Sam Bankman-Fried had the best venture portfolio in history
What SBF bought vs. what it's worth today:
• Anthropic: $500M → $30.4B (+5,980%)
• Robinhood: ~$546M → $5B (+816%)
• Solana: 60M SOL at ~$8 → $5.3B at $89 (+1,012%)
If he did nothing illegal, he'd be worth $40 billion today
Instead he's now he's inmate #37244-510
@DschlopesIsBack Style > spin to win
Nobody cares about one extra half a rotation. Style and creativity should be rewarded more. It opens up the bag of tricks and elevates the viewing experience
@RegionalTVCat Style > spin to win
Nobody cares about one extra half a rotation. Style and creativity should be rewarded more. It opens up the bag of tricks and elevates the viewing experience
@IetsGolf Style > spin to win
Nobody cares about one extra half a rotation. Style and creativity should be rewarded more. It opens up the bag of tricks and elevates the viewing experience
Excellent breakdown from David Friedberg on how a collapsing dollar leads to the rise of socialism
"If you own assets as the dollar devalues and everything inflates in value, our asset prices go up. We get wealthier and wealthier. The majority of Americans do not own assets. They are net asset negative
As a result, they live off of income, and they do not benefit from the de-dollarization like asset holders do. And this is what is ultimately fueling populism in the US."
Imagine telling someone 40 years ago that Japan would go from 40% of the global stock market to 5%.
And the US would go from 30% to 64%.
Where are we going over the next 40?
With @TGL starting tomorrow, all I can think about is — how small is the Venn diagram intersection that will appreciate these two images next to each other?
Utz delivery guy walks into Brooklyn supermarket this morning with a shit eating grin on his face and the loudest most Italian NY accent shouting
“You ready for Momdami,
Zordami whatever his name is.”
*Gets even louder*
“A LITTLE COMMUNISM”
Gave me a good laugh
Theory: all these planes are crashing lately because the new working generation lacks the focus and discipline to master a rules based trade like piloting an airplane