Citadel generates more from commodities than any other strategy — $30b+ since 2002, half of which came in the last 4 years under Seb Barrack.
He grew a tiny strategy to one that generates 50%+ of their profit some yrs, by weather models & physical tracking infra his team built
- The next winner in crypto will be a product that automatically moves your money across defi platforms to compound your capital as quickly + safely as possible. Users can specify risk tolerance, AI can help find the best opportunities, and defi / Eth will be alive again
- midwest VCs are like “yeah I’m getting 55% of the company for $300k”
- Btw China is: > lending money to African nations for infra projects like ports, energy, etc > via this infra, making them more dependent so they can then ship in Chinese goods more easily > if the loans are defaulted on they take the land
- could not agree more stanford has created a culture of intense — almost delusional — optimism on campus, where students’ default mindset is that they can go achieve whatever they want and live their dreams... then they go actually do it plus it's fun and sunnyStanford has the best culture of any private university in the United States. This is true across all schools at Stanford - not just undergrad.
- "Btw I'm working this week" —people working this week
- We're going to: > tokenize private company shares > help launch a stablecoin to pass yield back to consumers bc "this is the future" > tokenize the entire stock market > accelerate listing tokens + explore staking Also prediction markets are the future
- imo Stripe is playing 4d chess circumventing the banking system via crypto rails -- in a lot of ways they are kingmaking stablecoin payments via their insane global distribution, and showing others the way
- when your coin dips 5%:Crypto is objectively the worst industry of all time
- We @foundersfund are happy to have recently doubled down on @Lighter_xyz They’ve built an incredible perp trading experience with ultra-low latency, a verifiable security model via zk proofs, and, most importantly, a world-class team who we’re continually impressed by.
- no yield-bearing stables, bc if anyone can access 100% or 90% of the interest rate risk-free (no money lent out for mortgages, businesses, etc), why would anyone even use a normal bank? & if they don't use normal banks the fractional reserve model breaksThe full draft of the STABLE Act of 2025 was released yesterday. Thread will a few takeaways below No yield-bearing stables
- Stanford is awesomeI love SF but hated Stanford. deeply incurious, entitled, conformist place 1) Nobody leaves campus. Caltrained to SF once every 1-2 mos, which was unusual + hard to get ppl to join. Kids are totally disconnected from / uninterested in the real world. 2) Stanford ships
- Replying to @ehalm_storage.googleapis.com/smash-test-ima… are you sure it's not just 187 images being randomly shuffled?
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