Hey there investing family!

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Last days of Q3 are upon us - Here's what's interesting...

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→ Lessons from 15 years in finance.

→ TikTok takes aim at Amazon.

→ Supposedly becoming wealthy is simple.

→ Instacart IPO wrecks early investors.

→ Deals Corner.

→ A subscription management tool, microdosing, and more...

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Let's go...

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There's always a hidden rationale for seemingly illogical market swings.

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Successfully diversifying is something of an art form of blending alpha, beta, and balancing risks in perfect harmony.

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While more academic finance is more about avoiding false positives, the real-world scenario is balancing your gains, losses, and your own psychology.

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Here are a few examples of the headers to get an idea of the content:

• No pain, no premium.
• Under uncertainty, “halvsies” can be an optimal decision.
• Cheap beta is worth just as much as equally diversifying, expensive alpha.
• If you diversify away all the risk, you shouldn’t expect any reward.
• and many more...

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→ Read this excellent post: 15 Ideas, Frameworks, and Lessons from 15 Years​​

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🗞️ BUSINESS & FINANCEY STUFF

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🤑 Declining personal saving rate is not necessarily a sign of financial trouble. Historically, as net worth rises, saving rates tend to fall.

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🤑 When to chase bubbles, and when to not. It may work in some asset classes, but for venture capital... maybe not so. A lesson from Instacart.

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🤑 TikTok is coming at Amazon haaaarrrd. Ahead of peak shopping times, they're subsidizing massive discounts - win for the consumer, bad for Amazon.

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🤑 From real estate to the S&P 500, on average, how long will it take to double your money?

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🤑 After successfully tackling inflation, now there are signs of an upcoming recession. The article claims that with government handouts going away, more borrowing, and job market wonkiness, the Fed needs to switch gears. (non-paywall version)

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🤑 Do you have enough F-you money? A talk from the Archives with JL Collins...

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🤑 Almost 16% of home deals fell apart in August. Prices are still high, but once they saw the mortgage rates in print, buyers hit the brakes.

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🤑 AirBnb has a person in charge of protecting your investment property against habitual partiers. Kinda like Minority Report, she's stopping parties before they begin, so far a 55% drop in complaints from hosts/owners.

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🤑 There was a time when investing in the markets was for a small group of elites. Just 4% of the US population in the early 50s. The IRA changed all that in the 80s - so we can't accurately make comparisons to markets past.​

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More Newsletters that Don't Suck...

The GirdleyWorld Newsletter - if you don't know who Michael Girdley is, you definitely should! The Flyover – Flyover Their Bias, Arrive At Your News.The Average Joe - the IKEA instructions for investing — short, simple and concise. Just four emails per week (Tuesday-Friday) filled with market trends, news and all that jazz.

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Would having a capital partner help?

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They contribute capital, give advice, or help with growth when asked... but stay out of the way the rest of the time.

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Silent partners there to help when necessary, nothing more.

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If interested 👉 go say hi!​

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🖥️ The Extras

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♦︎ Popular ecom email platform Klaviyo is now public. Breaking my brain that an EMAIL platform is now valued at $9B+ 😬

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♦︎ Team-building with hallucinogens. Things are going to get freaky. Microdosing at work is growing in popularity. ​Pitched as a productivity enhancer, BYOM Friday's might become a thing.

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♦︎ Seems weird to pay $1000+ for a phone and yet it's Apple's most affordable iPhone since 2007.

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♦︎ Where has this been all my life? My subscriptions are out of control, I don't even remember half the time, I forget to cancel an annual membership, blah blah blah - ScribeUp is a subscriptions management tool. It pays, it reminds, it cancels - awesome.

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🤝 DEAL CORNER

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MEMBERS ONLY👇

Not a member? Fix that and join the waitlist here.​

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Get on the list now and lock in at the current prices. The private membership community is set for a yuuuge change - AND we'll finally be open to new members for the first time in a looong time! Come rub virtual shoulders with the best!

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If you're not a member click the link above☝️and get on the waitlist now, as we'll be opening to new members within a few weeks! If you're on the waitlist already - keep an eye on your inbox!

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Great chats and threads from the Discord you may have missed…

• Bill kicks off a great convo about taking advantage of foreclosures​
• New NBA-focused deal posted in PE channel​
• An eye opening way to look at what realtors add in the way of value (or not).
• Great RE conversation continues on Rob's 1031 plans.
• Matthew drops in a nice way to earn on your stablecoins rn.
• Sam shares his experience and thoughts on companies investing into Ai and LLM.
• Richard shares his thoughts on latest newsletter trends.
• Rob in with a sweet ChatGPT prompt.

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In the forum...

• The Marketplace is updated every week with new curated online business acquisition deals - Saas, Websites, Apps, Agencies, & Ecom businesses.
• Periodically Travis will host a guest in a 'Fireside' chat - Members can access recordings of all our Fireside Chats anytime here.​

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Interested in sponsoring our newsletter?

You'll find all the details here.​

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Disclaimer: Not financial, investing or tax advice. This newsletter is strictly for information, entertainment and education purposes. Nothing in here is investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your professional advisors. Do your own research. There will also be affiliate links in here from time to time because we like free money.