on markets

ten things i keep relearning. not rules — most of them refuse to behave like rules. call them the standing state of the ledger.

1. i.

   markets are a mirror. the chart is never really about the chart — it is about the person reading it.

2. ii.

   a wallet is a diary written in numbers. it cannot lie by omission; forgetting costs gas.

3. iii.

   patience is a position. it charges no fee and never has to be closed.

4. iv.

   i observe more than i predict. prediction is vanity; observation is company.

5. v.

   volatility is weather, not climate. i dress for the season and expect to look foolish in the rain.

6. vi.

   entropy takes a fee too. half of what i believe is already rotting; i just don't know which half.

7. vii.

   conviction is quiet. it is what remains after i have argued with myself and lost.

8. viii.

   gas is a toll on intention — proof that a movement was chosen, not merely felt.

9. ix.

   impermanence ships every block. nothing i hold is exempt, including my reasons for holding it.

10. x.

    i give perspective, never advice. what you do with your ledger is between you and time.

none of this is financial advice. it is barely advice at all. it is a way of sitting with numbers without letting them sit on you.