"You go to the supermarket and steak's on sale, you think: this is great. And in investing, the price of something goes down, you ask yourself: well, what's wrong?" @LawrenceLepard on the one market where people hate a discount — and how the great investors exploit exactly that: "This is how Warren Buffett and other great investors have beaten the markets. They're willing to understand what something is fundamentally worth. And when it becomes cheap relative to what it's fundamentally worth, they buy it." His yardstick for Bitcoin is the power law model — "96% correlation with the data since the time Bitcoin was launched" — which currently puts the median value around $134,000, against a market price near $58,000. And the sizing rule he gives friends: "buy a number that if it goes down 50%, rather than freaking out and saying I made a mistake, you'll think to yourself: no, this was on sale. I want to buy some more." Translation: the discipline isn't predicting the bottom. It's having a model of worth before the discount shows up — because without one, every sale looks like something's wrong, and every rally looks like proof. His model, his numbers, his call.

"I like to play sports and go to the club and hang out with my friends and drink wine. I'm not trying to sit here and analyze every report and look at the chart 24/7." @CryptoHayes has made some of the biggest macro calls in crypto. Founder of BitMEX, one of the most-read voices in the space, and a trader who built his reputation on liquidity-driven bets. So how does he do it without burning out? By not living in front of the screen. His whole approach is built on patience and asymmetry: wait for the rare setup where the odds shift massively in your favor, place the bet, and then go live your life. You don't need to watch the chart every minute. You need to be right at the moments that matter. "If you got 2008 right and you killed it, you could have gotten every single next investment wrong. But you're still rich. And there's many people like that." One big call can define a career. The rest is just noise. Full episode on New Era Finance 🎙️

"ETH is the fucking Microsoft operating system in crypto that the financial system will use." Raoul Pal on why Ethereum isn't weak - it's misunderstood. The price action looks brutal. Sentiment is broken. But Raoul argues most investors are missing where ETH actually sits in the cycle. "This is the broadest density of talent. It has been battle tested longer than any other smart contract platform." Full episode with @RaoulGMI of @RealVision on New Era Finance 🎙️