Reading up on investing

I made a live stock market bubble detector that shows bubble indicators updated multiple times per day https://levels.io/bubble-detector

@levelsio

Supabase has raised $500M at a $10B valuation In this round we are giving @supabase employees the opportunity to cash out 25% of their vested options. We have done this in every round since inception. We do it as a “cashless transaction” so that employees don’t need to front any cash to exercise their options. This is the friendliest way we could design it until we can offer RSUs. On top of that, we give employees a 10 year exercise window: whether they stay or leave the company. The typical/default window is 3 months. IMO, equity is earned and employees shouldn't be penalized because they don't have the cash to exercise within 3 months of leaving a job (often that's the time they need the cash/certainty the most).

@kiwicopple

I'm a financial planner that works with the wealthiest 1% of people in their 30s and 40s I wish everyone understood these 10 critical lessons about finance:

@TKopelman

Exact same with IBKR 😂

@levelsio

I have a friend with a $50M stock portfolio. I’m jealous of him. We’ve had roughly the same time horizon. He put his energy into picking stocks, I put mine into AppSumo and indexing on the side. His returns have absolutely crushed mine. Not even close. And every time we talk about it, the same thing happens. I get this itch. Maybe I should make some trades. Maybe I should pick a few names and try to catch up. Nothing crazy, just some moves to juice my returns. Then I actually asked him how he does it. • He calls employees of the companies he’s looking at. • He sits through earnings calls. • He uses the products at a depth most people never bother with. It’s not “read a Substack and buy the ticker.” It’s a job he treats like a job. That’s when it clicked. He’s a professional. I’m a hobbyist. And the reason my hobby trades would lose to his professional ones isn’t IQ or luck. It’s reps and time. He’s putting in the work I’m not putting in. The same is true in reverse. He could spend a year trying to compete with what we’ve built at AppSumo and he’d likely lose. Not because he’s not smart. Because I’ve spent 15 years in this seat and he hasn’t. The lesson I keep coming back to: everyone has some alpha. A thing where they’ve actually earned the edge. The trap is when you start looking sideways at someone else’s alpha and try to half-ass your way into it. That’s not investing. That’s distraction. You can be a professional stock picker and still suck. You can be a professional founder and still fail. But you have zero shot as a hobbyist trying to beat a professional at their own game. If you’re not the professional, hire one. Or just ask the people who are. Most of them will tell you exactly what they’re doing if you actually ask. Copy from the best instead of guessing on your own. So I’m back to indexing and chilling on the stock side. And spending the real reps where I actually have alpha. Running AppSumo.

@noahkagan

As a millionaire, I don't invest in the S&P 500 because… The richest people in America do the opposite. When I worked at JP Morgan… I saw exactly how the top 1% manage their money. Here’s what they do (& how you can too):

@benkellyone

YouTube: https://youtu.be/cWntNpgDCZk?si=Q8o4KwAn1PSgqFRD Spotify: https://open.spotify.com/episode/7y4nuzFt25nVC4MQMR4aKo?si=cad59429de3540a9 Apple Podcasts: https://podcasts.apple.com/us/podcast/howard-marks-79-years-of-investing-wisdom-in-55-minutes/id1469759170?i=1000723091838

@myfirstmilpod

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@brewmarkets