The Pomp Letter

Today’s letter is brought to you by Sidebar! Ready to accelerate your career? As we all know, navigating a big career transition is hard to do. It’s one thing to set a lofty goal, and it’s another thing to have the support system for yourself to follow through. Sidebar is a private, highly vetted leadership program for those who want to do more, do it better, and do it faster.  Sidebar’s approach...

Today’s letter is brought to you by Trust & Will! Trust & Will is the most trusted name in online estate planning and settlement. The company has helped hundreds of thousands of families create their estate plans, and they’re just getting started. Trust & Will enables every American to create a plan that’s customized to fit their needs, their life, and their legacy. Their mission is to make estate...

Today’s letter is brought to you by Trust & Will! Trust & Will is the most trusted name in online estate planning and settlement. The company has helped hundreds of thousands of families create their estate plans, and they’re just getting started. Trust & Will enables every American to create a plan that’s customized to fit their needs, their life, and their legacy. Their mission is to make estate...

Today’s letter is brought to you by Trust & Will! Trust & Will is the most trusted name in online estate planning and settlement. The company has helped hundreds of thousands of families create their estate plans, and they’re just getting started. Trust & Will enables every American to create a plan that’s customized to fit their needs, their life, and their legacy. Their mission is to make estate...

Today’s letter is brought to you by Sidebar! Ready to accelerate your career? As we all know, navigating a big career transition is hard to do. It’s one thing to set a lofty goal, and it’s another thing to have the support system for yourself to follow through. Sidebar is a private, highly vetted leadership program for those who want to do more, do it better, and do it faster.  Sidebar’s approach...

Today’s letter is brought to you by Trust & Will! Trust & Will is the most trusted name in online estate planning and settlement. The company has helped hundreds of thousands of families create their estate plans, and they’re just getting started. Trust & Will enables every American to create a plan that’s customized to fit their needs, their life, and their legacy. Their mission is to make estate...

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To investors, Housing affordability in the United States has become a national crisis. It is harder to own a home today than it has been in the last 40 years. Approximately 50% of American citizens are 40 years old or younger, so this is the worst housing affordability period in their lifetime thus far. When a national crisis arises, it is imperative that entrepreneurs spring into action. They can...

Today’s letter is brought to you by Trust & Will! Trust & Will is the most trusted name in online estate planning and settlement. The company has helped hundreds of thousands of families create their estate plans, and they’re just getting started. Trust & Will enables every American to create a plan that’s customized to fit their needs, their life, and their legacy. Their mission is to make estate...

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

To investors, The number of people employed in the American economy has grown from just under 100 million in 1980 to approximately 160 million today. It doesn’t hurt that the current unemployment rate is sitting at under 4%, which remains near historic lows. Total employment and the unemployment rate in the United States from 1980 to 2022, with projections until 2028 Even though unemployment is lo...

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

To investors, John Maynard Keynes once said, “When the facts change, I change my mind.” This classic investment advice is equally true in our personal lives, so Keynes’ words rang in my head as I left New York City at the end of 2020. The city had become a skeleton of what it once was. I had lived on the island of Manhattan for years and fell in love with the density of ambitious people, the conta...

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

To investors, I found a number of interesting data points while I was digging into the bitcoin market over the weekend. First, there are now more than 1 million addresses on the bitcoin network with at least 1 bitcoin. That is growth of more than 100,000 addresses to this club in less than a year. The percent of bitcoin in the circulating supply that has not moved in the last two years is now at a...

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

To investors, This weekend I worked with the team at Bay Area Times to publish an overview of the US economy using 78 different charts. You can watch the video on YouTube or on Twitter . Here are five of my favorites: Most of the GDP growth is coming from the western and southern United States. There have been three of the five largest bank failures in US history this year. We have erased the past...

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

To investors, Gambling is an American tradition. More specifically, the lottery has been a core component to funding the rise of America and many of our most respected institutions. The Virginia Company of London created the first lottery in America in 1616 to raise money for ventures chartered by King Charles, including the establishment of the first permanent settlement in Jamestown, Virginia ....

Today’s letter is brought to you by Sidebar! Ready to take your career to the next level? Make your transition successful by leveraging a Personal Board of Directors. A trusted peer group, with battle-tested perspective, and proven playbooks, to have real, tactical discussions with to propel you forward. With Sidebar, senior leaders are matched with a small group of highly-vetted, private, and sup...

Read the end of today’s letter for information on Sidebar: To investors, There are a few graphics and visuals that I came across over the weekend that tell a scary story for the US economy. First, we know that the Federal Reserve has been hiking interest rates aggressively. Most people have heard the Fed’s increase from 0% to 5%+ is the fastest in history, but it seems even crazier when you see th...

To investors, I hosted a conference on bitcoin mining yesterday. Speakers included CEOs and leaders of the most successful mining companies in the industry. ( view recording here ) The conversations were packed with insights and I learned a lot. Below you will find my notes on each conversation, along with takeaways on bitcoin mining, regulation, power grids, hash rate, and where the industry is g...

To investors, The $20.7 trillion commercial real estate market is in big trouble. A few weeks ago Treasury Secretary Janet Yellen publicly stated “ I do think that there will be issues with respect to commercial real estate .” Famed entrepreneur Elon Musk tweeted “ Commercial real estate is melting down fast. Home values next .” Yellen and Musk don’t agree on much when it comes to economics, so it...

To investors, The Federal Reserve has been hiking interest rates aggressively for the last year and a half. Although multiple banks have failed and asset prices are down materially, the Fed has remained steadfast in their pursuit of tighter financial conditions. A key reason the Fed has not wavered is the labor market. We currently have an unemployment rate of 3.7% , which is low compared to the h...