- Renaissance
- Posts
- Bezos’ Billionaire Interview Insights 🔍
Bezos’ Billionaire Interview Insights 🔍
Join us on the journey to financial independence.
Renaissance Man
December 22, 2023
Read time 5 minutes
Welcome back to another week with Renaissance. The newsletter equivalent of your inappropriate rich uncle who at Christmas slips you money in a handshake like a drug dealer. 👀 Happy holidays, Renaissance family!🎄🥗❄️
Today at a Glance:
Bezos’ Billionaire AdviceMemecoin Millionaire Mooners For 2024A 2023 Classic - How To Social Arbitrage Trade Your Way To Being A MillionaireThe Renaissance Over-Under
Business, Money Markets & Financial News
The Big Takeaways From The Interview Of The Year (Apart From Will Smith’s Apology Video👀…) - Jeff Bezos & Lex Fridman
Let me save you 2hrs and spoon feed you the knowledge and insights. 🤟
His morning routine - Puttering. Coffee. Gym. Work.
1. Get up early naturally
2. Putter (slowly move around, read phone, read newspapers, let the mind wander, not as productive as you'd think...)
3. Chat with Laura and first cup of coffee
4. Gym
5. Work
You don’t rise to the level of your goals; you fall to the level of your systems.
Bezos has a system that works for him - sort your morning out for 2024!
Decision-making framework
This was actually greatttt from ole’ Jeff - one-way & two-way doors.
Two-way door decisions are reversible, and if the decision turns out wrong, one can still come back in and pick another door. These can be made by individuals and small teams and should be trusted and delegated!
One-way decisions are irreversible, highly consequential, and really need deliberate and careful thought. These need to sit with you, the founder, the manager, the trader. Senior management needs to spend as much of their time as possible on one-way decisions!
The top 8 quotes / advice / insights
1. "We humans are not really truth-seeking animals. We are social animals...[Truths] don’t want to be heard because important truths can be uncomfortable, they can be awkward, they can be exhausting. You have to seek truth even when it’s uncomfortable, and you have to get people’s attention"
2. "When the data and the anecdotes disagree, the anecdotes are usually right.…..go examine the data because it’s usually not that the data is being miscollected, it’s usually that you’re not measuring the right thing."
3. Irrational optimism lets you start a business. Emotionless pragmatism lets you succeed in business.
4. PowerPoints are terrible meeting tools. They are meant for persuasion & selling vs. problem-solving & truth-finding.
5. “Be stubborn on vision, but flexible on details”
6. Product building and design: think about your business via things that will not change in the next 10 years. i.e. amazon customers will always want low prices and fast delivery. And that’s what you work on.
7. He’s a big fan of compromise, which is a great sign of ego-less leadership. The advantage is that it reduces energy usage and the back and forth, allowing to get decisions and work done much faster and this is vastly underrated!
8. He looks suspiciously like Dr Evil……
LITTLE BITS 😎
The classic Will Ferrell clip…if you want a laugh this is for you! https://www.youtube.com/watch?v=IHEc66d08YU
The Jeff Bezos and Lex Fridman 2 hour interview in full if you want more! (and all my hard work was for NOTHING)!🙄 https://www.youtube.com/watch?v=DcWqzZ3I2cY&pp=ygUWamVmZiBiZXpvcyBsZXggZnJpZG1hbg%3D%3D
Friendly reminder to go revoke your wallet’s approvals for dapps! People have lost bored apes ....this is also bullish AF for NFTs. You wouldn’t steal something that has losing value. 😉
Adobe backs out of its $20B agreement to buy Figma, ouchhhh, Merry Christmas. Design your way out of that one!
NOSTALGIA OF THE DAY
Elvis reads his draft notice in front of a Christmas tree, December, 1957.
Crypto Market & NFT News
Renaissance’s Rare Memecoin GEMs To Make You A Millionaire In 2024 - Our Christmas Gift To You 🎁👀
‘Created in the last 12 minutes, on Solana, $2k market cap, 17 owners, anonymous developers, no socials’
If you missed it Solana memecoins have been on a rip lately! 📈 And we’re Eth maxis here, and because of that bias we’ve missed out on a lot of money this week…..millions in fact. Millions…….😢
Anyway, our resolution for 2024 is to not lose money over missing life changing opportunities, you win in the aggregate in crypto!
And to do that we’re branching out to plays on other chains for when the momentum and narrative moves over.
When the main chain runs, so do its top memes and every dog has his day…… $BONK just ripped massively to hit a bigger high than what $PEPE did! And it’s maybe a year or so old and was originally airdropped to Solana devs. That airdrop alone is now worth over $500k!
$100 into these plays is like idiots insurance for your portfolio 👇
So our mission for 2024 is to branch out, and find the memecoin plays that we think will one day have their day in the sun. And when they do - it can return millions, and I’d rather be holding these small moon-shot bets instead of saying ‘ah longshot never mind’. Buy them and put them in the drawer and forget about them until you see the news that you’re rich!
In no particular order:
1. Memes on $INJ
$BONK had a relentless run.
$INJ is a new cosmos chain up 40x this year.
Which ever memecoin is the top one will run like BONK.
No Centralised Exchange has listed any $INJ memecoins yet. You have to buy on chain.
You cannot be earlier than now.
And there's a clear winner on INJ at the moment. $NINJA or $KIRA… although I feel the real winner is still to be launched….
2. $NEKO
$NEKO is a memecoin on NEAR. We’ve seen the L1s pump massively, SOL and AVAX, now INJ! The next is clearly clearlyyyy NEAR to pump, easy trade is to load up on NEAR for all of 2024 and you can stop there, it’s already starting to pump. It’s already breaking out….
If NEAR follows this pattern in 2024 and its ecosystem picks up some attention (or you think one day NEAR will have its day), we’ve bought the first memecoin ever on NEAR, $NEKO!
3. $GROK
Okay, this one we all know lately! The Elon Musk narrative and his version of ChatGPT makes it a contender as it will constantly come up in the future with AI news!
But the volume will fall away as attention moves elsewhere, and that’s when we want to buy it up for the future AI and Elon news!
It has the brand, is linked to Elon and has the staying power. It will have another day in the sun in the future…
$GROK right now is $SHIB in 2020.
The big green candle will come. And big whale wallets have been buying up $90k worth of $GROK! Worth the gamble!
4. $POPCAT
$POPCAT, the top cat memecoin on Solana, is running hard, and I have a feeling that we’ll see some staying power with this coin (or another cat related coin). The dog narrative is played through and is expected, but this could track well with the Solana chain ripping!
5. $TOSHI
The cat’s meow on the Base chain ecosystem (Coinbase’s chain), and it’s also playing on the cat and multichain themes - this could do it!
6. $SHIB and $BONK
Okay they’re obviously the big players in the dog memecoins space, and they’re billion dollar caps. $SHIB - will it have another day in the sun based of big news? I actually believe so, they’re burning a lot of $SHIB to bump the price up and also delivering on a roadmap for their metaverse! And I also believe $BONK will be a buy when it crashes in 6 weeks, buy it all up once it falls out of focus.
7. $NOLA
The cat and first proper memecoin on Arbitrum.
8. Fantom chain
After NEAR, this is my next choice for a chain to pump. It’s a historic chain for steep inflows and outflows of capital and I believe it will also have its day in the future. We’re deep diving for memecoins and the OGs on this chain! Keep your eyes on it for the breakout, move first and buy up the memes!
9. $SAMO
One of the OG dog coins on Solana to teach and onboard people. It’s older than $BONK and might just have its time…https://samoyedcoin.com/
This is just the beginning of our stocking full of memecoin mooners 🌔- something’s gonna happen!
And as the year comes close to a close we thought we’d revisit and highlight one of our most liked articles throughout the year. I know we’ve gained a lot of you guys since then so not everyone got to catch it the first time!
Here’s a classic from our June 30th 2023 issue. And we’ve seen Abercrombie run another 150% since then! More of this will be in the New Year, enjoy the holidays Renaissance fam!
How To Social Arbitrage Trade Your Way To Being A Millionaire 👫 📈
- Money is a game of doubles. Chances are you’ve got $1000, but that $1000 is 10 doubles away from a million……….so how do you get the doubles I hear you ask? If only if only…….enter social arbitrage trading. 👀
- What is it? Social arbitrage investing is getting your money into stocks that will benefit from a new social trend, or change in people’s thinking before Wall Street analysts even understand what you’re talking about. There are many famous solo investors who use this strategy and have turned 10K into 21 million!
- You can’t learn this from a chart and you can’t beat it with technical analysis. All you have to be is a normal and smart human. This is your edge over hedge funds who are so out of touch with people and social media, they never see this coming.
⚡ In a nutshell:
1) Find the social or pop culture change,
2) Do your research on what companies could benefit from this change,
3) Check to see if it’s already been priced in from an earnings call or by analysts,
4) If not - then you’ve got yourself a social arbitrage trade - where you know the trend, how to profit, and you can get in early. 🎆
- But because we’re so good to you at Renaissance we’ll show you a case study of one of ours for free!
Identify the social change & trend around you ⚡
- Unless you’re a reclusive analyst in your basement, you’ll have noticed the meteoric rise in this ‘old money aesthetic’ style. Urban outfits have taken a decline and anything that can facilitate this old money look will kill it!
- It’s some Sherlock Holmes shit, you see but you don’t perceive….…I’m sure you’ve seen videos and images like this on Insta and TikTok etc. The trend has emerged that only the socially adept will catch first. ✅
Validate the trend - get metrics to see just how big it is! ⚡
- Anyone can get on google trends or something similar to measure a site’s traffic. This is how you go from seeing an early social media trend to seeing the number of likes and views to gauge the social sentiment. Back that up with some solid trend lines and you know you’re probably early to catching the wave.
Find your company that can benefit from the trend ⚡
- You have your trend now. You’ve got validated social data and numbers. Now where is all this traffic and interest going to pile up to a bunch of dollars??
- You’ve got to think of a public company that you think will benefit from this and then validate your bright idea, making sure you’re early to the party and the fireworks didn’t go off 1 or 2 earnings reports ago! 🎇
- Weirdddd we know……old money doesn’t scream this brand, but public companies in this field are limited, and Ralph Lauren etc. are so closely watched by analysts you probably wouldn’t get the opportunity on them!
- But, Abercrombie is not the cancelled giant you remember it being! In fact it’s reinvented itself the last few years, made cuts to have great margins, and most importantly - started selling cheaper alternatives to this old money look and is included in most of the clothing tips videos on Insta and TikTok!
Is Abercrombie coming back?
- “In 2021, its operating margin was the highest it had been in over a decade, and in the third quarter of 2022, net sales for the brand had increased by 10 percent compared to the same time the year before. All that to say, the brand is back with a vengeance — and better than ever.”
- More importantly, most of its items related to this trend were completely sold out online - giving a sharp demand signal on the back of their profitability!
How to validate the trend with the stock - by the numbers 🤓
- This is probably the most important bit! This is the bit that’s make or break for the trade and to make sure you’re onto a winner that’s not priced in already.
- Get your investigator hat on for this bit and hit the streets! Noice.
- You have to be analytical at this stage and get your raw data from the source - what does that mean??
- ⚡ Study the stock price after earnings calls and get feedback from both the markets and analysts.
- ⚡ Walk into as many of the stores in person as you can. On the website see what items are out of stock and in how many locations. How many trucks for deliveries are coming and going? Find out the footfall and average order value for customers.
- ⚡ Talk to employees about their day and what they’ve seen - they don’t even know they’re holding all the valuable information!
- ⚡ Talk to customers and people in the target demographic to understand if they’re buying.
- ⚡ If you really want to get into the weeds you can find out where the items are made and talk to manufacturers and employees. Get creative - all the raw data and information doesn’t change, it’s there for you to see like anyone else. And the sooner you do that before everyone else the better the trade will be!
Speed to entry ⚡
- Once you have your trend, stats, company and conviction - you have to enter the trade as soon as possible. Do not delay. Being early in social arbitrage trading is everything, if you hesitate you’ll miss the window to make the gains that make the strategy worthwhile!
- In this scenario depending on your risk and portfolio size you should be placing between 5-25% of your entire portfolio on these trades for the strategy to best pay off.
- Therefore the number of trades per year are small but they’re well researched. Call us Miguel cause we’re looking for a sure thing! Not dicey speculation or technical analysis.
- The beauty of this strategy is that anyone can actually do it if they’re social and in tune with society more than they are with the markets. It has nothing to do with debt, P/E ratios, nothing but sentiment and trends leading to a bigger number of sales!
- And sure enough……..at the earnings call Abercrombie smashed their targets set by Wall Street. 😎
- And the real kicker that’s making this all the more likely is the Lipstick Index - Alexa, what’s the Lipstick Index? 👇 (and hint hint, it’s linked to a lot more consumer goods than just lipstick)
“term coined by Leonard Lauder, chairman of the board of Estee Lauder, used to describe increased sales of cosmetics during the early 2000s recession. Lauder made the claim that lipstick sales could be an economic indicator, in that purchases of cosmetics – lipstick in particular – tend to be inversely correlated to economic health. The speculation was that women substitute lipstick for more expensive purchases like dresses and shoes in times of economic distress.”
- The next big play we’re looking at….. Crocs! Again weird, but could be great. If you want more examples of social arbitrage investing see the link below:
Meme of the Day
