Speculation is Entertainment

Pete Weishaupt
2 min readNov 26, 2021


Learn by Doing, or Mimetic Desire?

I get my investing insights from Howard Lindzon. He gets some of his from Fred Wilson, along with Chris Dixon and Yoni Assia, to name a few. Earlier this year, Howard observed what he called “ The Flippening “; where crypto assets took over the bulk of many portfolios. “Due to gains (not realized) in crypto in just the last year I have more capital in crypto and tokens and funds than I do in the stock market.” says Howard. “More importantly, I think that will continue for my lifetime. Software did indeed eat the world now that it has eaten the actual markets.” At the time, I’d built a small portfolio in public equities, but I hesitated on crypto. I could have been early in Solana. This moves us to where I’m at today:

Yes, I did get the inside scoop on trading public equities from Howard. No, I’m not sharing it since this blog is for entertainment purposes only. Broadly, you could call it ‘trend following’, but the gist of it is “Learn by doing.” I also share my trades on Twitter and StockTwits.

Since I’m learning by doing, (or maybe it’s just mimetic desire?) I decided to fire up the Coinbase account and entertain myself with crypto assets as well. Howard’s Sunday reads pointed me to a post by Fred Wilson, “ Buying Crypto Assets “. Fred’s advice: “open a Coinbase account and buy a diverse set of crypto assets.” I’ve picked up Bitcoin, Ethereum, and Solana. I’m delving into Defi protocols, storage protocols, layer two protocols, and some gaming assets. Still on the fence about NFTs though.

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. I have a disclosure policy.

Originally published at https://peteweishaupt.beehiiv.com.