Empire Podcast

I like crypto & Harry Potter⚡️ | Sometimes write http://obviously.substack.com | Casts not investment advice

In the 10 years of mistakes ep:

@santiagoroel "You have got to do the work and constantly reunderwrite. SO many people don't want to do the work."

also @santiagoroel "I lik Bonk wif hat"🫠 

What is this "work" exactly? 😄

I'm here for the lols so don't take me seriously. I enjoyed the past reflection in the episode.

The meme coin thesis seems to be the opposite of independent thinking and the "work" is mostly step 3:
  1. Check its not a rug, 
  2. Check ecosystem, distribution, & "memetic value",
  3. Pray it catches a bid with retail

Independent thinking. Whatever that is for you. It’s highly subjective. But develop a thesis of why you believe in project x, do multiple scenario analysis, key assumptions, risks, unknowns, info or things that would make you materially change your thesis etc etc

I found the episode entertaining but a bit scattered and incohesive...I'm an investor not a trader....but I have lots of wif...silly not to sell btc and eth ...but I don't want to sell my wif????     I get that that the thesis hasn't changed but don't get caught when the hat comes off the dog.

Personally I like the, "buy enough of X token to get you interested, then do a deep dive and see if your original thesis makes sense or not".

Currently going through this with Akash...keeping my mind very flexible.