Infinite Loops

Podcast Notes Key Takeaways

• “We are deterministic thinkers living in a probabilistic world, hilarity or tragedy often ensue”– Jim O’Shaughnessy
  • Many of 10-K Diver’sTwitter threads point out the faults in deterministic thinking by analyzing mathematics and using first principles thinking to study financial concepts
  • We often ask the wrong questions – this thread is a great example
• Studying history can save you from FOMO investing
  • In the 1900s, there were 200 car manufacturers. Obviously, only a few survived. Knowing this context can help you slow down your decision-making before rushing into the next hyped tech stock.
• Always work through the numbers before ever opening your mouth
  • If you think you know something, write it out. You’ll more often than not realize that you’re not prepared to speak about it yet.
  • Intuitions can lead you astray from the truth and even your actual opinion on something
• 10-K Diver thinks Warren Buffett’s and Charlie Munger’s buy-and-hold philosophies get overgeneralized, leading to misconceptions about their actual investment strategies

Read the full notes @ podcastnotes.org

As Chamath Palihapitiya put it back in April 2021, 10-K Diver is “one of the best fintwit accounts on Twitter.” 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads.

You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/

Show Notes:

• Curating aggressively
  
• Is there a long term plan?
  
• Reasoning from the first principles
  
• Volatility tax
  
• Do markets have a memory?
  
• Financial Independence, Retire Early (FIRE)
  
• Mental models for investing
  
• Premeditating
  
• Jim’s GIF game
  
• Is it a Lindy or a turkey?
  
• The ‘Money Concepts’ show
  
• Benefits and pitfalls of leverage
  
• What’s next for the 10-K diver?
  

Books Mentioned:

• Reminiscences of a Stock Operator; by Edwin Lefèvre
  
• Happy; by Derren Brown