I Interrupt My Optimism With A Rant…Disruption Is A Myth

I love my job.

To be able to invest in people and products that could be used by millions of people is a thrill. Now, I get paid well too.

To do it in tradefi/fintech/financial services is very fulfilling because I love this domain that I will never master!

Back in the late 1990’s I was using Yahoo Finance, yelling at my TV (which was playing CNBC) and just trying to learn the language/skill of investing.

I read all the popular investing books, but there was little in the way of mentorship, especially for the instividual (retail) investor.

As web 2.0 came to life with YouTube and Twitter my big idea as an entrepreneur was to help people learn the language of money and finance and investing. I started my blog, Wallstrip and Stocktwits. We started Social Leverage and have invested in so many great founders/teams with amazing products to make it easier for people to invest, learn to invest, share ideas and communicate about investing.

But here we are in 2021 and I can’t believe my eyes.

CNBC is alive, Goldman Sachs and JP Morgan are bigger, meaner, financially stronger and greedier than ever. Wells Fargo is a criminal organization with a stagecoach as their logo and people still bank there.

But…BITCOIN!?!?!

Sure Bitcoin is cool but Warren Buffett thinks it is rat poison and his stock just hit an all-time high…TODAY (note to self…tomorrow go to Dairy Queen, See’s Candy and a Wells Fargo ATM).

Serenity now!

Here’s the thing…

Disruption is a myth. Don’t give me Tesla because Ford is doing just fine.

But it helps to innovate in areas where you believe incumbents can be disrupted. As an example I give you the Grayscale Bitcoin Trust:

Also…

Do. Not. Take. Myself.Too. Seriously.

Enjoy the ride.