- Q: What does James's portfolio look like?
- Robinhood thing for a short bit, but that's it, just feels
- Very much can't beat the market
- Thinking about putting some net worth in crypto - high variance
- Winning horse in the past 5 years
- Don't know which crypto thing —
- Technical
- Still want to make money, have that exposure
- James's current exposure — the only stocks James has are
- VTI, SAX, VTSTX, bonds
- Advice from reading up on with respect to FIRE stuff
- Goal: get to financial stability asap
- Q: Why doesn't James trade stocks?
- A: Too much work; emotionally unlucky with the stock market
- Small amounts of money, — bought Sketchers, didn't pan out, no interest in sneakers, don't want to do market research
- Fun hobby, get you into economics, builds financial literacy; but headspace doesn't want to think about it
- Research to have a decent chance of beating market is pretty decent amount of work
- EMH
- First idea: "invest in people" = Buying in upside at a poker tournament
- Austin: Similar to MTG concept
- We're all invested, check in to see how they're
- People always friends joke about buying 1% of the future income
- Friends in the past; friend really into poker (texas hold em)
- Wants to join this poker tournament
- Winnings are very tail end
- Entry fee: 10%; I'll pay for x% of ticket, and get x% of the winnings
- Wants to play poker, maybe hedge bets, Beta (sponsored)
- Building is a lot of work
- A lot of regulatory and legal work
- Lens: Fantasy gambling
- Pitch: Fantasy football without the football
- End: If James or anyone he knows would be interested?
- James' friends: trying to do his own startup
- They're doing more enterprise stuff:
- Biz ops, customer ops, ask for time, talk through problems, what's a day like in a role like you
- Biz ops: have to do these spreadsheet things
- Scrape data from here
- Using that for idea generation