India’s birth rate has fallen below replacement. Among those most educated, India’s birth rate fell below replacement many years ago.

DEX aggregator volume is up 104% this week, with @Solana leading. Jupiter and DFlow, the two biggest DEX aggregators on Solana, led the move: @JupiterExchange: $7.15B, 109% @dflow: $1.88B, 102% The flow is moving onto Solana.

Investor Mohnish Pabrai on why being in a hurry to get rich is the fastest way to stay poor: Pabrai recounts a story about Warren Buffett, his partner Charlie Munger, and their associate Rick Guerin. The difference between them came down to one thing: urgency. "Charlie and I always knew we were going to be rich, but we were not in a hurry," Buffett told Pabrai. "And Rick was in a hurry." That hurry showed up in how Guerin invested. According to Pabrai, Buffett explained that Rick was always levered, always carrying margin loans. Then came the test. "When the downturn of 73 and 74 came," Pabrai recalls, "73, 74 was a very severe stock market correction. It was a crash in slow motion. Basically the markets went down more than 50% over that 2-year period." For an investor carrying margin loans, a drop like that is devastating. Guerin got a number of margin calls and was forced to sell. "Warren said that he bought Rick's Berkshire shares from him for 40 bucks a share," Pabrai explains. "I mean those shares are over 700,000 now, right?" The same shares Guerin sold under pressure for $40 each are worth over $700,000 today. @MohnishPabrai closes with the timeless principle Buffett drew from it: "If you are even a slightly above average investor and spend less than you earn and do not use leverage, you can't help but get rich over [time]." The lesson isn't that you need to be a genius. You just need to stay in the game long enough for your investments to grow. Being in a hurry is what forces you to sell at the worst possible moment, and selling at the worst possible moment is how you lose. Patience is the edge that almost guarantees you win.

Price gets the attention. Liquidity keeps the ecosystem alive. Join us for Part 3 as we discuss LP Bonds, NFTs, and the reality of DeFi liquidity. x.com/i/spaces/1PKqrrrqlgAGb

Investing is the ultimate mind game. You need a win, even a small win, in the portfolio every so often to keep your self-confidence. If you’re struggling stop yourself from getting super concentrated into fewer positions. This is how stock pickers go extinct. Do the opposite - add a position or two to give you more chances at getting a hit to mentally stay in the game.