Social Media Spotlight: 12/9/21

Happy Thursday!

Welcome back to another edition of Social Media Spotlight - where I share the posts, tweets, and hot takes that really caught my attention this week.

As a reminder - inclusions of Social Media Spotlights don’t necessarily receive my full ‘endorsement’ or complete analytical agreement. We are simply sharing information that hopefully aid your journey as a business person, market reader, and investor.

Let’s jump in!

Topics include:

• Crypto / Web 3.0

• Self-employment

• Volatility

• Economic updates / foreign affairs

Crypto / Web 3.0:

It cannot be overstated how awesome this is. Schmidt was the CEO of Google from 2001-2011, Executive Chairman of Google from 2011-2015, Executive Chairman of Alphabet from 2015-2017, and Technical Advisor at Alphabet from 2017-2020. Hot damn.

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If you were unaware, some execs of the crypto industry testified before Congress yesterday - Wednesday, Dec 8th. The hybrid session was titled “Digital Assets and the Future of Finance.” By and large, it seemed more like an AP Calculus classroom session given for middle schoolers that hardly understand Geometry. We’ll see what comes as a result.

Witnesses:

• Brian Brooks - CEO of Bitfury (speaking above)

• Jeremy Allaire - CEO of Circle

• Alesia Haas - CFO of Coinbase

• Sam Bankman-Fried - CEO of FTX

• Chad Cascarilla - CEO of Paxos

• Denelle Dixon - CEO of Stellar Development Foundation

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Self-Employment:

Creative Juice is a company I use / am invested into because they allow creators to be paid up front for their endeavors. The company’s Co-Founder and CEO, Sima Gandhi, is the former Head of Business Development & Strategy at Plaid and is building something extremely special. If you have any friends or family in the creator space, no matter the following size, check them out.

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My good friend, Vanader, makes incredible content for business owners and entrepreneurs. Here’s one of my favorite posts; talking about how to approach small businesses from an accounting / tax perspective.

Volatility:

No need to break down each of these posts, but I want to be very clear - volatility has arrived in full force. When this happens, everyone thinks they’re the expert and knows what’s to come.

Don’t believe that the hedge fund guy on CNBC is 100% correct. Don’t believe that a highly-analytical tweet with a blue checkmark is 100% correct. Do what I do and reassess your exposure / risk tolerance on a consistent basis.

The fact of the matter is that the market could take a tumble on any given day. However, I think it’s more likely to steadily fight through the volatility and reach new highs - at least in the short term. The next section shows why people are so willing to pour their hard-earned money into the stock market - our runaway train of inflation.

Inflation:

While it’s obvious that more left-leaning policies vs. right-leaning ones have led to inflationary effects, you’re blind if you think it’s just one team’s fault. I am not bullish on the US Dollar.

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Foreign Affairs:

Investors may not necessarily forget that international relations can deeply impact the market, but they absolutely become numb to it. This is your friendly reminder to always be aware of what’s going on in the world and recognize the reality that a less peaceful world can often correlate with a less peaceful market.

Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.