What Happened Today?

Wednesday July 15, 2026

MACRO:

I have no idea.

MICRO:

I have no idea.

I went to the Argentina v England Match today.

Try to remember why you are participating in the market. Is it to retire early? Is it pay for college?

Actually, think about it. And revisit the idea every few months/years. Not abstractly say “I want more money.” You want “more money” to do what?

Buffett wanted to be “rich” and then worked everyday until he was 95. Paulson wanted to be feel important and desperately still wants to feel important. Ackman is trying to prove something. To whom, I have no idea. Musk wants to be God. These men never found anything to do with their wealth other than to possess it.

Bezos at least is enjoying himself.

What do you want?

All the time you spend in life, is all the time you will ever get. So don’t waste any of it chasing other people’s dreams and other people’s goals.

Watching, listening and feeling Argentina fans erupt when their team scores a goal is an experience worth more than money.

What a fucking memory.

— AJ