Rushil's 2 Cents
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Hey Pal, 

Subscriber pals are split between long—information dense Vs. short and sweet. We'll see how it goes overtime.

Your weekly dose of 5 In's:
 

Insight - Avoid Sunk Costs

A sunk cost is sticking with something bound to fail.

The blood, sweat, and tears poured into a project make it harder to step away from it. It's like a captain sinking with their ship. They’re too invested in it and that investment–the one that makes you sink–is a sunk cost.
 

Investing - My Portfolio Update
 

• 30% cash

• 48% bitcoin

• 31% tech ETFs (currenly struggling)

• 1% defi tokens 

• I believe Bitcoin is the best inflation hedge 

• The cash is my bitcoin hedge (in case I'm wrong)

• The ETF's are my cash hedge

• The DeFi tokens are just for fun 

“I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches—representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all. 

Under those rules, you’d really think carefully about what you did and you’d be forced to load up on what you’d really thought about. So you’d do so much better.”

Innovation -  Pay Attention To Gas

It costs a lot to participate in Decentralized Finance. If you play the DeFi game, you've probably heard of "gas".

Gas is a fee you pay to trigger DeFi code stored on the Ethereum blockchain. It's like a ticket price you pay to enter the carnival. Gas is the ticket for DeFi and it's extremely high.
 

Ethereum claims that gas keeps the network more secure. They've gone from a "proof-of-work" blockchain to a "proof-of-stake". It's less secure, so gas prevents attackers from spamming the network.

For context, I tried investing $200 in a specific DeFi token. The gas fee alone ended up being ~$40. Pay attention to gas or you’ll pay a high price. 

I'll discuss both proof-of-work Vs. proof-of-stake next week.

Internet - "President Kamala Harris"

This should've been on In-sight:
 

My new Amazon purchase:

Inbox - Convince Me Otherwise

I need to be proven wrong so I can change my mind before it's too late. 

Reply and convince me otherwise:

Why shouldn't I treat Bitcoin like the S&P500 and dollar cost average every dip I see?

Rushil's Stamp Of Approval:

This week's recommendations:
 

• Blog I've been reading: Only The Novice Competes  by Kapil Gupta. If you want to know the truth, here it is:

• Show I've been watching: Formula 1: Drive To Survive docuseries. Really well produced and exciting to watch. I'm now a Formula 1 fan and will be keeping up with the sport this season.  9/10

• Movie I watched:  Hichki is Bollywood movie that I watched with my parents this week. It's about education, teaching, learning, and wealth inequality. If you haven't watched a Bollywood movie, this is a good representation of what it's like. 9/10

Let me know your thoughts about the newsletter.

I read + respond to every reply. 

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Connect with me on Twitter @rushil2cents because I’m a funny guy:

I haven't tweeted in awhile, may have to start shitposting. 420 follows is the aim of the game:

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Calvin Comic Of The Week:

Otherwise known as confirmation bias:
 

Avoid sunk costs as all costs,