Charlie – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 11 Sep 2025 09:07:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Charlie – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Charlie Kirk shooting: Conservative activist’s killing is crisis for democracy https://earlybirdsinvest.com/charlie-kirk-shooting-conservative-activists-killing-is-crisis-for-democracy/ https://earlybirdsinvest.com/charlie-kirk-shooting-conservative-activists-killing-is-crisis-for-democracy/#respond Thu, 11 Sep 2025 09:07:31 +0000 https://earlybirdsinvest.com/charlie-kirk-shooting-conservative-activists-killing-is-crisis-for-democracy/

Charlie Kirk, one of America’s leading conservative activists and a close friend of President Donald Trump’s son Don Jr., has been murdered. We do not yet know who did it, or why. We do not know how the Trump administration will respond.

What we do know, however, is that there are good reasons to be afraid.

When a prominent political figure is assassinated, the very foundations of democracy come under attack. Democratic politics is, at its heart, a system for containing political violence: a system for resolving the inevitable deep disagreements between citizens without anyone resorting to bloodshed. It works when all major factions believe that the others are committed to following the rules of the peaceful political game; when that belief erodes, it breaks down.

In the past, the American democratic consensus has been strong enough to survive assassination attempts. Some, like the murder of Martin Luther King Jr., tested its bonds but didn’t break them. Others, like the assassination of John F. Kennedy Jr., may actually have strengthened them by creating a sense of shared grief and solidarity.

But now the American political system is crumbling, and many of its tools for containing political violence lie shattered. This probably will not be the event to break America, but we have to consider the possibility that it may be.

Our democratic decline has progressed considerably in the past year.

The democratic compact today is undeniably weak. The two major parties and their supporters increasingly see each other not as partners, but existential threats to one another’s way of life. Political scientists Lilliana Mason and Nathan Kalmoe have shown that, while few Americans outright support political murder, a growing fringe in both parties have become open to using violence against their partisan enemies.

Under conditions of extreme polarization, when the guardrails of mutual democratic toleration are blown to bits, it is all too easy to see how things could spiral out of control. Leading right-wing figures are not only already prematurely blaming the attack on “the Democrat party,” but also calling for law enforcement crackdowns on liberals and leftists as a group. If Trump acts on these calls, it would further damage the democratic respect that stands between us and the abyss. Future rounds of political violence would become increasingly more likely. Violent breakdown of the democratic order would loom.

How likely is any of that? I’m not sure.

Think back to when Trump was shot on the campaign trail last summer. Nearly everything that I’ve just said about the fraying of the democratic order was true then, right down to top Trump allies immediately, and without evidence, blaming the left. Yet the assassination attempt did not inspire a wave of attacks, nor did it imperil the democratic process.

Something similar could happen this time around too. There may be neither copycat nor retaliatory attacks, and the Trump administration may not ultimately use this as a justification to crack down on its political enemies. This would fit a historical pattern: As the political scientist Dan Trombly points out, America has long had much lower levels of political violence than you’d expect given the prevalence of guns and deep partisan animosities.

But I also think it’s undeniable that our odds of something going wrong are worse now than they were last year.

This is partly because we’re dealing with an assassination — a horrific murder — rather than a near miss. It’s partly because we do not yet know the shooter’s identity: Had the Trump shooter been clearly politically motivated, 2024 could have gone much worse than it did.

But it’s also because our democratic decline has progressed considerably in the past year.

It is undeniably true that Trump has undermined the nonpartisan structure of the American state, concentrating power in his own hands — including over law enforcement and the military. Democrats have, as result, become increasingly less confident that the democracy will survive his presidency — that they can trust Republicans to abide by the rules of the game. There has never, January 6 included, been a more dire moment for the modern American republic than the second Trump administration.

So I cannot be confident that things will turn out the way they did last summer. It is possible that they do. Under normal circumstances, I would be confident that they will.

But I cannot be. Our system is too decayed, too shot through with mutual distrust, to count on democratic faith to get us out of this one.

]]> https://earlybirdsinvest.com/charlie-kirk-shooting-conservative-activists-killing-is-crisis-for-democracy/feed/ 0 57872 8 Charlie Munger Quotes for Investors Through This Bitcoin Price Retreat https://earlybirdsinvest.com/8-charlie-munger-quotes-for-investors-through-this-bitcoin-price-retreat/ https://earlybirdsinvest.com/8-charlie-munger-quotes-for-investors-through-this-bitcoin-price-retreat/#respond Sun, 13 Apr 2025 00:58:07 +0000 https://earlybirdsinvest.com/8-charlie-munger-quotes-for-investors-through-this-bitcoin-price-retreat/

Even though he has given no new interviews or made any major new investments from beyond the grave, Munger made the news again this week for his amazing work ethic and sound investment advice.

An article that appeared on CNBC reprised an old Munger quote that investors who can’t handle bear markets “deserve the mediocre result” they are likely to get.

Bitcoin Investors See Opportunity Ahead

The article related another bit of sage wisdom from Warren Buffett’s long-time business partner:

“Real opportunities that come to you are few… Most people just get a few times when they can make a huge difference by seizing a huge activity.”

Many individual investors today believe that for them that opportunity is Bitcoin.

Although Munger himself was very skeptical of Bitcoin and cryptocurrencies, BTC investors can apply his principled and disciplined thinking to crypto markets.

With Bitcoin’s price down by 27% in April since its Jan. 20 all-time high above $109,000, these selected quotes from Mr. Munger may be as timely as ever.

1. Sorting Out Market ‘FOMO’ and ‘FUD’

During times of rapid adjustments to market prices, social media can fill investors with FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt).

While Crypto X is a source of timely information and sentiment about market prices for Bitcoin and other volume currencies, it can be an environment with a high noise-to-signal ratio.

Charlie Munger said:

“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.”

Crypto market posts that make extreme claims without evidence, arguments that contradict common sense, and that stoke feelings without providing additional information add to the noise.

What set Berkshire Hathaway’s profits so far ahead of the stock market’s average gains was Buffett and Munger viewed Wall Street as a social media platform full of noise.

Instead of setting up shop in Manhattan to bask in the echo chamber, these two spent their time far away from that noise reading the news and financial reports:

“In my whole life, I have known no wise people… who didn’t read all the time… You’d be amazed at how much Warren reads, at how much I read.”

Rather than let their emotions bounce up and down with the crowd, these two extraordinary investors worked to stay informed and make investing decisions scientifically based on the correct math over the relevant factors in their investments.

2. Bitcoin’s Price in This Bear Market

Some market participants panicked as Bitcoin’s price fell by a third from its historic record high price level in January.

“The market sentiment is full of uncertainty at the moment,” wrote Australian crypto exchange GroveX in a note on Apr. 8.

Individual investors using Internet cryptocurrency exchanges and Wall Street investors using ETF funds dumped Bitcoin as well as stocks in a selling frenzy as Trump got to work measuring out tariffs on foreign imports.

But Munger contends that following the crowd can lead to average results instead of outstanding performance:

“Mimicking the herd invites regression to the mean (merely average performance)… Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.”

Instead of following the crowd, Munger recommends investors do their own research, run the math, and follow the graph:

“Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It’s called the graph.”

3. Bitcoin Macro Hedge Fundamentals

In addition to Bitcoin’s current and recent price data, as well as its overall trend, there is the fundamental analysis of its network activity in relation to its price to consider.

Charlie Munger and his partner, Warren Buffett, both liked to say:

“I didn’t get to where I am by going after mediocre opportunities.”

For over a decade now, in the world of currency investing, Bitcoin has been the most outstanding opportunity in terms of its novel design and function and its market returns.

Bitcoin continues to signal its growing fundamental value with the ongoing massive expansion of the BTC mining network that secures all of its accounts and transactions.

Because of the rapid pace of Bitcoin’s mass global adoption, MicroStrategy’s founder, Michael Saylor, has found outsized success in buying and holding BTC without selling during peaks or bear markets.

Even if he never messed around with cryptocurrency, that investing strategy itself is right out of Charlie Munger’s playbook:

“The big money is not in the buying and the selling but in the waiting.”

Munger’s two largest positions that he bought and sat on patiently to build magnificent wealth were both in finance businesses like Bitcoin: Wells Fargo and Bank of America.

4. Altseason and Picking Altcoin ‘Gems’

During bear markets is when some of the altcoins with the most potential really shine. But it’s not necessary for the beginning crypto investor to bite off more than they can chew.

Bitcoin is simple enough that Saylor built a market-leading strategy around aggressively buying and holding it. That’s in line with how Munger thought about his investments in stocks:

“It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.”

But for those intermediate and advanced Bitcoin investors seeking opportunities with a higher risk-reward profile, long-term valuations for the top ten or so cryptocurrencies by market capitalization have plenty of factors worth investigating.

Munger says:

“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.”

PS: These 8 Warren Buffett quotes are rocket fuel for Bitcoin’s price today.

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