Observation: for about 3 weeks I’ve been like a rabbit in headlights, frozen almost, fearful, as the Bitcoin price plummeted. Only now am I managing to wrestle back control of myself, and start to think rationally. Huge lessons being dished out by the bear mkt of Q1 2026… No hedge No backup plan No cashflow forecast No cash reserve No tracking of historical spending Sitting on a five bagger of uncrystalised gains for over a year, made me complacent, and I fell for the hopium of higher prices. 150/175/250/even the 400k that was banded around. I ignored my own advice. Classic ego move. I thought I knew better. I ignored warning signs. SCombined with shame as things went the wrong way Ahead I have commitments - Fixed capex in a renovation - Monthly expenses - Holiday bookings All of which just got a lot more expensive in Bitcoin terms Ouch Panic stations even Thankfully I’ve mellowed out. The situation is my fault. Avoidable. Yes. But reality. And mine to navigate. Your vision is to be a “word class investor” of humanistic, intellectual, and financial capital, figure it out Jake! I think the best part: all these failures, are areas I was wrong, and that I can work on for the future. The next time my net assets are 60% higher from here, I know exactly what I’ll do Reallocate to: - cashflow - cash reserves - cap growth - speculative - cap protection Ultimately I am grateful for these mistakes. Through failure we learn. Indeed, yes it’s at a cost to the balance sheet, but these lessons are a form of intellectual capital I am better for it The cost now, will actually make me far more financial capital in the future Lastly. Beyond blessed with my wife. I’ve made too many mistakes to list here, against her intuition. I was wrong. I will do better Onwards friends 💪🏻

Financial Engineering and The Four-Year Cycle - Caleb (JWP 115) npub1m7g4p6xdh9jf4ghjyvs8ks5l594j9aauhg3crdq98tpkxjezfvfsdvm0wr Learn a unique investment strategy from Caleb that combines traditional finance expertise with Bitcoin, plus how to generate cash flow and build wealth through a covered call option strategy, and explore the intersection of sound money, time preference, and personal freedom. 0:08 Caleb on Applying Covered Call Options to Bitcoin 1:40 Utilizing Traditional Skills to Build a Bitcoin Position 6:59 Financial Engineering and Investing in Bitcoin 10:32 Replicating a Bitcoin Position Through Cash Flow 12:37 Creating Income with a Pure Bitcoin Buy and Hold 21:36 Counterparty Risk in Traditional Investments 28:51 Selling Consulting and Questioning Time 35:59 Living in a Debt-Based Society 42:37 Pricing Options and the Four-Year Cycle 51:33 Stepping into Parenthood If you want to give value-4-value: Via Fountain: boosts and all streams are split 50% with the guest Via Nostr: zaps always welcome Thank you Best, Jake

"Everyone thinks they're great until they get punched in the face." Mike Tyson

Maybe this is the key as an investor: it’s ok to be down, because you’re not out 💪🏻

Everything that has happened in the last week is a gift Holes in strategy highlighted Places to improve identified Next step: Build back better Iterate Include what was missing Update yourself Nothing valuable is easy 🙏🏻

Who’s hiring atm? Need to pickup some work

Not going to lie. The last week has been very stressful This too shall pass…

I wasn’t hedged properly vs a large Bitcoin drawdown Big mistake

One of the biggest lessons from last year: if you're sitting on a 5x gain, it means nothing, if you don't "take the profit", especially if the underlieing is as volatile as Bitcoin

I am a parent I am a problem-solver I am not defined by my portfolio value

Last night, as I struggled to sleep, the only thing that actually calmed me was when I started thinking about God A higher power Whatever journey this is that I am on, as I released myself to the experience, my nervous system responded with a knowing You’ll be totally fine This to shall pass The more time that goes by, the more open I become I would never have guessed this

You are not your money

Bitcoin is 45% off it's ATH in Oct 2026 My net asset calc shows 60% off ATH in Jan 2026 Why? - Bitcoin has drawndown - I've re-allocated to RE (an expensive process) - we had higher than expected expenses last year - we had a load of fun spending some gains But today, ooft, my net asset calc is very similar to 2023, so it's gone backwards in terms of the fiat denomination Hard one to take Barely slept last night in fact So, today, I am taking action, not surrendering A new short-term plan must be made The planned renovation altered An updated strategy to keep up momentum No-one said this stuff was easy Trying to step into my better self of the future Let's go!