Simply More of Everything.

More new highs for Bitcoin & gas prices, more accusers for Cuomo, and more debt spending than we've ever seen.

Mar 14, 2021

Happy Sovereign Sunday! Heavy travel week here so an abridged letter today. Back next week in full swing.

This week was typified by a continuation of the trends we’ve seen. In other words, simply “more”. More debt and deficit spending above anything we’ve ever seen in history, more inflation, more dollars to fill up your tank, more new highs for Bitcoin, more accusers for Cuomo, more time with a sitting President refusing to answer a single question from the press, more kids in cages, more unprecedented surge of migrants across the border, and more mixed messages from authoritarian ‘leaders’ and ‘experts’ about what we’re allowed to do (if and only if, we behave).

Joe Biden told Americans with a straight face that after even after most Americans have been vaccinated, even after 30+ million people have recovered with antibodies and even with a virus with a 99.9% survival rate, that "If we do our part... by July 4, there's a good chance you, your families, and friends will be able to get together in your backyard or in your neighborhood and have a cookout or a barbecue and celebrate Independence Day... Small groups will be able to get together."

I hate to break it to you Joe, but most Americans spent last July 4th celebrating with their family and friends, and will certainly do the same again this year whether hacks like him and Fauci approve or not.

My friend Buck Sexton summed it up best, “‘Obey all my commands and maybe I’ll give you permission to enjoy time with your family again some day’ is among the most obscene and totalitarian lunacy spewed by an American President in living memory.”

As we ‘celebrate’ the one year anniversary of ‘flatten the curve’, make sure you take a moment to remember that the government derives from the consent of the governed, and that almost none of the most dramatic and severe reactions to the ‘pandemic’ were advisable or necessary. Ignore the so-called experts, live your life and tune out the noise.

I celebrated the one year anniversary of ‘two weeks to flatten the curve’ by taking my 24th flight of the past year to meet a dozen of my college friends in Florida for an extended weekend of sun, fun, golf and reminiscing. No masks (literal or figurative), no social distancing, and no expectations that tomorrow is promised to any of us. Just a band of brothers tied together by 32 years of friendship and counting.

Remember, we all go out at the end. Let’s make sure we fill the ‘in-between’ with love, laughter and meaningful contribution and conversations. Keep training and refuse to buy into the madness.

What I’m Reading…

*Bari Weiss on the top 1%’s private schooling and the miseducation of America’s elites.

*Yuval Harris’ take on 2020. He’s a darling of the left for his globalist tendencies, but does a great job at putting together the big picture here.

*Tim Ferris on how non-profits and drug development can coexist with innovative business models. As an investor and believer in the space, this is an important look at how the fate of IP may determine the fate of the space.

*15-year amazon addict now surviving without two-day delivery. Amazon’s predatory business practices (ripping off other small companies products) and marketing techniques are finally driving some users away. I’ll continue to #BetOnMainStreet.

*Texas Governor Greg Abbott deploys National Guard with air, ground and marine forces to prevent Mexican drug smuggling and the unprecedented surge of migrants.

*Great letter from Norwegian multinational Aker explaining why they are the first Scandinavian corporate to go deep in Bitcoin. Good background and history on the value proposition that is BTC.

*Taibbi on Martin Gurri's "The Revolt of the Public", the book that called both the populist uprising and subsequent reaction.

*Rhodey - a real life militarist iron man suit is on it’s way.

*If you’ve heard about SPACs but aren’t quite sure what they are or how they work, here’s a good primer.

*RIP to an epic adventurer. We need more of this frontier spirit in our country. It seems to be dying off with each generation.

*Older but still valuable : One success can outweigh 100,000 failures. Venture capitalist Paul Graham of Y Combinator has described this as Black Swan Farming