💎  5 Tweet Tuesday 💎 

My favorite 5 tweets of the week. Let’s dive in:

#1 💎 

As Seneca said: “pay the taxes of life, gladly”

Everything you want comes at a cost. Travel comes with delays and lost baggage. Fame comes with haters. Kids come with wiping butts.

The sooner you learn to pay those taxes, gladly – the happier you will be.

#2 💎 

Newton? Like, apple falls from a tree and I shall call it gravity…. THAT Newton?!

Turns out this story is true. Here’s the short version:

1/ The year is 1711. The UK is in trouble. They have crippling national debt from Season 6 of Succession The War of Spanish Succession.

2/ The finance minister has an idea. They can form a company (“The South Sea Company”) – give it exclusive rights (a monopoly) on trade with South America if the company takes on $10M of gov’t debt.

3/ People think OMG this company is going to dominate. They had seen the East India Company and Hudson Bay Company make a fortune in this model. This is the Next Big Thing™

4/ Politicians, Nobels, and even kings’ mistresses were given shares to promote confidence (influencers). This creates a frenzy. Everyone starts investing in it.

5/ Sir Isaac Newton buys in around ~$200 per share. He sells at ~$400. Locking in a nice profit. He’s happy.

6/ But then, the stock keeps going up. People are getting rich. As Charlie Munger says: “the world runs on envy, not greed”.

Newton plows most of his wealth in at ~$700 a share.

7/ The bubble bursts, stock collapses. It turns out that Spain only allowed the company to send 1 ship per year to trade. The big “monopoly” was worthless.

8/ Newton lost the equivalent of several million dollars. Wiping out most of his fortune.

9/ Afterwards, Newton said: “I can calculate the motions of heavenly bodies (physics), but not the madness of people”

This would be like if Elon Musk bet $200B on Doge coin (wait a minute..)

#3 💎 

The key to success….daddy issues?

#4 💎 

It’s hilarious to me that “sports betting” is illegal, but a “prediction market” about sports is perfectly legal. Yep. Makes total sense.

#5 💎 

😂😂

#6 💎 

Let me tell you a little story.

A few years ago, I got deep into crypto. (Like waaay too deep).

So I said, “Screw it. I’m starting a newsletter.”

I saw my buddies build The Hustle and Morning Brew and sell for millions… so i thought, “how hard could it be”?

I launched Milk Road - a daily crypto newsletter. And it blew up.

• Partly because the content was good

• Partly because grown adults were obsessing over monkey JPEGs

• Mostly because we sent it with beehiiv

Fast forward 14 months… Milk Road gets acquired. 7-figures.

And who do I thank? Not my Mom (sorry Mom).

I thank beehiiv. It’s the only platform I’d recommend if you want to grow, run, and monetize a newsletter - without duct-taping a bunch of apps together.

So if you’ve got something to say…

Go to beehiiv.com/mfm and use code MFM30 for 30% off your first 3 months.

What’d you think of today’s edition? Hit ‘reply’ to this email and lemme hear it!