Ep 43. An ode to squirrels
MmeJalo
Description
What’s your favorite animal? For a long time I really didn’t have one. When asked, I’d sometimes pick a random African animal or something philosophical to try and impress whoever I was with. Ugh. Thankfully I’ve passed that stage. Lately, I’ve been watching squirrels. I see them everywhere from our backyard to the parks when I’m out cycling. Beyond their cute fluffy tails, squirrels just always seem happy, energetic and playful. They seemingly bound from tree to tree without losing enthusiasm. Have you ever seen a sad or moody squirrel 🐿 ?<br/><br/>Crypto prices crashed this week. How did you fare? I hope you channeled your inner squirrel. I’ve been zen. My approach is to devise a strategy then automate execution over the long-term. If prices continue to slide then there might be some very attractive opportunities. Are you ready? What projects are on your shopping list? Remember, Uncle Warren Buffett said “be fearful when others are greedy and be greedy when others are fearful”.<br/><br/>Crypto shopping list🛒<br/><br/>One of my goals this year is to significantly expand my crypto portfolio beyond my bitcoin and ethereum base. I missed out on a TON of upside last year by playing it very safe and not executing on recommendations from my friends. If the crypto price slide extends there might be opportunities to pick up some coins at decent entry points.<br/><br/>I recently finished reading “The Psychology of Money” by Morgan Housel. It argues that we all make rationale financial decisions based on our background. The challenge is that we all have very different backgrounds, personalities and aspirations. For me, the most important thing is peace. A super aggressive strategy might give me amazing returns but it might cost me my sleep at night. That’s not a cost I'm willing to pay.<br/><br/>Additionally, we often only think about returns that we could have made but we discount the losses we could have incurred. Social media is a h
Creators
jeffreyLeaf
Creator