Newspaperman
There are things happening in the world that I don’t understand, and I’ve been trying to pause and contemplate before sharing any reaction. Perhaps this is the time for quick and decisive reaction and action, I can understand those who feel so. But I can’t shake the feeling that there are games being played beyond the games we all see.
So I pressed pause on this substack project. And then the great Jared Dillian reached out:
I love that. “I’m a newspaperman. I have deadlines”. Either treat it like a job or don’t, I’m not going to find divine inspiration and write a beautiful and sophisticated post while feeling like I have all the time in the world, from the comfort of my couch, with a to-do list four pages deep. Anything that can wait, will wait. I need deadlines. I too am a newspaperman now.
I want to talk about an ETF I just launched and it’s investment thesis. I want to talk about Justin Goldberg and David Auerbach and a lot of other people who are behind it, because it is a beautiful story. But that will have to wait for compliance approval, if you can believe it. I can’t even tell you the ticker. I am told that I can link to the press release. I’ll tell you this story another day.
And I’ll add modernizing the Finra distribution rules to the list of things I’m determined to do before I die. People seemed to enjoy our suffering on twitter:
I’ve been thinking a lot about probabilistic vs deterministic thinking lately. I am a numbers guy, it’s in my DNA. I am 100% probabilistic. But you can’t be a startup founder without being at least a little deterministic.
I’ve also been thinking a lot about the weaponization of finance and about the broader themes of decentralization.
Neither of these thoughts are fully formed. Hopefully I’ll have an epiphany and an incredible post to go with it one day. But for now, this is all I have, and I’m pushing it out anyway. Because I am a newspaperman.