📈 The 1,000X strategy

PLUS: How to build wealth by Ycombinator Founder

Author

Alex M.
May 12, 2023

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GM everyone. This is 2036, the newsletter that brings you the best of crypto in 3min/day.

Today is Favorite Friday, where we share with you some of the resources we most enjoyed this week.

So if you're looking for some sweet content to dig into this weekend, this is your list...

🤌 Our Top Picks

Stories to read if you’ve only got 1 minute

🛠️ Our Favorite Resources

What we most enjoyed this week

Paul Graham is an OG in the tech space. He’s the co-founder of Y Combinator, the best startup accelerator in the world.

Paul’s also a prolific writer. Pretty much every founder in Silicon Valley has read his famous essay ‘How to Make Wealth.’

And if you one day want a company, you probably should too. Here it is.

If you’re looking for more timeless wisdom of wealth, Morgan Housel is an absolute beast at it. He wrote The Psychology of Money - the best book on the topic - and this is one of his better short-form essays.

Here are some snippets:

  • Nothing is more blinding than success caused by luck, because when you succeed without effort it’s easy to think, “I must be naturally talented.”

  • A big problem with bubbles is the reflexive association between wealth and wisdom, so a bunch of crazy ideas are taken seriously because a temporarily rich person said it.

  • Nothing leads to success like unshakable faith in one big idea, and nothing sets the seeds of your downfall like an unshakable faith to one big idea.

  • Average performance sustained for an above-average period of time leads to extraordinary performance. This is true not just in investing but careers, relationships, and parenting.

Read it, then read it again. It’s well worth it.

You may be wondering why Chat GPT can answer some questions and not others.

Here’s an excellent article on the topic.

The story of Silk Road is one of the most controversial and painful in crypto history.

But it’s much crazier than you think.

One guy is serving two lifetimes in prison for running a marketplace that dealt drugs using bitcoin.

Another served just one year for stealing it all.

Ray Dalio is the multi-billionaire founder of the largest hedge fund in the world - Bridgewater Associates. He’s also one of the clearest thinkers of his generation.

In this video, he breaks down exactly:

  • what’s going on in the world

  • what you can do about it

It’s a great interview, and Tom asks questions that any beginner can relate to. Highly worth checking out.

And if you feel that you missed out on the latest wave of crypto gains, check out some of the tweets below 👇

🐦 A couple of Tweets we found interesting

The best of the bird

👋 Say hi on TikTok 

🖼️ Crypto meme of the day

From across the world wide information superhighway