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‘It had been two–three weeks… and nobody had bought a policy.’ After getting the insurance licence, Varun Dua expected ACKO’s journey to finally begin. Instead, customers visited the website… and left. So he started calling friends: ‘Tum to le lo yaar.’ In this episode of Young Turks Reloaded, Dua...

17,413 просмотров • 4 месяцев назад •via X (Twitter)

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Warren Buffett on the single best thing an investor could have done in 1942: At a recent shareholder meeting, Buffett explains that he normally goes straight into questions and answers. But this time he opened differently, because he felt the usual format was teaching the wrong lesson. As he puts it, "all the questions would naturally tend toward current events." So he went back to 1942, the year he bought his first stock, to make a point about everything that has happened since. "We've had 14 presidents, seven Republicans, seven Democrats. We've had world wars. We had 911. We had the Cuban missile crisis. We have all kinds of things." His lesson? None of it should have changed what you did with your money. "The best single thing you could have done on March 11th, 1942 when I bought my first stock was just buy an index fund and never look at a headline, never think about stocks anymore. Just like you would do if you bought a farm. You just buy the farm and let the tenant farmer run it for you." Then he gives the number. Buffett describes putting $10,000 into an index fund that reinvested dividends, and he pauses to let the audience guess what it would be worth. The answer: "it would come to $51 million now." The only belief required back then was simple: "The only thing you had to really believe in then is that America would win the war and that America would progress as it has ever since 1776. And that American business, if America moved forward, American business would move forward." Notice what he says you did NOT need: "You didn't have to worry about what stock to buy. You didn't have to worry what day to get in and out. You didn't know the Federal Reserve would exist."

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RFK Jr. on psychedelics and how his son’s ayahuasca experience opened his mind to legalization “My inclination would be to make them available, at least in therapeutic settings and maybe more generally, but in ways that would discourage the corporate control and exploitation of it. My wife in 2012 took her own life… and one of [my kids] was worrying to me because he never processed his mom’s death in a way that I could observe. About five years ago… he went to Patagonia to kayak a white water river that I kayaked for many, many years… The night my son arrived there, the guy [he stayed with] said to him ‘I’m doing an ayahuasca trip tonight’… so my kid ended up doing this. After he drank the ayahuasca… he felt himself sinking through all the geological strata of the Earth, and he told me… he had a total understanding of all of the processes that had laid them out through the eons. He ended up being propelled out the other side of the Earth and then floating through space for what he experienced as hundreds of years. He would focus on a distant planet and be transported there, and on each planet he would have an adventure and at the end there would be a lesson that he was supposed to remember. The last planet he visited, his mother was there. And she started passing through him, in and out of him again and again and every time she did that, he felt all these experiences of forgiveness, of love, of understanding, of comprehension, of empathy and compassion. When he came back from that trip, he was completely changed. He was very open about talking about his feelings, [but] the reason I really know that it changed him is he started taking out the garbage and doing the dishes. I have a friend who’s a Navy SEAL who had severe PTSD and he went to Costa Rica and had the same kind of experience. I have a couple of other friends who are in the NFL and they also had severe brain injuries and depression, and the same thing happened. So, my mind is open to the idea that there may be things that I don’t know about and that people ought to have the freedom and liberty to experiment with these things.”

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345,980 просмотров • 2 лет назад