Bitcoin and other crypto-related assets have been declining over the first two weeks of 2022. The Wall Street Journal attributes bitcoin’s recent move to the overall decline in the stock market and negative investor sentiment regarding potential Federal Reserve policy actions later
The Futility of Hatred
“Always give your best, never get discouraged, never be petty; always remember, others may hate you, but those who hate you don’t win unless you hate them, and then you destroy yourself.” — Richard Nixon’s farewell address to White House
The Revolution That Wasn’t
History does not repeat exactly, but it sometimes does rhyme. Those of us who recall the dot com bubble and the years leading up to the global financial crisis of 2008-09 often look at the crazy things that have been
Cultivating Habits in Good Soil
“The chains of habit are too light to be felt until they are too heavy to be broken.” — Bertrand Russell One of the ironies of life is that many bad habits provide immediate rewards while negative consequences are concealed
Reward and Punishment Superresponse Tendency
“Never, ever, think about something else when you should be thinking about the power of incentives.” — Charlie Munger The power of incentives is obvious. Even small children will modify their behavior in response to incentives set by their parents.