Buffett on $WFC in 2017 : "There's never just one cockroach in the kitchen, when you start looking around"
Nov 3, 2007: Buffett saw a cockroach in the kitchen, started liquidating his shares, sensing that cockroaches don't tend to hang out alone
@DOOMbotMask@circle It is much more than that. It's not a bank failure or a bank run...it's a short to medium-term interbank carnage. As for USDC...the 3 billion will come back, but I think the %s are high that it will lose more kept in other not-so-strong banks that may fail.
I am short USDC-USD
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I know so manypeople deluded by the insane idea that these "methods" Airbnb/self storage/50% apy shitcoin is a deadly "passive investment"
There should be a lower bound to your skepticism that inhibits you from sizing the exposure in a way that would make you rich quickly anyway