The Daily Loop #142
3 quotes, 2 short form tweets, 1 long form read and 1 piece of advice from me. Consume 2 minutes of information to help you advance your knowledge in different fields.
The Daily Loop newsletter focuses on information that can be consumed in 2 minutes every day by linking to posts across the internet, formatted in a way that is easy for anyone to navigate. In a 3-2-1-1 design (quotes, short-form content, long-form content and advice).
The goal is for as many people to read this daily and inspire them to think differently about certain things. It will primarily be around topics and industries I am interested in such as: startups, ai, success, innovation, change, crypto, nfts, etc.
3 quotes
"In a SaaS world, it's not about the software you sell, it's about the relationships you build and maintain."
"Embrace discomfort. Discomfort signals that your old mental models are being challenged, not that you are being threatened. The best things in life are on the other side of fear."—Naval Ravikant
"Be fearful when others are greedy and greedy when others are fearful."—Warren Buffett
2 short tweets
1/
The rule for life.
2/
This tweet reminded me of a conversation I had recently. The difference between AI, and Crypto. You can’t really compare the two because they are apples to oranges.
At the same time, I believe one will have more impact on the world.
But it’s not about focusing on one or the other, it’s about implementing new technology and embracing it to see where it fits in your project. Just like how Treeverse will have elements of tokenization and will use AI intensively in our production process where we can.
1 long read
Gamechanger. As someone who has been using Photoshop for 5+ years, this will definitely change many things. I have seen a bunch of people try it out already, and it looks great.
1 piece of advice from me
You need less money than you think you do.
Usually, if you are in an industry like Crypto, your perspective on the value of money changes very fast. I mean in Crypto Twitter, we are surrounded by 7-8 and some 9 fig accounts. 10% down on ETH means some people lost millions.
We buy JPEGs for ridiculous amounts of money. But at the end of the day, for most, the goal is to have enough money to do whatever you want in life.
And assuming you aren’t materialistic and want a bunch of lambos… your biggest cost is living. So the yield you generate from X amount just needs to cover that. Assume 5% on $10M, that’s $500K a year (~$42K a month), I do not believe 99% of you reading this would *need* this much money.
There is a difference between financial stability, financial freedom and generational wealth.
I am talking about the second stage. Sit down today and think about it. If you are trading, this is important. It will help you understand when to cut losses and take profits.