Hey fam.

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Up this week:

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→ A legend lost.

→ The habits of high achievers.

→ Real estate vs private lending

→ Scenarios of having 100% stocks.

→ New awesome text-to-video tool & more.

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Let's go...

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99 years of wisdom.

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A philosopher in a business suit.

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Direct, with a quick wit.

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His sharp, often humorous commentary on life, economics, and investing left an indelible mark on generations of investors and thinkers.

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The irreplaceable and unforgettable sidekick.

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"The Abominable No-Man."

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Charles T. Munger.

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Nassim Nicholas Taleb @nntaleb RIP, Charlie Munger One of the last authentics. WSJ, Mark Spitznagel, founder, Universa Investments: "Munger was a guiding light that taught a generation (or two, or three) of investors, including me, how to think—what to focus on, what not to focus on, the importance of mental… https://twitter.com/i/web/status/1729885963319714025 10:32 PM • Nov 29, 2023 925 Retweets 7081 Likes Read 77 replies

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George Mack @george__mack My favorite Charlie Munger story: In 1953, Munger was 29 years old. Recently divorced. Lost the house. Huge social stigma of divorce back then. His 8-year-old son, Teddy, was diagnosed with cancer. The leukemia was incurable. No medical insurance - Munger paid for all… https://twitter.com/i/web/status/1729803481349750899 5:4 PM • Nov 29, 2023 5576 Retweets 27792 Likes Read 432 replies

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☝️what else is left to say?

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→ READ: Final Thoughts From Charlie Munger on Apple, Warren Buffett, and the Big Costco Error​​

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QUALITY READS

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🤑 Feeding conversion insights back into your marketing efforts can lead to lower acquisition costs and higher customer engagement, a game-changer for small businesses.

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🤑 The number of BTC on exchanges is at a five-year low - BIG shift in investor behavior (and confidence?) from regulatory pressures. Is this giving insight into the evolving trading and ownership landscape?

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🤑 Strategies for tax-smart funding, rebalancing your portfolio, and understanding the potential shifts in tech stock dominance. Some sage advice here for optimizing your portfolio for the upcoming year. (non-paywall version)

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🤑 Microsoft's CEO navigated the OpenAi bullsh*t like a pro. Here's how he turned a chaotic situation into a leadership masterclass, focusing on people and mission over strategy, providing a lesson for all leaders in maintaining calm and control.

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🤑 Hold up if you're going all-in on stocks. The U.S. stock market has dazzled with its epic performance, but a deeper dive into global market data paints a more cautious picture. There's a significant chance of underwhelming returns even over 30 years. Not to beat a dead horse, but diversification could be your best strategy for long-term financial security.

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🤑 Achieve more, do less. 14 simple yet powerful habits that successful high achievers use to get sh*t done and work fewer hours. Micro-wins, prioritizing rest, delegating effectively, to name a few.

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🤑 The classic elements of fairytales can help craft effective, better understood strategic planning. Narratives work better with our brains for dealing with business challenges, marketing, and growth.

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🤑 Super interesting personal account of major economic events like the Japanese deflation saga, the dot com burst, and Enron to look at how these have reshaped short selling strategies.

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🤑 Real estate or private lending, which one makes sense right now? Compounding returns, the flexibility of more liquid capital, and wealth accumulation without the hassles of being a landlord - yes please.

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The Extras

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​→ Great H10 pod on new things happening at Amazon for ecom sellers. Ai, video, fake review spotting, etc. Apple / Spotify​

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→ Small Business Trends has a new ChatGPT tool to bump your biz's holiday social media game.

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→ Openrep.ai Always interested to see what kind of quality these generate over the long term. Features look very cool, but $$.

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→ Really cool stuff from Pika Labs - this text-to video/image-to-video is insane...

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DEALS

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⚪️ MEMBERS ONLY ⚪️

Not a member? Apply here.​

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The private community is Snowball! And we'd love for you to join us!

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(Here is the announcement if you missed it.)​

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**Invite links are rolling out now! Watch for your email!​**

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

• A powerful quote from Paul Graham.
• Roast this ETF portfolio.​
• Vince looking for recommendations for a graphic designer.​
• ​Podcasts or Audio Books? Discuss.
• Dustin looking to up his lighting game to beat winter blahs and get better sleep.
• ​Taylor drops in a very intriguing thought of intelligence being too cheap to meter - READ!
• Matthew with a opportunity to register for KYC compliant L2 open to a small number at the moment.
• Ben with a WIN and Juliet with a LOSS to discuss in the #WinsandLosses chat

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In Snowball...

• The Resources section is full of awesome stuff and constantly updated.
• Just added: A MONSTER reading list, and recommended Youtube channels.
• Every week you'll find new curated online business acquisition deals - Saas, Websites, Apps, Agencies, & Ecom businesses. As well as...
  • ​Real Estate deals
  • ​Start Ups​
  • ​General investment opportunities
• Periodically Travis will host a guest in a 'Fireside' chat - Members can access recordings of all our Fireside Chats anytime here.​
• You'll also find group deals for software and other membership and subscriptions.

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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.