So this is also another big idea, don’t pollute your digital life.

So what this means is, we talked about looting the environment, but honestly, this is me coming as a Boy Scouts Eagle Scout, the planet and the environment will be fine. There are too many of these weird planetary environmental doomsday cults, all being big rolled by the same James Cameron, Arnold Schwarzenegger backed vegan pea protein powder factory somewhere, making a 1000% profit off of your line of unindependent thinking.

If in fact anything… I’m starting to think, perhaps college does the opposite of what we think it should do; it actually does not foster independent thinking. Because the truth is if you look at academia critically, they all followed the same similar same same group think agenda. The same thing goes with your let’s go Brandon truck club, your lift lifted Jeep or Tacoma trucks with don’t tread on me stickers, in the left the middle the independent, even a lot of the libertarian’s all think the same.

The very very simple way to see if somebody isn’t an independent thinker or not, do they have Instagram and or TikTok or not?

Trust only people who are not on Instagram.

digital pollution

So this is a big thought, assuming that man is Apex of everything, certainly to prioritize the well-being of man woman child society species is best and most prudent.

It is always a bad idea to prioritize some sort of fake notion of trees and the whales over man.

So what is digital pollution? Digital pollution is like almost 100% of social media. I would actually say it is 100% social media. If you totally disconnected from social media 100%, there would literally be no downside. Even and especially if you are an investor, because, the truth is, a true investor has at least a 10 to 30 year time horizon, the typical meme trader online has a horizon of 3 to 6 minutes.

How not to lose your money

I think the first thing that we learn and investing is to just not lose your money. That is, to hedge tail risk events, black swans, even maybe the wise ideas engineer your financial life and structure it to even survive 90% draw down?

So the reason why a lot of the used investing strategies tend to be risky is that, if you hedge leverage too much, you’re over leverage without having enough collateral, you literally get wiped out. That you could see your hundred million dollar investment go down to zero dollars.

It’s interesting cause I came across this idea of being like some sort of risk mitigation expert via Jeff Walton. It seems kind of interesting because for the most part it seems like kind of a fake title but the same time… My definition of risk is anything that has a chance of going down to zero. 

ERIC KIM was an investor all along?

Something that people don’t know about me is that I’ve actually been trading stocks since I was like a kid, first in my computer class on a Mac computer, Mr. Drapkins class, fifth grade, at PS 169 in Bayside Queens New York.

Then, in middle school, doing my first investment of like my life-saving of $800, I think I invested like $600 into Adobe, because I pirated Adobe Photoshop and I knew it was important, and aggressive mutual funds because I heard of it. And I was very very happy by the time that I went to college, it grew to about $1500.

I’ve always had this idea of financial independence ever since I was like a sophomore or junior in school. When I was a kid growing up, the word entrepreneur did not exist yet it was all about being self-employed and being your own boss. This seemed very very appealing to me, and I did everything in my power to do so. I cooked up all these strategies to even one day, earned $100 an hour, work for just like a few hours a day, or one day a week and not have to work the rest of the week.

Another thing, I’ve always had it in my blood to be intelligent and also, knowing the real cost of things? I’ll give you example, the first car I’ve ever bought with my own money, was $1000, a 1991 Sentra XE four-door sedan, five speed manual transmission, I think it only had 100,000 miles on it, only manual, it did not even have a tachometer. I essentially learned how to drive the car and to shift based on the sound of the engine.

And actually, even at the ripe age of 37, and quite wealthy, I have never spent more than $2500 USD on a car. The last time I spent that much money on a car was in college, when I bought my beloved 1990 Mazda Miata, I think it had like 200,000 miles on it, it was stick shift only, no air-conditioning, no power steering, red. Convertible.

Even the Prius Lamborghini I drive right now ,,, I got it for the best price of all time, free 99. I hand you down from my sister-in-law, I just paid the $2500 to get the new catalytic converter and shield . And a new ABS system