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What I'm watching... 👀

#Nasdaq stocks ( $QQQ ) in the US have absolutely crushed it relative to most other equities over the past five years, rising a whopping +158% in US dollar terms!

However, they have actually decreased -55% in real (neutral energy money) terms over that same time period.

Understand that how you measure your life is extremely important and relevant for a better future.

False weights, measures, and money--like government fiat currencies--give you a distorted and misleading picture.

#Bitcoin is better money for a better world.

₿lake 1y ago

Having the appropriate unit of account / understanding of the cost of capital (bitcoin) helps in a variety of ways. For example, we’ve compared every financial decision we’ve had to the opportunity cost of Bitcoin. This has forced us to be extremely judicious with our decisions, overall improving the quality of our allocations.

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Discussion

less 1y ago

Love to see it. 🤝

₿lake 1y ago

I would imagine there’s a similar forcing function for you as a Hedge Fund Manager. Most fund managers aim to outperform typical benchmarks like the S&P500, but you have the almost impossible task of trying to outperform Bitcoin.

less 1y ago

Increasingly, yes.