3
House Money (substack.com)

This one resonated a lot with me. First, re: house money effect. I definitely felt this once I made some good returns in the last bull run. It felt like a big part of the 2021-2022 NFT craze was because everyone made such a big return on ETH and DeFi. IMO, this is also why SOL is so big on memecoins during this bull run. People bought SOL for $15 during the bottom, made 10X, and are now spending like crazy. Re: time perspective. This was my approach when I was in college. Since I was a kid, everyone told me that university would be the best time of my life, so I tried to squeeze it like a lemon. It came at the expense of doing fewer internships, which meant it was harder to find a job after school, but it was definitely worth it. Then, when I started my career, I optimized for doing stuff I found interesting. There has never been a significant overlap between my interests and making tons of money. But although things I did were often hard, I was practically never bored. And I think eventually working in crypto could be my ikigai, where I can do stuff I find interesting and make real money. BTW there's a good complimentary essay from WBW about the passing time: https://waitbutwhy.com/2015/12/the-tail-end.html