Joined August 2011
Nirav Murthy ⛺ retweeted
being married is funny because you'll be chilling, having a bowl of cereal, and your wife will say i hate these bowls, don't you? and you'll shrug becuase you don't care and she'll say i do, they've bothered me for a while now. we need new bowls. and you'll shrug again because you have honestly, not once, ever considered the bowls at all then a few days later there will be all new bowls in the kitchen. and you'll be eating the same cereal in a different bowl, chilling, and she'll say i love these new bowls and you'll shrug again because you still don't care but she's happier and the cereal is still good and you didn't do anything at all
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Nirav Murthy ⛺ retweeted
Ran the numbers on a $500K house at 6.75%. Live there 7 years, then sell. -Monthly payment: $2,594 -Total payments: $217,929 -Interest paid: $181,079 -Principal paid down: $36,850 Seven years of payments and you own $36,850 more of the house than you did on day one. Add property taxes, insurance, maintenance, closing costs and the 6% to sell it, and roughly $355K is gone for good. You walk away with about $215K of equity, most of it your own down payment plus appreciation. Now the other path. Rent at $2,900/mo (rising 3%/yr) for the same 7 years: about $268K gone. Take the $100K down payment and put it in the S&P 500 instead. Using the actual last 7 calendar years of returns, including the -18% year in 2022, that $100K is sitting at roughly $305K. $305K in a brokerage account vs $215K in a house. And the renter spent $87K less getting there. Before anyone yells: the last 7 years were one of the strongest stretches in market history. Run it on the 2000s and the house wins. This is a backtest, not a forecast, and past returns don't promise anything. But "renting is throwing money away" is a bumper sticker, not a spreadsheet. Run yours before you sign.
If “renting is a scam” please let me know your thoughts on the following: - Median duration of homeownership is 12 years (many homeowners spend most of their ownership paying mostly interest each payment) - Many overlook maintenance costs, property taxes, and transaction costs - Home equity is usually not as asset funding retirement (outside of downsizing, borrowing against, or becoming a renter) - When excluding home equity, the median homeowner STILL has significantly more wealth than a renter
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Nirav Murthy ⛺ retweeted
This 50-minute lecture by Jeff Bezos will teach you more about business than a 2-year MBA program. Bookmark it and give it 50 minutes today, no matter what.
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Nirav Murthy ⛺ retweeted
All you had to do to make life changing wealth was to invest in ~every public company along the 237
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Nirav Murthy ⛺ retweeted
Bill Ackman literally gave a 44-minute masterclass that explains money better than any business school.
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Nirav Murthy ⛺ retweeted
Arsenal
@ArsenalMay 19
The Arsenal. Your Premier League champions.
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Nirav Murthy ⛺ retweeted
Jane Street pays $650,000+ a year for quants who understand this math of systematic trading. UC Berkeley just put the exact same knowledge for free in 1 hour. Bookmark & watch it today, no matter what. Then read the complete blueprint below.
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Nirav Murthy ⛺ retweeted
"so you staked your ETH on the Ethereum blockchain to earn yield?" "yes, Dave" "except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?" "that's correct, Dave" "and Lido gave you a liquid staking receipt token called stETH in return?" "yes, Dave" "and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?" "you are correct, Dave" "and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?" "you got it, Dave" "and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry" "you are 100% correct, dave" jfc.
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Nirav Murthy ⛺ retweeted
Jamie Dimon when asked about Erebor 👀
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Raiders DE Maxx Crosby just teased a new song and mentioned buying a new house in the Bay Area 👀 “What can I say, the boy get paid, brand new crib in the Bay. We done touched down in the Bay like Steph and Klay”
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Nirav Murthy ⛺ retweeted
GTE is the world’s fastest blockchain and decentralized exchange. It’s colocated with the world’s centers of price discovery to give you the best prices and deepest liquidity when trading perps. Tokyo for crypto. New Jersey for equities. Chicago for commodities. Fully decentralized. Fully non-custodial. Fully verifiable. Purpose built for you. The team comes from Palantir, Jump, Meta, Citadel, Bridgewater, Layer Zero, and more. Team members include the inventor of Facebook’s photo and video storage technique, low level C++ optimizers at HFTs and more. GTE raised a $15m series A from Paradigm in May. Other investors include trading firms, DeFi angels, and more top-tier folks. GTE is coming to private mainnet very soon. We think you’re going to love it.
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Nirav Murthy ⛺ retweeted
Spent 3+ years building NFT ticketing. It doesn’t fucking work. We’re selling to Ticketmaster. At Breakpoint, we make it official.
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Nirav Murthy ⛺ retweeted
Expect there will be >50 announcements like this in the next 15 months
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Nirav Murthy ⛺ retweeted
have to agree with @johnsummit here - AI raises the floor, not the ceiling. it automates the generic and forces a recalibration. when there's infinite output, the only real edge is taste, vision, and lived experience the noise gets louder, but so does the signal: intentionality, emotional clarity, risk-taking let AI handle the mediocre because the artists who evolve and double down on originality will define the next era
ai music really just raises the bar in the grand scheme of things. bring on the competition it’s up to us artists to rise above it and not make records with lazy songwriting & production
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Nirav Murthy ⛺ retweeted
ai music really just raises the bar in the grand scheme of things. bring on the competition it’s up to us artists to rise above it and not make records with lazy songwriting & production
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Nirav Murthy ⛺ retweeted
made this list a while ago so just waiting for the right price: - mag7: greatest businesses in the history of businesses - tsmc, asml: ai monopolies - axp, v, ma, mco, spgi, race, rms: classic buffett-munger "wonderful businesses" - baba, tcehy: chinese bigtech + ai play - defi blue chips: revenue meta - coin, hood: "banks" for young gen - ubtech, xpeng, unitree: robotics all these i can hold for a 5-10yrs u r welcome
so what's on everyone's bear market shopping list stocks & crypto allowed
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Baby Sticky gonna need therapy after this one.
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Nirav Murthy ⛺ retweeted
1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer. What is ADL? How does it work? And why does it exist?
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Nirav Murthy ⛺ retweeted
I warned you that no Altseason is coming soon. Altcoin MCap excluding stables was still trading below its 2021 ATH, and I hope you listened. Yesterday we saw one of the biggest leverage wipeouts ever in alts. Altcoin MCap excluding stables dropped nearly 40% and is now recovering. In the coming days/weeks, you'll get your chance to buy the dips and then the real Altseason will start.
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