Oct 21, 2021 Sign Up

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"My favorite day is like when it's raining, and I can just lie on the couch." – Lloyd Blankfein

Good morning! Not a bad time to be a crypto HODLer. Bitcoin hit its all time high yesterday, while Ethereum also crossed the $4k mark again. The recent gains come from mainstream acceptance in the wake of the successful launch of the inaugural Bitcoin ETF (& also everyone you know talking about Bitcoin). Yesterday, the FDA approved Moderna and J&J Covid-19 vaccine boosters and said your booster shot can be different from your original vaccine. Time to lever TF up.

Today's sponsor, Polymarket, allows you to trade on real life events including if the floor price for CryptoPunks will be above 100 ETH on Nov. 1? (currently 97 ETH)

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1. Story of the Day: Ex. GS CEO Day Trading

To say Lloyd Blankfein, who retired as Goldman Sachs' CEO in 2018, is enjoying retirement, would be an understatement. His "gap year" after retirement has turned into three. "Somehow, I’m not scheduled, I don’t set my clock most mornings," he told Bloomberg in an interview.

He's spending time on philanthropy, staying fit by swimming and yes, day trading. Lloyd Blankfein is worth ~$1.3 billion and by his own admission he trades "a lot" – multiple times a day, buying and selling stocks and commodities, and occasionally currencies. "Those are habits that don’t die easily, and I’m not sure I want them to, it’s fun."

He's not trading crypto yet though. He's grouped himself with the "old fogies" waiting for regulation before he decides to invest. He does admit: "This may be one of the thousand things that I never in a million years thought would work, and it may work."

He wryly describes his performance as a day trader as "brilliant," crediting winning bets on the so-called new economy -- companies using innovation to disrupt old business models -- and to monetary policies that lifted all boats.

"Everybody who started in the markets at the beginning of '19 is a genius."

Short Squeez Takeaway: Blankfein is living out every finance bro's dream. He is running on no schedule, spending his days flocking between the Hamptons & Miami Beach and just ripping trades. He is definitely they guy they tell you not to worry about, pls stay safe out there.

Source: Bloomberg

2. Markets Rundown

• S&P 500 ended Wednesday a touch below its all-time closing high, seizing on strong corporate earnings in a sign that it is shaking itself out of a monthlong funk.

Movers & Shakers

• (+) Pinterest ($PINS) +4% after a Bloomberg News report claiming that PayPal may acquire Pinterest.
• (+) Anthem ($ANTM) +3% after the company reported better-than-expected quarterly results.
• (–) Novax ($NVAX) -15% after a Politico report claiming that the drugmaker is having difficulty meeting regulators' quality standards for its Covid vaccine.
  

3. Top Reads

A Message from Polymarket: Starship to the Moon?

The CryptoPunks series was one of the first NFTs created during the crypto bull run back in 2017. Larva Labs released 10,000 Punks (for free) with varying attributes all algorithmically generated. No two Punks are alike, and there is a fixed supply of 10,000 Punks. Each Punk has its own attributes and commands different prices depending on the scarcity of its features.

The lowest priced Punk is currently receiving offers for 97 ETH ($398.55k). CryptoPunk holder @richerd rejected a 2500 ETH offer, worth $9.5 million, which would have been the biggest on-chain NFT sale ever.

Crypto prices have been soaring with Bitcoin reaching its all time high yesterday, and it seems like there is still no stopping the CryptoPunks train.

Will the floor price of CryptoPunks be above 100 ETH on November 1?

Polymarket traders are currently forecasting a 39% probability that CryptoPunks will be above 100 ETH by Nov. 1. Will the NFT market hold on, or are we due for another correction?

Trade now or follow the odds on Polymarket. Use code “OWS” to get reimbursed up to $100 on your first day of trading!

4. Book of the Day: The Ten Equations That Rule the World: And How You Can Use Them Too

Is there a secret formula for getting rich? For going viral? For deciding how long to stick with your current job, Netflix series, or even relationship?

This book is all about the equations that make our world go round. Ten of them, in fact. They can help you increase your chance of success, guard against financial loss, live more healthfully, and see through scaremongering. They are known by only the privileged few - until now.

With wit and clarity, mathematician David Sumpter shows that it isn't the technical details that make these formulas so successful. It is the way they allow mathematicians to view problems from a different angle - a way of seeing the world that anyone can learn. Empowering and illuminating, The Ten Equations shows how math really can change your life.

5. Short Squeez Picks

• There's dumpster diving, then there's Whole Foods dumpster diving
• If you are looking to invest in VC, check out Sweater Ventures, the first VC for the retail investor
• When Bitcoin hit $100 

6. Daily Visual: Most Trusted People in the World
Global public net level of trust (share saying people are trustworthy minus share saying are not) in 2021

Source: Statista

7.  Daily Acumen: Ennui

Ennui (pronounced on-wee) is a type of chronic boredom, which generally involves weariness, dissatisfaction, and apathy, as well as the tendency to feel that everything is uninteresting and unfulfilling. Ennui can be inherently detrimental, since it represents a highly negative state of mind.

You should try to figure out what causes you to experience it in the first place, in order to find the best technique for you to fight it. You can try some of the techniques below.

Talk to someone. Talking to someone and asking them for input, can help you get a better perspective and give you ideas for things that you can do to resolve it. Furthermore, talking about this can be a positive experience in itself, which can make you feel better.

Change your routine. Often, changing your routine can help break away the monotony that causes you to experience ennui. There are many ways in which you can change your routine, including, for example, working in a different environment than usual.

Go out of your way to interact with people. Interacting with people, through whichever medium you prefer, can be valuable in itself when it comes to making life feel more interesting, and can also lead you to new experiences that you wouldn’t have otherwise.

Source: Effectiviology

8. Memes of the Day

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