. But no matter how much we ever know it will always be dwarfed by what we’re blind to.” ~Morgan Housel, Information That Would Get Your Attention Food For Thought II: “Buffalo has Josh Allen, who is one of the greatest quarterbacks to ever grace the earth, and it just doesn’t matter at all because the greatest quarterback is his contemporary. Josh Allen and Patrick Mahomes are not equals. Mahomes is better—just by a little bit, but that little bit is more than enough. So history will remember the six straight AFC championship games that Mahomes has attended and forget the few plays that kept a few of those games from Allen’s grasp. Should I write about Allen’s heroics? About a 60-plus-yard detonation that hit Stefon Diggs in both hands; a third-and-goal cross-body dot to Khalil Shakir on the front pylon; a rushing touchdown, and then another? Allen, careless with the football all season, had no turnovers in his two postseason games. He had four touchdowns against the Steelers and three more against the Chiefs. He didn’t even take a sack against Kansas City. The Bills punted twice. But what is there to say about Allen’s heroics that hasn’t already been said in seasons past? I remember the will of Allen in the 42-36 loss to Kansas City: the 75-yard touchdown to Gabriel Davis to end the third quarter; the fourth-and-13 touchdown to pull ahead with two minutes remaining. I remember 47 points against New England in the 2021 wild-card round; a 52-yard touchdown run against the Steelers last week. I can’t forget the great Allen plays; nobody can. But Mahomes’s highlights serve as bookmarks in the story of his career—they’re tethered not just to a place and a time, but to a moment, an event, a victory. Allen’s highlights are ghosts, ephemera. They are lost to the gales of a bombarded franchise, swallowed up by the shadow of an unforgiving scoreboard. They matter so much—they’re the only things that hope clings to in Buffalo—but they don’t matter at all.” ~Ben Solak, The Hot Read, Divisional Round: The Eternal Agony of the Buffalo Bills
|
