I started equity investing when I was 17. And it seemed to make sense. I rode a couple of bull markets and didn’t get too trashed by crashes.

But since 2020, and my orange-pilling in 2022 by @jackspirko, the equity markets started to be really confusing. To be fair, I wasn’t watching too close from 2016-2020. I was busy.

On The Bitcoin Layer, Saylor rips into “the 24 Risks of Equities”, and I realize that I just know more now, and I’m confused b/c it’s confusing.

Wait till the end for his analysis on the past 25 years of carnage at Disney, a “successful” company.