I don’t know how long it’s going to take but I believe in every fiber of my being JJ is going to eventually figure it all out.
This is the leader and dog that this franchise has been dying for over a decade.
And I don’t care what you think that says about me. 😂
This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.
Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.
Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.
Within 3 years, he was running one of the largest anonymous crypto trading firms.
Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.
Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.
Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.
Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.
In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.
This scene in Miami Vice where "In the Air Tonight" by Phil Collins plays stands as one of TV's all time greatest cinematic sequences. It effortlessly establishes the mood and highlights just how far today's television industry has fallen. This authentic soul is gone.
BREAKING: Tomorrow is Warren Buffett's last day as CEO of Berkshire Hathaway.
Buffett took the stock from $19/share in 1965 to $750,000/share today, up +3,950,000%.
Congratulations to the best investor of all time.
I don't think people fully understand what's about to happen.
Within the next 10 years, America is going to have such a dominant position in space that it will be basically impossible for any other country to catch up.
We're going to have thousands of satellites providing internet, communications, GPS, weather data, military intelligence, all owned and operated by American companies.
We're going to have American companies mining asteroids for rare earth minerals.
We're going to have American companies building habitats on the Moon.
We're going to have American companies establishing the first permanent settlement on Mars.
And all of this is happening not because the government decided to do it, but because private entrepreneurs saw an opportunity and went for it.
This is the social compact breaking down. We need urgency to restore it:
1 - Mass deportations
2 - Stop the H-1B scam
3 - Dramatically reduce LEGAL Immigration
4 - End chain migration and the Visa Lottery
5 - Build 10 million homes for Americans
6 - Crush the College Cartel
*WARREN BUFFETT TO NO LONGER WRITE BERKSHIRE ANNUAL REPORT
"To My Fellow Shareholders:
I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. I’m going quiet… I wish all who read this a very happy Thanksgiving.