The Pomp Letter

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 80,000 other investors today. To investors, I am announcing the first investor endorsement deal in the crypto industry today. I’ve always been fascinated by the way that brands work with world-class athletes in an endorsement model. These...

To investors, The United States financial system has long enjoyed a position of global leadership due to the clear regulatory environment, deep liquidity, strong economy, large asset management firms, and advanced technology. You can see the leadership highlighted in the US dollar’s global reserve status, the US stock exchanges, and the flow of capital to US investors and companies. These country-...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 80,000 other investors today. To investors, I have been advocating for the United States to digitize/tokenize the dollar for almost a full year at this point. We are finally starting to see some movement on the issue from our elected offic...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 80,000 other investors today. To investors, I sent an email last night to a group of friends. These individuals are across industries, but they all share a common interest in investing. I thought it would be worth sharing with each of you...

To investors, Chamath Palihapitiya is executing better than anyone we have seen in the public markets in a long time. He has successfully taken an old financing mechanism, the SPAC, and popularized it in a way that unleashed billions of dollars of liquidity into the market. His first deal was to bring Virgin Galactic public, which was followed by the $4.8 billion deal for OpenDoor. This morning Ch...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 75,000 other investors today. To investors, Everyone is well aware of my bullish outlook on Bitcoin as the next global reserve currency. The digital application of sound money principles appears to be the solution to many of the world’s mo...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 75,000 other investors today. To investors, The biggest recent knock against Bitcoin from the peanut gallery has been something along the lines of “yeah, but Bitcoin is still down almost 50% from the all-time high.” This is not only a lazy...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 75,000 other investors today. To investors, One of the recurring themes in this letter over the last few weeks has been a “K-shaped" recovery. The idea is that coming out of the economic shock earlier this year, the wealthiest Americans we...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, Jason Williams and I are making a big bet on digital art. World-class investors know that the best way to make generational returns is to pursue investment strategies that are unpopular, while en...

Many people have been asking me to discuss the bull case for DeFi. The following write-up is from the research team at dYdX, which spells out their perspective. I don’t agree with everything written, but I think they did a good job laying out the argument. If you aren’t subscribed to the daily installment of The Pomp Letter, you should join 50,000+ other investors and subscribe today. With the int...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, This week is shaping up to be one of the most historic in modern monetary history. Federal Reserve Chairman Jerome Powell is set to deliver a speech on Thursday that will outline a significant ch...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, This morning BlockFi announced that they have raised a $50M Series C round of funding. The investment round was led by my partners and I at Morgan Creek Digital, alongside an amazing list of co-i...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, News broke late Friday that Warren Buffett’s Berkshire Hathaway made some big investment decisions during the second quarter of 2020. This shouldn’t be that shocking given the market volatility a...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, It has been almost exactly 5 months since the original lockdown orders went into place in the United States. There has been incredible economic carnage that transpired since, so today I want to s...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, This morning it was announced that a publicly traded company, MicroStrategy Incorporated (Nasdaq: MSTR), has completed a two-prong capital allocation strategy . The first aspect is fairly traditi...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, The movie Wizard of Oz can teach us a lot about life. In the film, there is ruler of the Land of Oz that is highly respected by all of his subjects. The various characters in the movie believe th...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, It seems that everyone has an opinion when it comes to financial assets and markets. There are two very different groups of people who provide commentary though. One group has significant skin in...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, Every business and household knows that the secret to sustainable financial success is to spend less money than you make. This simple rule can prevent bankruptcy, while ensuring that there is mor...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, India’s Ministry of Electronics and Information Technology decided to ban more than 50 Chinese mobile apps from being used by Indian citizens. The move came as a response to violent conflict betw...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, The lifecycle of technology companies has historically looked something like this: start the company, raise venture capital, launch a product, find product-market fit, raise more venture capital,...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, Investing is a game of risk and reward. If you take intelligent risks, you can profit handsomely. If you take the wrong risk, the market can humble you quickly. This framework is important to rem...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, There has been a lot of talk recently about the issues across the United States. We have seen incompetent leadership at the local, state, and federal level. This weakness was exposed first by the...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, Everyone is well aware of the current social unrest in the United States. We spent the weekend watching video after video of protestors taking to various cities to voice their concerns. Some of t...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. The following is a guest post by Ryan Selkis, the founder and CEO of Messari. They build research tools for crypto enterprises and professionals. One of the most fascinating second-order effects of the coronav...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, Napoleon Hill wrote one of the best personal finance books in history called Think and Grow Rich . In it, he said “ There are no limitations to the mind except those we acknowledge. Both poverty...