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Rushil's 2 Cents
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Hey pal, 

Like Mr. Miyagi, let’s rub our palms together and crack some bones. 

Your 5 In’s: 

Insight - Fast And Slow Thinking

The mind has 2 systems:

"System 1 operates automatically and quickly, with little or no effort and no sense of voluntary control. 

System 2 allocates attention to the effortful mental activities that demand it, including complex computations. The operations of System 2 are often associated with the subjective experience of agency, choice, and concentration."
-Thinking, Fast and Slow

System 1 Thinking 

Complete this phrase:

     bread and... 

(It's instant)

System 2 Thinking
Calculate the solution:

     69 x 69 =

(You have to take time to do it)

We live our day-to-day using system 1.

The more attention we spend to solve a problem (system 2), the better our system 1 thinking becomes.

Push yourself to solve difficult problems. It'll make your judgment efficiently quicker.


Investing - Internet Investments To Look For: Aggregators

Value in companies has shifted to those who control demand rather than distribution.

This section is to understand how businesses will evolve alongside the internet.
"Aggregation Theory describes how platforms (i.e. aggregators) come to dominate the industries in which they compete in a systematic and predictable way. Aggregation Theory should serve as a guidebook for aspiring platform companies, a warning for industries predicated on controlling distribution, and a primer for regulators addressing the inevitable antitrust concerns that are the endgame of Aggregation Theory."
-Defining Aggregators

A business needs three fundamental things to be considered an aggregator:
1. Direct relationship with users

Based on user accounts, subscriptions, payments, or regular usage.

2. Zero marginal costs to serve users

Traditional companies incur at least 3 types of marginal costs:
  • Cost of goods sold: to produce the product or service
  • Distribution costs: to send the product to customers 
  • Transaction costs: customer service or sales fees

Aggregators incur no marginal costs because of their digital nature.
  • Software: free to create
  • Delivered through the internet: free distribution
  • Automatic transactions: self-served payment (ignoring fees)

3. Demand-driven with network effects

Network effects is the value of a product or service increasing proportionally to the number of people who use it. This newsletter is an example. It increases in value the more readers it gets.

Since aggregators are digital, they control demand from the abundance of supply.

For example, YouTube has an endless amount of videos due to its high network effect.

Endless content = new users attracted = advertisers and sponsors = incentive to create = more creators = more videos posted = endless content...into an endless cycle.

Why worry about aggregate businesses? 

The world is starting to move to the cloud. San Francisco (which pioneered aggregators) is soon to be dethroned:


The next Silicon Valley will be the cloud. Aggregation theory serves as the template to find the next evolution of businesses, which will thrive in coming years (not to mention decentralized aggregators). 


Innovation -  Central Bankers Creating A Wealth Divide

I know I said there will be no economy talk, but I saw these quotes and they made me mad:

h/t @anilsaidso

Beuaracrats run our financial system. That's why there's a wealth divide.

The rich get richer and the poor get poorer.

It's not a bug of the financial system, it's a feature. 

Otherwise known as:

Modern Monetary Theory:


It basically means:
Aside from this thing called "inflation", we can print as much money as we want. 

The theory claims that governments can spend freely by printing money and aren't constrained debt or inflation.
"Since their budgets aren't like a regular household's, their policies should not be shaped by fears of rising national debt."
-Modern Monetary Theory

Here's the theory at work to give a better picture:


The reason I don't like talking about the economy:

I showed this tweet to a subscriber pal and he replied with this chart:

My pal argued that Buffett has no right to complain. Take a look at the past 40 years in comparison to today. It’s unprecedented. 

He convinced me to tell you this:

Beuaracrats aren't innovative, they’re traditional. Traditions thrive from hierarchy, so why wouldn't they divide wealth?

Money printing is to save bankers, politicians, and investors. Not yourselves. To avoid getting screwed over, find a store of value that you think is worth investing in. 

Cash may not be worth saving.

The purchasing power gets lost overtime while the prices of goods rise. We're getting punished to save our money. 

Whether it's stocks, bonds, index funds, or bitcoin, get rewarded by investing.
 Your savings are getting eaten up and shit on by incompetent assholes.

Internet - You Know What I Meme

I thought the above picture was photoshopped. Turns out it's not. This was taken back in 2017:

Meanwhile, here's Janet Felon ready to tax unrealized gains:

On other memes, here’s my take on remote work:

cat goes meow meow 

Inbox - Appreciation To Those That Reach Out

Screw you freeloader readers (jk ily too. Ty for reading). Here's a shoutout to those who reach out:

I appreciate it, thanks.

Rushil's Stamp Of Approval:

This week's recommendations:

  • Movie I watched: Sing. I've watched this before, but it has great rewatch value (I tend to rewatch movies a lot). Sing is a fun movie and I'm surprised they cleared the copyrights for songs they sang. (8.5/10)

"It turns out that when I graduated from high school, I had already used up 93% of my in-person parent time. I’m now enjoying the last 5% of that time. We’re in the tail end.

The same often goes for old friends. In high school, I sat around playing hearts with the same four guys about five days a week. In four years, we probably racked up 700 group hangouts. Now, scattered around the country with totally different lives and schedules, the five of us are in the same room at the same time probably 10 days each decade. The group is in its final 7%."

  • Song I've been listening to: This Town by Frank Sinatra. I recommend music based on two things: what I listen to while writing, or what I sing in the shower. This is a song I sing in the shower. (9/10) (Spotify or YouTube)


Slap My Face.


Connect with me on Twitter @rushil2cents because I tweet at least once a day:

click tweet


We got to 62. Just 7 more to go to reach our goal of 69:

1,240 tweets
following 385 people


Calvin Comic Of The Week:

Me on twitter:


Don't hold cash, buy bitcoin,


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