PAX: Joe Smith, Hermes, Enhancements, Dowry, H G t v
PAX (not in Slack): None
FNGs: None
COUNT: 5
5 PAX gathered in the gloom at BiB. Today’s theme was “Observations on the 1990s Market Economy, as Explored Through a Playlist of 1990s Hip Hop Bangers.” It’s a multi-part lecture series.
Warm-ups covered small business entrepreneurship (Notorious BIG – Ten Crack Commandments) and competitive markets as a cornerstone of capitalism (Mobb Deep – Survival of the Fittest).
Over to the Koka Booth rock pile. Thang 1 involved rock your body’s with a big rock, and then interval-carrying a less-big rock further and further away, a metaphor for putting in the hard work of investing and then reaping the rewards of compounded interest (distance) over time. This segment also focused on the importance of cash vs. credit (Wu Tang Clan – C.R.E.A.M), more emphasis on entrepreneurship (Jay-Z – Hard Knock Life), and renting vs. owning tangible assets as prospective collateral (Dr. Dre – Let Me Ride).
Up and over the small hill segmenting the Koka Booth parking lot (“buy low, sell high”).
Thang 2 involved a modified pain train between the light poles of bear crawl, lunge walk, backwards run, a metaphor for focusing on short-term goals in order to attain long term gain.
Topics covered here included the critical nature of enthusiasm and opportunism when hedging competing investments (The Roots – Adrenaline) and the challenging intersection of markets and regulatory bodies (Warren G – Regulate).
Back to BiB lot for Mary. We passed around amongst the PAX the opportunity to call an exercise, noting the importance of a diversified management structure, and with a final observation of how challenging it is to time the markets and miss potential opportunities (Pharcyde – Passing Me By).
COT, and YHC took us out. An honor to lead the men today.
NMS: I hope everyone learned at least one valuable lesson that you were able to put into place today, either in a corporate or personal-finance setting. And with the Dow off 1200 points as of this writing, we all remembered to short the broader market first thing…right?