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"If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money."
— Ray Dalio
Fintwit
19.5K posts
- In 2009, Bernie Madoff lost investors $60 billion. He was sentenced to 150 years in prison. In 2022, Do Kwon lost investors $60 billion after Luna collapsed to $0. He then created Luna 2.0.
- Fed officials sold all of their stocks here to avoid any “conflict of interest”
- Replying to @SBF_FTX @andrewrsorkin and @dealbookIn 2008, Bernie Madoff was arrested within 24 hours of his fraud being revealed. In 2022, Sam Bankman-Fried will be attending the NYTimes dealbook summit after his fraud was revealed.
- Fed officials sold all of their stocks here to avoid any “conflict of interest”
- This is not a cryptocurrency. It’s the U.S. stock market.
Readers added context they thought people might want to knowReaders added contextThis image is a very condensed view of the E-mini S&P 500 and dramatically portrays a downturn in the market on 9/13/22. The stock market did experience a sharp pullback on 9/13/22 but it did not reach any lows for the year and it is not as dramatic as the image would suggest. marketwatch.com/investing/futu… - Imagine spending 4 years and $150,000 to learn about the efficient market hypothesis and then the market does this:
- Ilya Lichtenstein, a tech entrepreneur and Y combinator alum. Heather Morgan, a Forbes columnist. Today they were arrested for trying to launder billions in stolen crypto. They face up to 20 years in prison.
- Elon Musk has made more money in the last 9 months than Warren Buffett has in 91 years
- Elizabeth Holmes, founder of Theranos, lost investors $1 billion. She faces up to 20 years in prison. Adam Neumann, founder of WeWork, lost investors $11 billion. He then raised $350 million for his next startup.
