Strength is the supreme good on this planet!

No need to baby just throw it in the wash

Washer and dryer resistant

Warlord

Becoming more manly

What is your home town?

Who are your parents?

SEIZE

SEIZE THE OPPORTUNITY

SEIZE YOUR OPPORTUNITY

Their rich stores

50 eggs

Glorifies all human labor

Unrivaled skill

Carving and roasting meat

Experienced in pain **

Worst thing to suffer is homelessness***

The famous hero

Sell you for a profit

These nights are magical

You need not sleep too early , it is unhealthy

Enjoy grief ***

Black ship, black car

Accumulate wealth by trading

Swift

Throne

Bright red wine

Meat & wine feast

Godlike Seneca

Sword

Give a sword ***

Bully

Good tragedy, bad tragedy?

Variants

I am the Messiah

Their anchor being

Mercy killer

Anger is good

What if the goal were to augment your anger?

No morals ethics morality –

Autotelic Creation

We all need one another

BECOME, BECOMING A SUPERHERO

BECOMING AN UBERHERO

The OVERMAN

THE OVERHERO

Regenerative healing factors

I’m sure as hell not dead

Dishonor is fine

The fun, the chaos

Cash

Self referential

Irreverence

Nothing is sacred?

Just have fun with it!

What if?

I wanna be an Avenger

.

RESET

biological reset

Everything is permitted!

Design thinking

Manly goals

No anxiety, No stress

It’s in her Nature to be stressed and that’s a good thing 

Greed is good

Close focus

Rugged Design

The truly manly strategy?

I love it here!

Forest GoPro

video

Audio

Mo stay dalat

FOREST PARADISE

Autotelic Walking

Ability to conquer any terrain? 

The nicest place I’ve been to on the planet?

Sterrato

Open up your mind, open up your soul 

Mo stay forest resort

Video

https://videopress.com/v/K6Igxe5C?resizeToParent=1&cover=1&autoPlay=0&controls=1&loop=0&muted=0&persistVolume=1&playsinline=0&preloadContent=metadata&sbc&sbpc&sblc&useAverageColor=1

Bitcoin: immediately liquidable any time!

Confidence & aesthetics

More beautiful than beautiful ?

Image is everything

Stallion

Pure matte black

Forest resort, Dalat?

vlog

Video podcast

Audio

Audio

Dalat thoughts:

Stable

Pain tolerance , endurance

100% self responsibility; only ever blame yourself

Beauty is a scale

.

More active, more passive ?

New Capital

Capital

A greater, more glorious future for your family ?

All or nothing?

I’m so grateful

Think bodily your bodily physiology — with foods, liquids, beverages, timing —

Super simple —

1. All money health wealth directed towards your maximal physiological thriving?

Encourage, Discourage

Tragedy Porn?

Plots, plot lines?

Don’t stay in your lane!

Don’t accept their help

Unintentional Harm

Often people who desire to help you the most well indirectly cause you the most harm?

For example, foreign aid workers? 

Often people who desire to help you the most well indirectly cause you the most harm?

For example, foreign aid workers? 

Having a great appetite is an insanely great sign!

Pain, pain tolerance —

First, the obvious thought is pain is good. If your body never admitted any sort of pain signals, you would probably die. To experience large doses of pain is certainly terrible, yet when you compare it with the pain of death, even the highest doses of pain is preferable to death. And the good thing with pain is that it never lasts forever… Even the highest dose of pain, sooner or later the pain will subside, or at least lower the degree of pain.

1. They still care for beauty and aesthetics
2. Most Americans are fast and ugly and don’t care for clothing, outwards style & appearance. Vietnamese women care for and strive for peak femininity — also the men, maximal male dominance and masculinity

High sharpe ratio: get a lot of candy, don’t lose much. Low sharpe ratio: might not get enough candy or you might lose a lot.

Imagine you have a special piggy bank that can give you extra candy but also sometimes might take candy away. The Sharpe Ratio is like a score that tells you how good that piggy bank is at giving you more candy than it takes away. A higher score means you get a lot of candy and don’t lose much. If the score is low, it means you might not get enough candy, or you might lose a lot.

Imagine you have a magic piggy bank that can sometimes give you extra candy but also might take some candy away. The Sharpe Ratio is like a score telling you how good that magic piggy bank is at giving you more candy than it takes.

• If the piggy bank gives you a lot of candy but doesn’t take much away, it has a high score.

• If it takes away a lot of candy or doesn’t give you much, it has a low score.

The higher the score, the better the piggy bank is at giving you candy without big ups and downs.

Simply put, the Sharpe Ratio measures how much return you get for the risk you take. It looks at your investment’s return above the risk-free rate and compares it to the investment’s volatility. A higher Sharpe Ratio means you’re earning more return for each unit of risk you take.

..

The Sharpe Ratio is a commonly used measure in finance to evaluate the risk-adjusted return of an investment or portfolio. It was developed by Nobel laureate William F. Sharpe.

Definition

Formally, the Sharpe Ratio is defined as:

where:

• is the expected return (or average return) of the investment or portfolio.

• is the risk-free rate of return (often approximated by returns on U.S. Treasury bills).

• is the standard deviation of the investment or portfolio’s returns, a measure of volatility (risk).

Interpretation

1. High Sharpe Ratio: A higher Sharpe Ratio indicates a better risk-adjusted performance. In other words, for every unit of risk (volatility), the investment or portfolio earns a higher excess return over the risk-free rate.

2. Low (or Negative) Sharpe Ratio: A lower or negative Sharpe Ratio suggests that the risk isn’t being rewarded adequately by returns.

Practical Considerations

• Time Horizon: Typically, you calculate the Sharpe Ratio for a specified period (e.g., annual, monthly). If you’re using monthly data, you might annualize the ratio.

• Comparison Tool: It’s most valuable when comparing multiple investments or portfolios. For instance, if two portfolios have the same level of return, the one with lower volatility will have a higher Sharpe Ratio.

• Limitations: The Sharpe Ratio assumes normally distributed returns and can be less meaningful for investments with non-linear risk profiles (e.g., options or strategies with asymmetric returns). In those cases, other risk-adjusted measures like Sortino Ratio or Value at Risk may provide additional insights.

Overall, the Sharpe Ratio helps investors and portfolio managers compare different investments on a level playing field by factoring in both the return and the volatility (risk) of those returns.

After this really really 4 to 5 days of sickness, not sure if it’s a cold or flu… All the bitcoins on the planet don’t make up for it.

1. Mask up inside airport, airplane, and also maybe uber and taxi?

First, it may be annoying but just when at airport and transit, in airplane and airport mask up! About a week and a half in in Vietnam, caught one of the worst clothes in my life which has lasted about 4-5 days. I messed up the entire flight from LAX to Incheon to Saigon, the only time I didn’t wear a mask was when I was at the airport, and also I didn’t wear a face mask in my recent very very short local flight from Saigon to Dalat. What sicknesses, certainly it is impossible to know where it originated from, but after this really really bad sickness cold, I would have psychologically felt better knowing that if I just wore the facemask the entire time, and I still got a cold, then it was just randomness and chance.

2. Don’t watch the movies

The problem with watching a movie on a flight is that it is almost always films that you do not actually really want to watch.

For example, on the flight I watched Mad Max FURIOSA, and I really didn’t enjoy it. In fact, it was a positively bad experience because it invoked thoughts of child pedophilia and stuff like that. Really really revolting.

Also the problem about watching a flight on the film is that it forces you to stay in the sedentary position, and if you’re on a flight for too long, you know that sitting for too long will cause you major butt and back aches.

if there is a certain movie film in series that you are really really dying to watch, just download it offline on your iPhone or iPad, and watch it while standing, in the back, and walking around. Hang out with the stewardesses in the back.

3. Drink a shitload of water

During the flight while in transit, it’s super annoying to have to pee all the time but maybe it is a good idea to just over hydrate, because at least this will motivate you to stay moving and going to the bathroom?

And also, it may be better to be overhydrated than underhydrated.

Sometimes they are: DUNE II, All the John Wick films, the original Star Wars.

Your father’s armor and weapons

Where death is we are not

Strength and honor!

Keep your cool

Taken by force kept by force

An ideal

Refuge for those in need

Aye! What say you?

Do you dare?

REBIRTH!

Rather moment by moment —

The gladiator makes plans once he enters the ring (colloseum)

Tysons Corner, Va., January 3, 2025 — MicroStrategy Incorporated (Nasdaq: MSTR) (“MicroStrategy”), in furtherance of its previously announced 21/21 Plan, a capital plan to raise $21 billion of equity and $21 billion of fixed income instruments, including debt, convertible notes and preferred stock, over the next three years, today announces it is targeting a capital raise of up to $2 billion through one or more public underwritten offerings (the “Offering”) of perpetual preferred stock which will be senior to our class A common stock. The perpetual preferred stock may include features such as (i) convertibility to our class A common stock, (ii) payment of cash dividends, and (iii) provisions allowing for redemptions of shares, among other features. The Offering is expected to be registered via a registration statement on Form S-3 to be filed with the U.S. Securities and Exchange Commission. The number of depositary shares representing an interest in the perpetual preferred stock to be offered, the final terms of the perpetual preferred stock, and the price for the Offering have not yet been determined. The purpose of the Offering is to allow MicroStrategy to continue to strengthen its balance sheet and acquire more bitcoin. The Offering is expected to occur, if at all, in the first quarter of 2025. However, the decision whether to proceed with and consummate the Offering is in MicroStrategy’s sole discretion and is subject to market and other conditions. MicroStrategy may choose not to proceed with or consummate the Offering at all.

Economic incentives, economic disincentives?

Thymos, smoke

Rage like the great Achilles

Pain is the Best Instructor and Teacher

No more opium for you

We are romans now

The purpose of a bank is protection, consumer protection

MORE EPIC!

Violence & entertainment ?

Military commander

The victor

Debt 10,000 denarii

I own your loyalty

This is my house now

Heavy Armor

Plot

Great Plots

Friendship

Kind bowed to no one

True luxury is your body

Gold & purple

Respect & Honor

General.

Vae Victus

The barbarian hero

Aurelius

Raise hand, surrendered

I would have died for him

I love him your father

Is this how Rome treats its heroes?

White & gold

My will is my own

Gladiator not a slave

I have a destiny

That will not be my destiny

Token of trust

Outside real world exposure

I am not afraid

Strength & Honor

Restore order I must have power

Aye!

The law of the strongest

The prince of Rome

The defense of a new republic

Maximus

Lucius Verus Aurelius

The brilliance of Bitcoin!

Etymology of “stable” (adjective)

• Origin: From the Latin word stabilis meaning “firm,” “steady,” or “steadfast,” which in turn comes from stare, meaning “to stand.”

• Development: In Old French, it appeared as estable and carried over into Middle English as stable, retaining the sense of “secure,” “unchanging,” or “reliable.”

Etymology of “stable” (noun)

• Meaning: A building or enclosure where livestock (especially horses) are kept.

• Origin: Ultimately from the same Latin root stare (“to stand”), via Late Latin stabulum (“standing place,” “stall”) and Anglo-French estable. In Middle English, stable retained the notion of “a place where animals stand or stay.”

There is nothing more energy economic density than a bitcoin

New economic theories

I suppose what I love about being in Vietnam is being away from all this backwards American nonsense.

The opportunity to think carte blanche? 

2024 was a good year for $BTC and $MSTR.

Economic Double Dipping!

despite the recent pullback, microstrategy finished 2024 as the best performing major asset in the world, with bitcoin as no. 3 even on a risk adjusted basis (sharpe), MSTR finished 1st and BTC was 3rd. 2 of top 3 assets in 2024 were bitcoin related. are you paying attention?

Alex Thorn:

I suppose my number one biggest critique of capital gains, capital gains taxes that it kind of dis incentivize you from taking certain financial and economic risks, simply because you are afraid of triggering a taxable event?

And then the annoyance is that as an individual, it motivates you from acting in such a way that you avoid triggering capital gains taxes events, therefore incentivizing you to do nothing? 

Incentive to be lazy?

for example, if I have like $2 million assets, I see a big gain investment opportunity… I feel disincentivized to sell the $2 million of assets, and to invest in something else, … because once again, I don’t want to be hit with like a $200,000 tax bill.

Let us consider… What if I invested $2 million into something, and it goes south? And I’m still left having to deal with the $200,000 tax bill? Then what?

It doesn’t really make sense?

I mean I get it if you’re like a super mega ultra corporation like Apple… And then paying taxes corporate taxes kind of makes sense. But if you’re just like an individual, an individual solo entrepreneur, a small fry ,,, capital gains taxes seems to be unethical? Or at least bad for the individual.

And isn’t America supposed to be all about empowering the individual?

Life liberty and the pursuit of happiness

Liberty ,,, economic liberty? Liberty from unjust taxes? So annoying!

Economics by KIM

1. Bitcoin is Digital Capital Economic Muscle?
2. 80/20 Living
3. You Can’t Rent Forever
4. Money is For Slaves
5. Growth
6. Think Volume
7. Think Payoffs
8. Kaizen Gains
9. Cost to Capital
10. Price vs Value
11. EVERYONE WINS!
12. INVESTING PR’S
13. The Philosophy of Investing
14. ERIC KIM VENTURE CAPITALIST
15. How to FIRE (Financial Independence Retire Early)
16. How to *Save* a Million Dollars
17. Increase Value
18. MAYBE IT IS A GOOD IDEA TO BUY HIGH
19. Banks Are the True Menace to Society
20. THE PROMISE OF FUTURE MONOPOLY PROFITS?
21. High gas prices are good
22. What is Capitalism?
23. Pride in What You Paid For
24. On Making Money from Nothing
25. Save Money Towards What Ends?
26. No Regret Investment

Disruptive

Critique of capital gains taxes

I suppose my number one biggest critique of capital gains, capital gains taxes that it kind of dis incentivize you from taking certain financial and economic risks, simply because you are afraid of triggering a taxable event?

And then the annoyance is that as an individual, it motivates you from acting in such a way that you avoid triggering capital gains taxes events, therefore incentivizing you to do nothing? 

Incentive to be lazy?

for example, if I have like $2 million assets, I see a big gain investment opportunity… I feel disincentivized to sell the $2 million of assets, and to invest in something else, 

Critiques of capital gains taxes often come from economists, policymakers, and investors who argue that these taxes can distort economic behavior and discourage productive activities. While perspectives vary, here are several common critiques:

1. Lock-In Effect

• Because capital gains are taxed only when assets are sold (“realization-based” taxation), investors may be incentivized to hold onto assets longer than they otherwise would—purely to avoid triggering a tax event.

• This “lock-in” reduces liquidity in markets and can prevent capital from moving to potentially more productive or innovative investments.

2. Potential Double Taxation

• Critics note that many assets—like shares of stock—already generate corporate profits, which themselves are taxed at the corporate level.

• When an investor sells the stock and realizes a gain, this appreciation (in part deriving from after-tax profits) is taxed again, leading to what some see as a second layer of taxation on the same underlying economic value.

3. Disincentive to Invest or Innovate

• Some argue that taxing capital gains diminishes the rewards from building or growing a business, thereby discouraging entrepreneurship, venture funding, and long-term investment.

• In particular, high taxes on capital gains are viewed by some as reducing the attractiveness of risk-taking, since potential after-tax returns might be smaller.

4. Complexity and Compliance Costs

• The rules for determining cost basis, holding periods, and taxable amounts can be complicated, leading to administrative burdens on both taxpayers and tax authorities.

• Frequent changes to capital gains rules or rates can generate uncertainty, hindering businesses and individuals from making well-informed decisions about when and how to sell assets.

5. Unrealized Gains vs. Realized Gains

• Under a realization-based system, investors only pay taxes once they sell the asset. Meanwhile, substantial gains can accrue tax-free if the investor holds the asset indefinitely.

• Critics on both sides note that the disparity can lead to distortions—some see an unfair advantage for wealthy individuals with large, unrealized gains, while others argue it forces premature or suboptimal sales for those who need liquidity.

6. Distributional Concerns

• Although some defend capital gains taxes as reducing wealth inequality (since high-income individuals tend to derive more income from investments), others argue that capital gains taxes hurt middle-class households that hold assets like homes or retirement accounts.

• Fluctuations in asset prices can mean individuals face capital gains taxes even when their real economic situation has not substantially improved (for example, due to inflation or local housing market spikes).

7. Potential for Tax-Efficient Structuring

• High-net-worth individuals and corporations can often structure transactions to minimize or defer capital gains taxes (e.g., through 1031 “like-kind” exchanges, estate planning, or sophisticated investment vehicles).

• This ability to exploit legal loopholes leads to critiques that capital gains taxes are inconsistently enforced across different income groups.

Overall, while proponents view capital gains taxes as a key means of ensuring fairness and generating government revenue, critics argue that these taxes may discourage investment, lead to inefficient asset allocation, and impose significant compliance costs.

Capital gains taxes exist primarily because realized gains from the sale of assets—stocks, real estate, or other investments—constitute a form of income. Taxing that income is seen as part of a fair and comprehensive tax system. Here are some of the key reasons:

1. Equity and Fairness

• If wages, salaries, and business profits are taxed, then the increased wealth an individual obtains by selling an asset at a profit can also be considered taxable income.

• Capital gains taxes are meant to help balance the overall tax burden and ensure that all forms of income, whether from labor or investment, are treated consistently.

2. Revenue Generation

• Capital gains taxes provide an important source of government revenue, helping fund public programs and services.

• By collecting taxes on realized gains, governments can partially offset other tax reductions or expenditures and maintain a stable revenue base.

3. Encouraging Productive Investment

• Many tax systems structure capital gains rates—often with lower rates for long-term gains—to encourage more stable, long-term investing rather than speculative, short-term trading.

• In this way, capital gains tax policy can influence investors’ behavior, channeling capital into longer-term economic growth.

4. Administrative Practicality

• Taxing capital gains at the point of sale or realization (rather than on “paper” or unrealized gains) is more administratively efficient.

• Tying the tax event to a clear transaction makes it easier for both the government and taxpayers to calculate and document the gain.

In sum, capital gains taxes exist to treat investment gains as taxable income, generate revenue for government spending, promote longer-term investing, and align tax policy with the principle that all income—whether earned through labor or investment—should be subject to some level of taxation.

Road to freedom ?

Financial goals

Living abroad, with $200m and growing ,,, then and now what?

Capital gains, capital gains ,,, taxes?

Don’t backtrack

End of year

Low prices, limits of low prices?

Example if a Lamborghini was only like a dollar… Would that actually make it desirable?

Is happiness the goal or something else?

Fun is the goal?

How to have fun

No stress, no stress lifestyle

Embrace wu Wei

ULTRA HUMAN