1 on Health 🏃🏻♀️🏃🏼♂️ — Consumer Wellness Market
The emerging age of Precision Wellness, powered by the demands of the wellness-driven consumer, is fundamentally reshaping addressable markets, spurring innovation at the intersection of traditional industries, and creating massive opportunities for emerging companies building hyperpersonlized technology, communities, and experiences that improve human health, happiness, and opportunity.
- The wellness-driven consumer is more informed, more principled, and in search of more lifestyle control than ever before
- Wellness-related spend now accounts for over 5% of global economic activity, is growing at almost 2x the rate of the broader economy
- Over 250 million people suffer from depression and anxiety and few have the holistic support
- In the United States alone, 19% of young people aged 2 to 19 years and 40% of adults have obesity, which puts them at risk for heart disease, type 2 diabetes, and cancer.
2 on Wealth 🥂🍻 Wisdom of crowds & 14 Filters for a great investment
1- Wisdom of Crowds: Alex Barrow at Macro Ops had a great tweet storm that caught my eye. Paraphrasing his tweets here, Alex says that wisdom of crowd is always collectively smarter than one person. Or as he tells a story in his tweets “60 million Frenchmen cannot be wrong”.
And like Dennis Gartman always said, markets can remain irrational longer than you and I can remain solvent. But when you think of it, it’s not the markets that are wrong or irrational. As individuals, each one of have inherent biases, that have helped us become what we are and how we think. Sometimes, we do not change with time. That leads to wrong assumptions and bad decisions. Markets, similarly, are what they are. A collective thought of each trader, each investor, each individual.
Francis Galton, a statistician, observed in 1906, that approx. 800 people in a fair tried to guess the weight of an ox. To his surprise, the avg of all the guesses was 1,197 lbs. The real weight was 1,198 lbs. Countless studies have since proven that crowd > any individual.
Alex tweets about Soros who always says, it’s KEY to know when to be a part of the “herd” (ie, follow the trend) and when to disengage & be a contrarian. You want to be a trend follower when there’s a lot of people saying “this move makes NO SENSE” and a contrarian when people are saying “this makes so much sense”. This is why a bull climbs a wall of worry & a bear falls down the stairs of hope. Trends are driven by (dis)belief. You ONLY want to be a contrarian once the tape STOPS confirming the consensus narrative.
More here in this video:
2- Terry Smith’s Owners Manual — 14 Filters For Purchasing A Great Investment — One of the investors we watch very closely here at TAM is Terry Smith, CEO at Fundsmith. We’ve recently been reading through the Fundsmith ‘Owners Manual’ which is very similar to the Berkshire Owners Manual. One of the sections in the manual covers Smith’s fourteen filters for purchasing a great investment.
3 on Wisdom 🧠🗣Limited Time, Productivity & Pain
1- Don’t Kill Time: If you’re okay with killing time, it’s not scarce enough. Time is scarce, life is short, and as the grains of sand slip through the hourglass, so does the precious gift of time. Once gone, it disappears forever. We all know these things. And yet, at work and at home, we’re so lost in a trance of distraction that killing time has become a chronic disease.
2- Peak Productivity & Focus- There is one thing that I learned in life, that has done wonders for my peak productivity — subtraction. Reducing things that I dont need, that I dont want to do, that are not my top three priorities everyday. It is a simple task, note down your top three priorities the night before and just focus on that. And they all fit into three categories — Health, Wealth and Wisdom.
James Clear has it well defined here in The Ive Lee Method.
Gradually I am removing everything that is “noise” from my life. I’ve removed everything from my life that isn’t my priority. As a result, I don’t need to think about productivity anymore. Less or no social media, TV, phone, emails, no random chats etc.
Inventor and businessman Thomas Edison on focus:
“You do something all day long, don’t you? Every one does. If you get up at seven o’clock and go to bed at eleven, you have put in sixteen good hours, and it is certain with most people, that they have been doing something all the time. They have been either walking, or reading, or writing, or thinking. The only trouble is that they do it about a great many things and I do it about one. If they took the time in question and applied it in one direction, to one object, they would succeed. Success is sure to follow such application. The trouble lies in the fact that people do not have an object, one thing, to which they stick, letting all else go. Success is the product of the severest kind of mental and physical application.”
Source: How They Succeeded
3- Dealing with Physical and Emotional Pain — Pain is inevitable. You can try your best to stay away from it all your life, but it will enter into your life with surprise. You can’t avoid pain, but knowing how to deal with it does bring some relief during its unexpected occurrences.
TOP 5 — We curated the best so that you don’t have to
- Move over Alibaba, here comes TikTok’s ‘live’ shopping — TikTok is experimenting with ‘live commerce,’ TikTok-sized infomercials. In true TikTok fashion, the purported scale is absolutely enormous: it’s “projected to become a 961 billion yuan ($135 billion) industry this year. TikTok’s product is almost perfectly designed for this model: an algorithmic feed can slowly guide viewers from entertainment to demand-generation to the infomercial itself, then close the sale.
- Elon Musk invites users to test Starlink space internet The SpaceX CEO now has 500 satellites orbiting earth, and is primed for internet broadband trials this summer.
- My Ikigai 2.0 — A Detailed Personal Ikigai Example of How to Find Your Life Purpose
- PayPal, Venmo to Roll Out Crypto Buying and Selling
- David Stockman On What Could Happen If The Fed Loses Control — David Stockman: They are chasing their tail, faster and faster. The more they expand their balance sheet, thereby injecting into the bond pits a massive artificial bid for governments, corporates, munis, commercial paper and junk, the lower the yields go, and the demand for more debt becomes greater.
Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. This post is for reference only. It will not help you to “lambo” or “moon” or any other euphemism for unhinged speculation. It should help you to supplement your own analysis of the markets.