
Redphone
@redphone
287 Following
994 Followers
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1/ I didn’t claw my way out of poverty and debt because I found peace.
I got out because I was f*cking angry.
I was angry I'd let it happen to myself, angry I went to bed hungry, angry everyone seemed to have things I didn't, angry others learned about finance when they were young, angry banks got bailouts and used them as bonuses for CEOs, angry I didn't have healthcare…
I chewed stale bread for dinner (rationing my butter). And there were all these smiling people everywhere I looked. They had shiny yoga pants, drank $9 yerba mates, ate fish, traveled, guzzled wine, and dallied.
I knew they weren’t any smarter than me (a lot didn’t seem to have a single original thought in their heads).
So what were they doing that I wasn’t?
The world of money was draped in gauze. It was a game, and I didn’t have the rulesheet. 🧵 5 replies
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If I had to name one trait of great long-term investors, it wouldn’t be conviction, it’d be openness.
The ability to absorb new ideas, see them without bias, and imagine how they might reshape the world.
Ironically, the longer you’re in the game, the harder that gets.
You’ve seen so many startups fail, you start saying things like, “Google tried that in 2019,” or “nobody wants that.”
It’s always easy to spot why something might fail.
Much harder to imagine how it might work.
But that’s what buyers do... they buy into possibility.
Every buy pushes price, draws attention, fuels curiosity, attracts partners, builds brand, brings users…
Belief compounds.
And to benefit from that compounding, you have to believe early... before the herd, and before the headlines.
That’s why I like buying things that piss people off.
Anger often hints at innovation. Some old wound is getting poked. Some comfortable assumption is being shattered.
If you’re not buying when the naysayers r loudest... 2 replies
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It’s easy to imagine the end of the world (mass unemployment, war, caste systems, starvation, Terminators)
Much harder to imagine the miracle:
1. We are birthing gods
2. AI-powered robots could produce limitless food, water, and shelter (the foundations of life) for every human being
3. Medicine will leap forward: longer lifespans, extended healthspans... maybe even the end of aging itself
4. Distributed, open-source AI will develop in parallel with closed systems, ensuring that frontier technology isn’t locked behind elite walls
5. Universal Basic Income feels inevitable (and will soon dominate global politics)
6. If UBI is inevitable, then we are standing on the threshold of history’s most profound shift: when work becomes optional
7. A few generations from now, people may look back at our "jobs" the way we look at child labor or debtor’s prisons: as a grim necessity of a more primitive age
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