The joy of speculation:
The limits to money, the limits to wealth
So the first thing I find really interesting and fascinating is thinking about money, the limits of money, wealth, etc.
For example, Seneca once said, “Nobody ever thinks to themselves, what if I am already too rich?”
Simply put, my thought of the proper limit of money is once you have enough money to pay rent, utilities, and trips to Costco to buy meat, then, the positive utility of money diminishes. That is, sometimes having too much money is a positive destruction and burden; a lot of people who are too rich have issues diversifying and investing their money because they have no idea what to do with it.
A simple crypto hedge fund idea
If you want to invest in my fund, just shoot me an email at eric@erickim.com
So a very simple crypto hedge fund idea is this: 90% of your money in bitcoin, 10% and chain-link, or the opposite; 90% of your money and chain-link, and 10% of your assets in bitcoin.
The reason why I find this to be such an interesting and dynamic hedge, to quote TALEB is this –
How can you take a maximally risky and speculative bet, that is both “safe”, reducing risk, and also maximizing upside?
The first thought that Naseem Taleb had was never put more than 10% of your life savings into one single investment or acid. For example, I heated his words of wisdom, and when Cindy and I had around $250,000 of savings, I only put 10% of that into Digibyte and Bitcoin — around $22,000, I bought some bitcoin at $6000 a bitcoin, and I think I bought some digibyte at one cent or two cents a digibyte — and eventually I wrote it all the way up to around $250,000 worth of investments, one bitcoin hit an all-time high at around $60-$65,000 a bitcoin. I did some swapping here in there, consolidating my digit byte back into bitcoin, a good move, I speculated and played around a little bit with Dogecoin, wrote it up, eventually consolidated it back into bitcoin, etc.
More recently, I wired $125,000 back into my crypto account, and bought more bitcoin.
Why?
 People seem to hate the volatility of crypto, but I love it. Why? Perhaps for myself, I thrive off of high intensity, and adrenaline.
Also one of the upsides of growing up poor, seeing my mom go through bankruptcy twice is that actually… I have almost close to zero anxieties when it comes to money. I’ve lived super poor before, on the brink of being homeless, as a kid, and that is what naturalistically made me so stoic.
 the reason why I don’t trust or give any heed two people liked Tim Ferris or Tony Robbins is that it seems that once upon a time, both of them were super depressed, fat, losers, planning ways on how to commit suicide and kill themselves, and how to do it gracefully. I think it is very courageous that Tim Faris outlined the story of when he was an undergraduate at Princeton, he actually took out books to plan his own death, reading books on suicide and how to kill himself, and how to do it in a graceful manner, but fortunately somebody found out, had an intervention, unfortunately Tim didn’t do it. I don’t think anybody should ever commit suicide, under any costs.
Anyways, I think the reason why it matters is that when people try to commit suicide, or have been severely depressed in the past, in high school middle school college elementary school etc.… That trauma stays with them.
For myself I am a unique case; I experienced severe and potentially destroying trauma as a kid, for some reason, those experiences actually made me stronger. How and why?
First, think I was fortunate because of random life things. For example, a formative time in Bayside queens in a very safe community, hanging out with my friends Spencer, Aditya, Jonathan etc and living like free range kids, at the ripe age of 11 to 12 years old, and also some great mentors along the way, triple11 in Alameda California, my Boy Scouts troop leaders, my coach Greg Lowe who essentially became my Mr. Miyagi private tutor and father figure guide, who taught me life lessons through tennis.
Also fortunately, the good timing; my mom moving our family out of Alameda, which was bordering Oakland; even though Alameda is a nice town, it borders Oakland, and so even Alameda high school was full of a bunch of these ghetto kids, gangbangers and bad influences. I went to high school at Castro Valley high, a very nice school with no drama, good teachers and good AP classes, eventually I’ll be able to get to UCLA as an undergraduate, which helped accelerate my roadmap to success.
Along the line, meeting Cindy, then just another person I met my freshman year, at our Korean American Catholic club called Kyrie — later traveling the world with her, dating her, marrying her, and now having a kid with her, Seneca at age 3 years old.
Anyways, I have a lot of people to think, especially my uncle, who essentially helped my mom so much financially, and also my sister, for her private art school lessons, in order to get her into fashion school at Otis in LA, my sister eventually dropped out, but randomly threw a Apartment party, met her then future husband.  Unfortunately my sister‘s brother‘s family is very prosperous, opening up a fine art gallery in LA (VEFA)– will keep you updated with this, but anyways, our family is pretty set.
Just do what you believe to be righteous
I think it is critical to have a good dose of criticality when it comes to the opinions of others, even your spouse. I think we should always respect and an ear to the opinions of others, but ultimately, it is you who must be staunch, and Perform things and your life in accordance with your own personal beliefs.
When people say “you’re not listening to me!” what they really mean to say is “how dare you not obey me!”
The funny retort is people who get angry at us for not listening to them… Aren’t they committing the same critical flaw of not listening to us?
Speculation in the market
People don’t know but I’ve been trading stock ever since I was around maybe 15 or 16 years old, my sophomore junior year in high school. I remember actually investing really early in Adobe stock, because I used Photoshop and I found it to be a good tool. I actually made some money in high school, investing my life savings which was maybe around $1500 USD, maybe I will also get Seneca into trading at a young age.
Anyways, it was good learning and education because it taught me how to deal with ups and downs, and also losing it all.
Bitcoin will never go down to zero
The reason why I am so bullish about bitcoin is that I have a strong faith That you’ll never go down to zero. The reason why I would never put my money anymore into “alternative coins”, or coins is that there is a high likelihood that a lot of them will go down to zero.
For example, I think when the biggest scams in the cryptocurrency space, is Ada Cardano. They have set up a fake foundation with the.org website, with a bunch of fake people, fake talking heads and suits, nobody has any idea what they’re going to do or what their product is, I think a huge profit can be made by shorting it. I’m pretty sure that Cardano will go down to zero.
Also, all these other weird alternative coins, only things that even have any nominal value include bitcoin, Ethereum, chainlink. 

Why chain-link? First and foremost, chain-link isn’t really a crypto, it is like a new technology. I think of chain-link more like the next Google. Even the ex Google CEO ERIC Schmidt is on board. 
Bitcoin is fascinating because ultimately, everybody knows what it is. To quote Galiani, on his treatsie “on money“, Galiani once said that the word ducat, rolls off the tongue quite beautifully, I also see that the word “bitcoin“, also rolls off the tongue quite beautifully. 
Ultimate test: even Cindy‘s mom, a Vietnamese refugee immigrant can pronounce bitcoin in her “broken English“, and knows what it is. She says “I know what bitcoin is! It is the fake money!” Haha — true.
So why does this matter?
I think the reason why this matters is you don’t want to be sitting on your butt, 10 years from now, Seneca will only be 13 years old still very young… And kick yourself in the butt for not taking a bold risk, and something you believed in, a decade ago. Jeff Bezos calls this the “regret minimization framework“. 
For example, some moderately regretful things I’ve done the last two years is selling some bitcoin, converting into worthless US dollars, in order to “alleviate“, some financial concerns. But, moving forward, 2024 and beyond, I think the goal should be to become more staunch, more unyielding, More close minded. 
Being close minded is a virtue?
People say that being open minded is a virtue, but I’m starting to think, maybe not. Why? Do you want to be open minded about Adolf Hitler and Nazis? Or the new Nazis? Or alternative right wing weirdo conspiracy theorist, who want to hijack the American government, And promoting anarchy?
Also, I’m very close minded for these weird anti-fascist, loser skinny fat, fat big ass woke, anarchist; they all have iPhones, watch YouTube, jerk off to porn on Google incognito late at night on their laptop or their phones, use pirate bait and private VPNs– no capitalism, no consumerism, no pornography.
Trust no man who secretly watches porn.
Anti men
The really big issue at hand is that a lot of these people, men specifically, I don’t think we should trust most men. Why? A simple thing; it is true, the behavior of men and women is polar opposite. 
For example, women do not start games, or become gangbangers. This is reserved to only men.
Or another example, the difference between a woman bathroom and a male bathroom; in any bathroom, for example let me quote Galbi king — my new favorite Korean barbecue place in Los Angeles, only $26 a person, look at the difference between the men’s restroom and the women’s restroom. The men’s restroom has all these dicks graffiti on the walls, scratches on the window, graffiti on the walls, graffiti made with knives in the mirrors etc. Go to the women’s restroom; nothing.
This is the tricky thing about sex and gender; sex is biological, gender is sociological. Therefore as a consequence,