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Episode 63: Norman Hamilton on the Crypto Game, Corporate Arbitrage & Tough Love!
Description
Norman Hamilton, 24, co-founder of Comfy Living LLC, shares how crypto changed his work ethic and why he drove from Houston to Dallas at 8 PM to clean a unit until 4 AM when a backup cleaner failed. He breaks down the investor model that lets him scale arbitrages without using his own capital - 70/30 split until the investor recoups, then flipping to 30/70 - and explains why most of the 2,000+ cryptocurrencies will die in hyper-competition while projects like Bitcoin survive as sound money.
Norman covers corporate housing margins in Dallas and Houston, Austrian versus Keynesian economics, why inflation forces you to invest or watch your savings decay, the coming real estate crash he plans to exploit, and why social media is the most underpriced marketing tool in real estate. He also explains blockchain as a database, Bitcoin's 21 million coin cap, and why fear of being judged kept him from arbitraging in New Jersey until he matured.
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