1 Health, 2 Wealth, 3 Wise - Smarter Decisions & Lessons from History

Lessons from history, smarter decisions, network effects, Charlie Munger, Ray Dalio, SalesForce + Slack

A weekly newsletter bringing you 1 on Health, 2 on Wealth and 3 on Wisdom. Curating best of the week so that you don’ that have to & help leading better meaningful lives. 

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1 on Health 🏃🏻‍♀️🏃🏼‍♂️ - Learning Through Play

  1. Learning Through Play - Play is an essential way of learning about the world. Doing things we enjoy without a goal in mind leads us to find new information, better understand our own capabilities, and find unexpected beauty around us. Arithmetic is one example of an area we can explore through play

2 on WEALTH - Creating Network Effects, Charlie Munger’s Core Ideas

  1. How to create network effects - Great thread

  1. Charlie Munger USC Law Commencement Speech - May 2007 - Never gets old - because hasn’t died yet

3 on WISDOM - Lessons from History, Smarter Decisions

  1. The Big Lessons From History - An important lesson from history is that big events are more complicated than we make them out to be – and the bigger the event, the more complexity. It makes forecasting hard, politics nasty, and learning specific lessons from big events harder than we’d like to think. The same story, again and again.

“Satisfaction is always available. It is just not always looked for. If, when you enter any experience, you enter with curiosity, respect and interest you will emerge enriched and with awareness you have been enriched. Awareness of enrichment is what satisfaction is.”  - Ann Hastings

  1. The Purpose of Writing - Great article by Limitless here

  2. How to Make Smart Decisions Without Getting Lucky

"Every skill you have today was once unknown to you. The human brain is a learning machine. Stick with it." - James Clear

TOP 5 IMPORTANT & DEVELOPING STORIES

  1. Bitcoin Can Rival the Dollar as a Reserve Currency Implies $7 Trillion CEO - Billionaire Laurence Fink (pictured), the CEO of BlackRock

  2. Delving into the Six Stages of the Internal Cycle with a Particular Focus on the US Now by Ray Dalio. This entire series by Ray is amazing, especially in light of falling USD. Historically these 100 year events happen gradually and then suddenly. We are bearish of USD from there as there are consequences of unlimited printing. There is no free lunch. Captured here by Ray again - The Archetypical Cycle of Internal Order and Disorder

  3. Salesforce buying Slack? According to the WSJ, there were talks to buy earlier this year. Salesforce already bought Quip, which is documents with chat added, so there'd be a symmetry in it also owning Slack, which is chat with documents added

  4. How hedge fund traders known as the SPAC Mafia are driving an $80 billion investment boom with a no-lose trade The SPAC boom of 2020 is probably the biggest Wall Street story of the year, but almost no one has noticed the quiet force driving this speculative bubble: a couple dozen obscure hedge funds like Polar Asset Management and Davidson Kempner, known by insiders as the “SPAC Mafia.”

  5. Top 10 Emerging Technologies of 2020 - 1. MICRONEEDLES COULD ENABLE PAINLESS INJECTIONS AND BLOOD DRAWS 2. SUN-POWERED CHEMISTRY CAN TURN CARBON DIOXIDE INTO COMMON MATERIALS 3. VIRTUAL PATIENTS COULD REVOLUTIONIZE MEDICINE 4. SPATIAL COMPUTING COULD BE THE NEXT BIG THING 5. DIGITAL MEDICINE CAN DIAGNOSE AND TREAT WHAT AILS YOU 6. ELECTRIC AVIATION COULD BE CLOSER THAN YOU THINK 7. LOW-CARBON CEMENT CAN HELP COMBAT CLIMATE CHANGE 8. QUANTUM SENSORS COULD LET AUTONOMOUS CARS ‘SEE’ AROUND CORNERS 9. GREEN HYDROGEN COULD FILL BIG GAPS IN RENEWABLE ENERGY 10. WHOLE-GENOME SYNTHESIS WILL TRANSFORM CELL ENGINEERING

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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. This post is for reference only. It will not help you to “lambo” or “moon” or any other euphemism for unhinged speculation. It should help you to supplement your own analysis of the markets. Enjoy.