Day Trading is Toxic — and it’s not because you might lose money.

You might lose more than your money — my experience trading GME, AMC, and Doge.

Set and forget.

This philosophy has always underpinned my approach to investing, and it’s why I tend to focus on long-term assets. Most of my money goes towards safe-ish index funds with modest but reliable compounding returns, and I invest a small percentage in highly risky, speculative bets such as early-stage startups.

This ‘barbell strategy’ — a term coined by author Nassim Taleb — has served me reasonably well to date, not just when it comes to my finances, but also when it comes to my time, energy and attention. I typically have very little to do once I’ve made these investments, other than check in on how they’re going every quarter or so.

This compares favorably to, say, residential real estate investing, where one might have to deal with the endless burden of dealing with builders, tenants, maintenance requests, and bills.

The GameStop Saga

As a creator — someone who writes books and articles, and creates podcast episodes — it’s imperative that I can cultivate the ability to focus on one thing for extended periods of time (e.g. writing) in order to do my…