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Threadguy explains why the GoPro stock halt is exactly why cryptocurrency wins "People are asking why they can't buy GoPro anymore. That's called a halt, for the next 30 minutes you're not allowed to trade. If that radicalizes you and you think that's bullshit, let me introduce you to... something called the blockchain. When an asset is on the blockchain they can't halt it. They can block the front end, they can take Hyperliquid down, they can ban Metamask, but the asset exists on a public immutable ledger for everybody to see and transact with, and unless the electrical grid goes down you can trade it." "So if that radicalizes you and you just bought a stock for the first time and it was GoPro and you should be up a lot but you can't sell because they halted it, let me introduce you to cryptocurrency brother. Welcome to the rest of your fucking life."show more

Kai

9,983 subscribers

44,668 views • 14 days ago •via X (Twitter)

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6 Comments

miscbrah314 days ago

You guys remember what robinhood did with GME?

D.I.G 🧙‍♂️14 days ago

Welcome to the rest of your fucking life is gold

Faded | Clipur.com14 days ago

Banger clip

Devin NFT Hunter14 days ago

the blockchain never halts. gopro holders just found out the hard way lol

Educational Pasha14 days ago

getting halted the moment you actually wanna sell is a pretty good crypto ad

Kai14 days ago

FT @notthreadguy @counterpartytv

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Peter Lynch, the man who turned $20 million into $14 billion running Fidelity's Magellan Fund, averaging 29.2% annual returns for 13 straight years (Save this). And his most famous lesson is the simplest one: "Know what you own, and know why you own it." He's talking about something that happens every day, people spend hours researching which refrigerator to buy. They'll spend days hunting for the best airfare deal to save $50 then they'll hear a stock tip on the bus and drop $10,000 on it without a second thought. "The reason I own this is the sucker is going up" Lynch said that's the actual answer he gets when he presses most investors on why they own a stock and that, he says, is not a reason. His test is brutal and simple, if you can't explain to a 10 year old in two minutes or less why you own a stock, you shouldn't own it because if you don't understand the business, you have no idea when to hold, when to add, or when to sell. You're just riding price movement blind. This is why most retail investors lose money not because they pick bad stocks but because they panic out of good ones during normal volatility. When you don't understand why you own something, every 10% dip feels like a reason to sell. Lynch built his entire career on the opposite approach, find simple businesses, understand exactly what they do, know why they'll be worth more in five years, and hold with conviction while everyone else panics. The most important thing isn't your stock screener or your price target but rather being able to look at what you own and say, I understand this, I know why it goes up, and I can handle it going down 30% without losing my mind.

Peter Lynch, the man who turned $20 million into $14 billion running Fidelity's Magellan Fund, averaging 29.2% annual returns for 13 straight years (Save this). And his most famous lesson is the simplest one: "Know what you own, and know why you own it." He's talking about something that happens every day, people spend hours researching which refrigerator to buy. They'll spend days hunting for the best airfare deal to save $50 then they'll hear a stock tip on the bus and drop $10,000 on it without a second thought. "The reason I own this is the sucker is going up" Lynch said that's the actual answer he gets when he presses most investors on why they own a stock and that, he says, is not a reason. His test is brutal and simple, if you can't explain to a 10 year old in two minutes or less why you own a stock, you shouldn't own it because if you don't understand the business, you have no idea when to hold, when to add, or when to sell. You're just riding price movement blind. This is why most retail investors lose money not because they pick bad stocks but because they panic out of good ones during normal volatility. When you don't understand why you own something, every 10% dip feels like a reason to sell. Lynch built his entire career on the opposite approach, find simple businesses, understand exactly what they do, know why they'll be worth more in five years, and hold with conviction while everyone else panics. The most important thing isn't your stock screener or your price target but rather being able to look at what you own and say, I understand this, I know why it goes up, and I can handle it going down 30% without losing my mind.

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"So the easiest thing that I want everyone listening [to do], whether you have one follower or a hundred followers, is to reject inclusive language. Every time media, social media, Hollywood, any of these legacy, left-wing legacy media, when they tell you you can't say something, that is your sign to say that. Whatever they say you can't say, say more of it. Whatever they say you can't bring that up, bring that up more. What you cannot do is to acquiesce. Because once they can control your thoughts, they can control your words and they control your words. They control your habits and your character. And if you're sick of all the things that you're seeing, it starts with you. It starts with your mind. And that's the best advice I can give because that's training your mind to make courage a habit. Reject inclusive language, guard your empathy. And when you do that and you say what they say you can't say or shouldn't say, and you say it anyway, then you've trained your brain to make courage a habit. Once you take that path you will never go back, meaning that if you make courage a habit and you start speaking truth and you start going, I don't care what anybody calls me, call me a racist bigot. It means nothing to me. You might as well say I have like three eyes. It doesn't mean anything to me. If you get to that point, then you'll never go back to self-silencing yourself. If you can overcome that then you're you're on your way to helping make it make a change in this country." Alvin Lui of Courage Is A Habit 💪 🔗

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Asmongold warns against treating political opponents as good faith actors "I've said it a million times and I'll say it a million more. These people don't have any values. They just simply have goals." "If you treat them as people with values and you capitulate to having a moral or ethical understanding with them, the only reason they want that is so they can take advantage of you. It's so they can subvert you or use that value against you." "To the extent that you find yourself on the same side as them, you should be asking yourself why. You can never have shared values with these people. If it was up to them, you'd be in jail."

Asmongold warns against treating political opponents as good faith actors "I've said it a million times and I'll say it a million more. These people don't have any values. They just simply have goals." "If you treat them as people with values and you capitulate to having a moral or ethical understanding with them, the only reason they want that is so they can take advantage of you. It's so they can subvert you or use that value against you." "To the extent that you find yourself on the same side as them, you should be asking yourself why. You can never have shared values with these people. If it was up to them, you'd be in jail."

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17,340 views • 1 month ago

Jordan Peterson on how to know who your real friends are: 1. Here's the weird test most people miss: you can tell them good news and they'll actually help you celebrate. that sounds easy. it isn't. tell most people something good happened to you and they give you a little whack, then start talking about the great thing that happened to them three years ago. or worse, the great thing that happened to someone they know. 2. the good ones let you have your win. that's rarer than you think. some people, you're almost afraid to admit something good happened, because the second you let it be known, they'll try to take it away. 3. the other test is bad news. you can tell them and they'll just listen. they won't tell you why you're stupid, why it's your fault, why something worse happened to them once. they don't derail the whole thing. they just listen. 4. hanging around people who pull you down is attractive, and that's the trap. you don't have to take any responsibility. you can all whine together about how wretched life is. no accountability, no effort. feels good short term. it's a terrible long term plan. 5. so surround yourself with people who want the best for the best part of you. and if someone won't move toward anything better, keeps doing the same damn things, going nowhere, you have both the right and the responsibility to walk. putting up with it isn't kindness. that's enabling. you're giving it your tacit approval.

Jordan Peterson on how to know who your real friends are: 1. Here's the weird test most people miss: you can tell them good news and they'll actually help you celebrate. that sounds easy. it isn't. tell most people something good happened to you and they give you a little whack, then start talking about the great thing that happened to them three years ago. or worse, the great thing that happened to someone they know. 2. the good ones let you have your win. that's rarer than you think. some people, you're almost afraid to admit something good happened, because the second you let it be known, they'll try to take it away. 3. the other test is bad news. you can tell them and they'll just listen. they won't tell you why you're stupid, why it's your fault, why something worse happened to them once. they don't derail the whole thing. they just listen. 4. hanging around people who pull you down is attractive, and that's the trap. you don't have to take any responsibility. you can all whine together about how wretched life is. no accountability, no effort. feels good short term. it's a terrible long term plan. 5. so surround yourself with people who want the best for the best part of you. and if someone won't move toward anything better, keeps doing the same damn things, going nowhere, you have both the right and the responsibility to walk. putting up with it isn't kindness. that's enabling. you're giving it your tacit approval.

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104,266 views • 2 months ago