data junkie. RE, credit & pm. macro, sports, and 2008-9 lessons. i can't see the future and neither can you; anyone who says otherwise has something to sell.
Had a job offer at an AI startup 3 years ago, would’ve been their 10th employee. CEO called me & begged me to take the job, even doubled the stock offer. They’re raising their latest round at a $10B valuation & I missed a birthday party tonight so I could update a cash flow model
@JuliaLaRoche@DiMartinoBooth Here is the link to the second paper (my fav)
From complacency to crisis: financial risk taking in the early 21st century.
https://t.co/Th71E9FeDz
"The evidence uncovered is clear, convincing and compelling: Members and associates of the Mafia and the United States CIA were key participants in our nation’s savings-and-loan debacle, and some of the richest, most powerful people in the country...profited from the S&L crisis."
Alright... the FTX Debacle
This is so much bigger than #FTX and @SBF_FTX.
Sure, it's one of the biggest political, regulatory and financial breakdowns of this Cycle.
But the bigger story is right under our nose.
This requires a thread. 🧵
Why has #Tether had 6 DIFFERENT accountants/auditors in the past 5 years? Why doesn't a $66 billion institution hire a Big Four accountant? This is some serious AUDITOR INSTABILITY for a supposed 'StableCoin'. How is Tether linked to SBF's fraud? 1/4 #WTF#SBF_FTX#Tether
I am in London. The Queue has sealed off Heathrow. We cannot get out. We cannot get out. It has sealed the bridge and Second Hall.. We are still holding but we cannot get out. The end comes soon. We hear drums, drums from the Palace. She is coming.
I had many dark & lonely moments advocating for nuclear power over the last decade. I was falsely accused of many things. Through it all, I kept the faith. I knew people would one day see the light. It took a global energy crisis, but finally they do. https://t.co/Tdqb4jrqqz
21/ In your journey to the top, you must remember to help those with less opportunity and resources along the way. Not because you should expect anything to come back to you, but because it's the right thing to do.
NFTs are a better business model for games.
Many gamers seem to be raging hard against game studios selling NFTs.
But NFTs are also better for players.
Here’s why I think blockchain games will be the predominant business model in gaming in ten years.