"Justice without force is powerless; force without justice is tyrannical."
— Blaise Pascal
Good morning from foggy San Francisco, where the homeless overdose, the criminals break your windows while we zoom our lives away fueled by Instacart orders.
Ok, on a more positive note (essential to be positive), the wealth generated in the last year has helped many people.
The wealth gap has widened, but I believe this is an educational problem. Not a systemic issue. More on that in a future post.
Apps like Robinhood, $SQ’s CashApp, SoFi, and WeBull are fixing that. They are a net positive force in the world.
The most beautiful part of the $GME saga, in my opinion, has been seen so many paying their debts, living a better life, and providing for their families.
Some posts on Wall St Bets are pure joy and success. Check this solid sentiment analysis done on the posts. Great work, Sadrach Pierre.
I know how it feels not to have money. What does it mean to be crushed by larger-than-life forces when you don’t have access to capital.
It is not lovely, and I can promise you that. Just don’t give up, and you’ll be fine.
I am a big advocate of Naval’s school of freedom, a nerdier version of Charlie Munger’s school of life.
You want to make money, so you have the freedom to do what you want to do. Do you want to stick up to the man? Build wealth, don’t be a socialist, my friend.
Be a great capitalist.
As of now (YoY)
Power to the people.
Soon, when we find ways to democratize startup investing, things will get even better.
Ride on. Be careful as the music will stop at some point. It always does.
But don’t forget to dance.
Jerrod is the CEO of Codecov, a platform that is scaling the world's leading code coverage solution. Codecov is used by over 1 million developers.
I spent 3.5 months in Brazil during COVID. Unfortunately, Brazil is still a very unorganized country. The devil is in the details.
I’ve created a set of daily habits and systems that keep me accountable. They allow the courage and determination I need to go beyond survival mode.