Friday Finds 10

Good people help others with no concern for themselves. Smart people help others while also helping themselves. Evil people hurt others to help themselves. Dumb people hurt others and themselves. – Balaji Srinivasan

Chamath Palihaitiya and David Sacks gave a market commentary on thier All-In Podcast.

Chamath thinks that the S&P 500 could fall to as low as $3800. That's roughly 11% lower than it's current price, $4288. This means that growth stocks like Block, Teladoc, Tesla, Zoom, etc. could drop 15-25% from their current levels.

David Sacks thinks that we could already be close to the bottom of this market dip. It could be a good time to buy stocks.

I linked to the part where they talk about the market but I recommend the whole podcast.

Russell Brunson's Marketing Secrets trilogy are the 3 best business books I've ever read.

Read them in this order:

James Mullarney explains why you need to move your crypto to a wallet (not an exchange like Coinbase or FTX).

Dave Lee explains why the best investing strategy is to hold great companies for 5-10 years.

James Mullarney shows that the Bitcoin price is correlated to Metcalfe's law. That means that as the number of Bitcoin users increases, the bitcoin price goes up.

James Mullarney explains how to diversify and size positions in your investment portfolio.

Robert Breedlove and Balaji Srinivasan (former Coinbase CTO) talk about how there will be a digital version of every asset in the future. They will be transferable on digital wallets like Cash App or Phantom.

Search started with information (Google), then went to video (YouTube). In the future, we will be able to search for digital assets.