May my conscience be pure, my exterior modest, my conversation edifying, and my life well-ordered.
Joined April 2020
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“Illiquidity induces appropriate, long-term behavior. Rather than relying on liquid markets to trade out of mistakes, investors in illiquid securities enter into long-term arrangements, purchasing part ownership in a business with which they have to live. As a consequence, increased care, thoroughness, and discipline represent hallmarks of successful investors in less liquid assets.”
—David Swensen, Pioneering Portfolio Management
You need to be drinking more interesting varietals, anon.
Carignane. Nerello Mascalese. Zibibbo. Falanghina. Soave. Stuff you couldn’t pronounce until AI taught you.
Reminder that civilization is must-iron, anon. It’s manners and appearances and artificialities with a too-thin layer of organic integrity underneath it all.
“Children, there’s this thing called civilization. It’s built of hopes and dreams. It’s only an idea. It’s not real. It’s artificial. No one ever said it was real. It’s not natural. No one ever said it was natural. It’s built by the learning process; by trial and error. It breaks easily. No one said it couldn’t fall to bits. And no one ever said it would last for ever.”
—Graham Swift, Waterland
It turns out AI (@grok, looking at you) hallucinated some stuff, making our funnel significantly narrower on a couple key items, but since discovering this he has been making surprise in-person visits to give people our pitch
>Call something Simple Agreement for Future Equity
>Revise it every three months and prepare a 33-page user guide to help folx understand it
That’s okay, I’ll still keep using that garbage
Classist Claude summarizing a hypothetical private securities offering: “Rule 506(c) is still available, but it requires verifying that every purchaser is accredited, which likely excludes the yoga instructor.”
