Jet’s Journal - #113

Hi All!

Here is your weekly round up of what I’m pondering and exploring. Feel free to forward along to a friend if you think they might enjoy.

Off the Rails Vlog & Panel Discussion

As promised here is most of the panel discussion between Max and myself at the book launch and documentary premiere from the other weekend. If you couldn’t make the exhibit and are interested in my book and how it came to be, I’d suggest you watch the video below for a great conversation between Max and myself about our stories and the creative process.

Also, while I’m here I want to shoutout Kamal who I know is reading this. Thank you for being such a great host on the night and asking very thoughtful questions. I really appreciate you. Shukran.

Also, on a side note—the reception for the book has blown my mind. I’ve got people who haven’t read in years finishing the book in one night, tonnes of orders coming in from complete strangers, and even international bookstores ordering copies of Off the Rails. It’s a weird feeling but I’m grateful for all the love so far.

The Christmas Spirit

Last week I checked out the Christmas lights for the first time in who knows how many years—all I know is that when I used to go when I was a kid, I’d feel that magic in the air. There was something so hopeful and joyous about this time of year that I loved so deeply. However, as I got a little older, as we do, it began to feel like that magic started to fade and it almost became just another day.

However, the other night when I was walking down a street south of Sydney, taking in how much effort and pride people put into their homes—it really made me feel that Christmas spirit again. I really appreciated seeing all the neighbours out in the street, talking with one another and smiling, all while their kids were running around playing with each other. It was really special and I think we need more things like this in our communities to bring us together.

Beautiful Things

This year has been such an amazing year—not only for myself, but for all my friends and family around me. I’ve got people getting married and having kids, people falling in love for the first time, people traveling around the world collecting lifelong experiences, people throwing runway shows, people running marathons, people throwing crazy events, people releasing documentaries, people buying homes, people getting promoted at work, people succeeding in sport—the list goes on and on.

Which is why I thought the text below was fitting to share with everyone as we approach the end of the year.

‘Everyone I love is doing beautiful things’ by Chloe Laws

Like falling in love, slowly, with themselves / like going to the food bank every week to donate / like wrestling through heartbreak, fists unclenched / like learning to enjoy running or cooking from scratch or meeting new people or reading for pleasure / one friend is. making twelve different kinds of cookies for christmas, packaging them up in hand-painted boxes for us / another is raising a toddler, finding that everything suddenly feels brand new / someone I love is grieving but they are also laughing a lot / everyone I love is doing beautiful things / like door-knocking even when it feels hopeless / like speaking to their neighbors, no matter how busy things get / like making sure they look up when they’re walking. Like taking three deep breaths every morning.

So, with that being said—whatever the thing is you’re doing or have done, I’m proud of you.

The 2030s Renaissance

The video below is a great. I wish I could capture everything the video covers in a single sentence but that would only be doing it an injustice.

So, all I’ll say is: this genuinely makes me not only hopeful for what’s to come but excited to get to experience and be a part of this new era.

From Ground Zero

Disclaimer: This is not financial advice and everything in this post was written solely for myself.

I’ve recently started buying up Bitcoin again for the first time since getting my entire crypto portfolio wiped out. This was especially hard because I remember how cheap I’d previously been buying it at.

Combine this with the challenge of rebuilding a portfolio from zero and it makes it very easy to not want to bother at all-especially when your buying fractions of a fraction of a Bitcoin at a time.

However, the reason why I’m writing this blog post is to consolidate the harsh lessons I’ve learned over the years of not only being in crypto but investing in general, so I can define a strategy moving forward. The Strategy

DO THE OPPOSITE OF EVERYTHING BELOW:

Mindset

• Think your the next Warren Buffet.
• Always compare what you have to others.
• Feel like you need to prove yourself.
• Put your identity and belonging in your assets.
• Put your self worth in how big your portfolio is.
• Look at money as the answer to all your problems.
• Try to get rich as fast as possible.
• Make decisions when your emotionally vulnerable.
• Think short term.
• Think in numbers not percentages.
• Check your portfolio every hour of the day.
• Think about your profits before you lock them in.
• Think every dollar doesn’t count.

Risk Management

• Invest so much that downturns in the market easily shake you out.
• Invest all your cash so you have nothing to live on.
• Never put money aside for taxes.

Choosing Assets

• Always speculate on the hot new thing.
• Look at token price not market cap.
• Ignore fundamentals.

Buying Behaviour

• Buy inconsistently and only in huge volumes.
• Buy random amounts at a time.
• Day trade.
• Overthink your trades.

Operations

• Keep your assets in an exchange.
• Use one wallet to make all transactions.
• Don’t worry about security.
• Make more transactions than you’re able to manually keep track of.

Social Behaviour

• Tell everyone about your investments.
• Tell everyone you know to buy in.
• Tell everyone about your wins.
• Tell everyone how big your portfolio is.
• Tell everyone how smart you are.

Using the framing above and painting a picture of how to become the worst possible investor helps me get a much clearer picture of what not to do and how to avoid emotional financial traps.

Hope everyone enjoys their week.

Love,

Jet Williams

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