iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,083 Blog Posts

Do Nothing Friday: Eat a Sandwich

As a matter of fact, I don’t eat bread anymore. I don’t drink any form of alcohol, and I don’t eat sugary snacks. “The Fly” is now an austere man, circumventing life as a minimalist and lifting heavy objects at the gym daily — no longer partaking in unhealthy habits that are the root of ruin. I don’t spend money on things I don’t need and I rarely take outsized risks with my investments. My business, now being just the site and software, is run as a center of profit and not designed to burn cash in order to fuel growth in order to someday sell it to someone else. That sort of model is for someone else.

Everything I just mentioned about my person is the exact opposite of Fly from ten years ago, a person who spent ruinous amounts of dollars on luxury items, made outsized investments designed for clowns, and drank booze and indulged in sweets whenever the fuck he wanted to.

The longer you live the more you realize things. For many of you young punks, you probably have a father figure to teach you these things. I didn’t have any of that and had to learn thru the fires of error. If I could impart anything onto the next generation of investors, it is this.

Avoid the things that are common amongst failed people. While it might not happen to you on the scale that leads to ruin, it is unproductive and will not bring you happiness.

As for markets, nothing to see or do. I sold off some losers and have some cash to invest for next week.

As for the virus, I don’t what to think, other than wow.

HAGW.

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4 comments

  1. numbersgame

    Good changes… does this mean you are getting rid of that money-pit-on-wheels status symbol?

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  2. acehood

    Hopefully Jack bans the new ZH site. People can’t handle the truth.

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  3. heckler

    I’ve got a 20 year old Jeep XJ with like 175k miles. Been in the shop twice, and I do all the other work myself like a real man. Drive it all the time and it runs great. Dump the faggy Benz Fly I thought you were against elitism?

    What do other people drive? And has anyone ever tried Uber Eats?

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  4. mx2101

    I drive a 10 year old Toyota with 300K miles on it. Millennial passenger commented “my grandfather had a car like this before he died” Ouch.

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