You may have noticed a slight tweak to the Tao of Pete newsletter. That’s right, I’ve moved from Substack to Beehiiv.

And you may have noticed that it’s just my newsletter. Plain old Pete. I haven’t abandoned the Tao. Quite the contrary. If I have to tell you about the Tao, am I really observing it? I will continue to read it, learn from it, and post verses long enough to fit in a Twitter post.

This evolution is the essence of wu wei, or “not forcing”. I don’t intend to regurgitate the news in these pages. And while I…


The week before last I added UiPath ( PATH) to the ToP Portfolio. Last Sunday I said I’d write about it in this Sunday’s letter.

I never had a chance. My stop loss got triggered almost immediately.

I’m not angry. I’m still a big fan of all things AI, but both of my pure(ish?) play AI stocks have shit the bed. (UiPath and Things have turned out much better with traditional companies using AI for competitive advantage, (Domino’s, Intuit) but new duties and responsibilities have resulted in less time to research adequately.

How do you keep investing in individual…

I’m a week in with Howard and the crew at Social Leverage. It’s been, in a word, fantastic. There’s an old African proverb that says, if you want to go fast, go alone; but if you want to go far, go together. And that’s the feeling at Social Leverage. We’ll all go farther together.

I’ve added UiPath ( PATH) to the ToP Portfolio. More on that next week though. This week it’s the NFTy50. Yes, I’ve fallen deeper down the NFT rabbit hole.

OK, Boomer.

If you’re not driving your father’s Oldsmobile, or maybe grandpa’s, a history lesson: The original

I have an exciting announcement! (Yes, I know I say that every week, but this time it’s for real.) I’m now working for Social Leverage. What will I be doing? Media.

What does this mean for Tao of Pete? Founder in Focus interviews will be going to Social Leverage. Mindful of conflicts of interests between competing VC and startups, ToP Sundays will focus on publicly traded companies moving forward. Maybe crypto, but definitely NFTs!

Speaking of NFTs

OpenSea is the first NFT marketplace to surpass $1 billion per month in trading volume. Volume increased 286 percent from July to August.

The ‘metaverse’ is popping up everywhere nowadays. It’s being embraced by some rather large players, to include Howard Lindzon, who recently changed his twitter handle to “ Metaverse Lindzon

But what exactly is the metaverse? We’ll go to Wikipedia for a standard definition:

The Metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet. …

I really couldn’t help myself. I’ve been been obsessed with the concept financial “raccoons”. Anywhere there’s a buck to be made, they show up. Call it what you will; The Flippening, The Great Reshuffle, even The Golden Age — what better tribute to the times we find ourselves in than a Crypto Raccoon NFT?

I first learned the term from Ben Hunt on Howard Lindzon’s Panic with Friends podcast. Ben has a specific definition for defi charlatans: raccoons. They’re the enemy. They’re not like foxes or coyotes. They steal and kill just for the sheer sport of it. It’s just…

I’m running out of runway today, but I wanted to get this out before leaving town:

Paraphrasing Raul Pal on Panic with Howard: The crypto space is growing at over…

As I embrace the golden age of the retail investor, I’m pretty comfortable with stocks. The tealeaves of charts fascinate me, but I’m more of a ‘current value of future cash flows in perpetuity’ kind of investor. It’s probably universally accepted you can make money in stocks from a variety of ways though. Crypto, on the other hand, scares me. But I see it’s the future, and I’m always thirsty for more. Is it a store of value? A commodity? Digital money? All of these?

In an effort to learn more, one of the leaders I look to is Howard…

Earlier in the year I minted an MP4 NFT. It seemed to be all the rage in January of 2021. I wanted to understand how it all works.

Interest waned. But now I’m back, to let you know… or something like that. For better or worse, they’re not going away. Besides, it’s kind of fun.

It’s definitely an asset class which will appeal to the Retail Investor. I’m certainly more comfortable with stocks, yet there’s something alluring about the digital economy. For me, the best way is to learn by doing.

Let’s review a working definition of what NFTs are:

Howard Lindzon recently spoke with his good friend Yoni Assia of eToro on the Panic with Friends podcast. As many finance conversations do, this one eventually turned to the legendary Oracle of Omaha.

Yoni tells the story: Picture an intimate gathering of four crypto evangelists sitting around the table trying to convince Warren Buffet that there’s value in bitcoin. The mission, needless to say, was unsuccessful.

Naturally, Howard went straight TMZ querying Yoni on rumors of poor hygiene. Yoni gleaned something much more important: The value of investing in the stock market and how strongly Buffett believes it’s simple to…

Pete Weishaupt

Twitter: @peteweishaupt Website:

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