Ross Stevens recently released his latest investor letter. A must read for Bitcoiners and really anybody interested in understanding the mindset and thought process of one of the smartest investors in the world. Here are Ten Lessons, you can take away from it:
1. Embrace Challenges with a Positive Mindset
Reframe challenges from I have to do this, to I get to do this.
2. Success and Failure are Lagging Indicators.
“Nothing we’ve achieved this year is because of this year”
3. Comfort in Simplicity.
That’s all that you do? Yes.
4. Diversification Beyond Correlation.
"The very largest numbers, when multiplied by even a single zero, all end up in the same place."
5. #Bitcoin is not risky. Fiat is risky
"In a world of State money increasingly debased, censored, and surveilled, bitcoin represents optimism, fairness, justice, truth, and beauty. "
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10. All You Have To Do Is Dedicate Your Life To It.
And how lucky you are. You get to do it.