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transferring money

Cheapest Methods for Transferring/Exchanging Money Abroad

2019-02-26
On: February 26, 2019
In: Geoarbitrage, Money

In this post I will discuss and compare the options an expat or international nomad has at his/her disposal for transferring money across borders. As someone who just started living abroad or moving around, you may find things confusing and likely waste tens or hundreds of dollars on stupid bankRead More →

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chamathChamath Palihapitiya@chamath·
1 Feb

People want you to think that everything is always about left vs right.

Itโ€™s not. Itโ€™s about insiders vs outsiders.

โ€œWhat the insiders fear is not the end of democracy, but the end of their control over it...โ€ -@DavidSacks

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SovMillennialThe Sovereign Millennial ๐Ÿ“ˆ@SovMillennial·
1 Feb

Billionaire has spoken, buy #socks everyone. ๐Ÿงฆ

Seriously though, have cash ready and buy appreciating assets like #stocks and #bitcoin. In an infinite-money-printing environment like this, it's a race of beating inflation.

Remember, wealth is relative.

Mike Novogratz@novogratz

Most people I know in the equity markets are waiting to buy as soon as they think the deleveraging is over. The macro backdrop is still socks higher, assets higher. Tons of cash around and an economy that will explode in a good way once enough of us get jabbed.

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chamathChamath Palihapitiya@chamath·
31 Jan

This is how you entrench inequality:

We let the poor โ€œinvestโ€ in lottery tickets, sports gambling and casinos but not startups.

The first three are perennial losers. Startups have returned 15% over the past 50 years.

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