luckymrrai on Nostr: My Journey To Bitcoin I’m 47. Outside of my unrelaized carry in our portfolio ...
My Journey To Bitcoin
I’m 47. Outside of my unrelaized carry in our portfolio companies nearly 90% of my liquid net worth is in BTC (ok maybe 80% BTC and 10% MSTR).
I use to be the poster child for Trad-Fi. Ivy League MBA and trained in Keynesian economics. Worked in Investment Banking at JPMorgan and witnessed the 2008 collapse and effects of money printing first hand.
For the last 7 years I’ve run a lower mid market PE shop and the effects of the monetary policy during the pandemic and the near 600 basis point rate increase in a span of 9 months and the cash impact of that on our levered portfolio companies (yes a few of them failed) was another moment of realization that the system I was trained in just doesn’t work.
Finally decided to humble myself and put in over 300 hours and relearn EVERYTHING I knew about economics and hard money even though it conflicted with everything I learned in my successful 16 year career on Wall Street / Private Equity.
The Result of The Inquiry: Came to a clear realization that Bitcoin is a once in a 1000 year phenomenon and is the Hardest Money ever created. AND even in my best years as an investor I can’t beat Bitcoin’s 4 year average returns. That was humbling.
As they say if you can’t beat em - Join em! I have been fully converted to a BTC Maxi 🫡
Glad to Join The Nostr Community!
Shoutout to Dr. Jeff (npub1k7v…c04l) for the inspiration to join 🙏🏼
I’m 47. Outside of my unrelaized carry in our portfolio companies nearly 90% of my liquid net worth is in BTC (ok maybe 80% BTC and 10% MSTR).
I use to be the poster child for Trad-Fi. Ivy League MBA and trained in Keynesian economics. Worked in Investment Banking at JPMorgan and witnessed the 2008 collapse and effects of money printing first hand.
For the last 7 years I’ve run a lower mid market PE shop and the effects of the monetary policy during the pandemic and the near 600 basis point rate increase in a span of 9 months and the cash impact of that on our levered portfolio companies (yes a few of them failed) was another moment of realization that the system I was trained in just doesn’t work.
Finally decided to humble myself and put in over 300 hours and relearn EVERYTHING I knew about economics and hard money even though it conflicted with everything I learned in my successful 16 year career on Wall Street / Private Equity.
The Result of The Inquiry: Came to a clear realization that Bitcoin is a once in a 1000 year phenomenon and is the Hardest Money ever created. AND even in my best years as an investor I can’t beat Bitcoin’s 4 year average returns. That was humbling.
As they say if you can’t beat em - Join em! I have been fully converted to a BTC Maxi 🫡
Glad to Join The Nostr Community!
Shoutout to Dr. Jeff (npub1k7v…c04l) for the inspiration to join 🙏🏼