Shot Caller
The only thing that changed my DNA was discipline. - David Goggins
Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit. -
Speak with integrity. Say only what you mean. Use the power of your word in the direction of truth and love. - Don Miguel Ruiz
Nothing to sell here on this blogspot.
No Leadership or Motivational Podcast Dogma -
FINRA / SEC clarified there is no going back. Building one’s own Capital rapidly often requires a catalyst, an inflection point or paradigm change.
Financial Leverage can be achieved thru many strategies but ours is centered around secondary market precious metals companies under extreme duress. The most cyclical & volatile of markets offers options contrast in themselves with less duration / time decay risks [balance sheet] > due diligence.
In a past life I was chosen to be a captain of a few different teams with mixed success. Accepted leadership as a plebe when attending the U.S. Naval Academy.
When you are the slowest guy on the team a final option was crease defense where the rubber meets the road. Seeking a durable competitive advantage a natural understanding of where the ‘puck’ was going and some assertive skills greatly aided my short USNA LAX career.
Questioned the asset management industry and failed after a good 12 year run. Not seeing the obvious changes in the resource markets was clouded by personal emotions not cleansed.
These learning processes were critical to build where mind & philosophy are today.
Thematic Statement:
Managing one’s own book > Skin in the Game. No interest in ‘calling shots’ -
Current Macro Market Capitalizations
$95 T Global Equity
$113 T Bond
$13 T of all gold mined in history [very small fraction of this gold free for sale]
As we hit $4-5K gold you may see some of the upper middle class realize there are few assets with no counterparty risks. What a few who understand now the rest will start to recognize > all your financial assets [CD’s, stocks] are being systematically devalued relative to the price of gold.
Law of the Merchant > Turn all your assets into debt to be paid to financiers in Europe.
Most younger people I meet today conceptualizing the world think linearly without considering alternative industries, nation states or cultures.
The bull market in screen watching may be a very, very tactically sound psyOp.
2017-2020 appeared to be the Golden Years here in California >
Ubiquitous Capital available for numerous digital / virtual businesses while ‘real estate’ prices soared facilitated by record years of virtually no costs of capital [zero rate policy > force].
Younger people were letting us know we should ‘have fun staying poor’ while a favored philosophical podcast seemed to no longer look at commodities suggesting ‘Bitcoin was better than gold.’
As I learned to promote and identify value with real capital or skin in the game my knowledge of the battlefield expanded.
The 2022 WSJ Article on gold’s underperformance was nearly ringing the bell.
Virtually Nobody makes anything here in SoCal with few appreciating systems engineering. Seeing the massive storm beneath the surface is difficult.
______________Lacrosse is the oldest team sport in North America with the sport documented back to the early 17th century. Originated among various Native communities, with regional variations on how the game was played, lacrosse was played throughout modern Canada, but was most popular around the Great Lakes, Mid-Atlantic seaboard, and American South. Traditional lacrosse games were sometimes semi-major events that could last several days. As many as 100 to 1,000 men from opposing villages or tribes would participate. [1]
Games of lacrosse were played for a number of reasons. It was considered a sport that toughened up young warriors for war but it was also a game played for recreation and for religious reasons. It was not unusual for bets to be placed on the outcome of games.
French Jesuit missionaries working in the St. Lawrence Valley in the 1630s were the first Europeans to see lacrosse being played by the Native American Indians. One of them, Jean de Brébeuf, wrote about the game being played by the Huron Indians in 1636 and it was he who the named the game “lacrosse”. [2]
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