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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
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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.
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In 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.
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This is not a cryptocurrency. It’s the U.S. stock market.
Community note
This 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
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Imagine spending 4 years and $150,000 to learn about the efficient market hypothesis and then the market does this:
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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.
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Elon Musk has made more money in the last 9 months than Warren Buffett has in 91 years
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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.
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Bill Gates would be worth $1.2 trillion if he still had his Microsoft shares.
Instead, he became best friends with Warren Buffett and decided to diversify his portfolio.
He is worth only $136 billion today.
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Bill Gates would be worth $1 trillion if he still had his Microsoft shares.
Instead, he became friends with Warren Buffett and decided to diversify his portfolio.
He’s worth only $110 billion today.
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Benny Johnson
In 1985, Apple fired Steve Jobs. He returned after 12 years.
In 2023, OpenAI fired Sam Altman. He returned after 48 hours.
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Imagine spending 4 years and $150,000 to learn about the efficient market hypothesis just to watch $BBBY squeeze to infinity
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When stocks fell in 2008, Warren Buffett wrote an article called "Buy American. I am."
It's worth a read today:
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Sam Bankman-Fried wants to raise money from new investors to pay back old investors.
This is called a Ponzi scheme.
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After surging 310,000%, the ‘Squid Game’ crypto has crashed to $0, wiping out all investors.
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Wall Street Mav
Just $5 invested in Shiba a year ago is worth $5 million today.
But you bought a cup of coffee instead.
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Fed officials are selling all of their stocks here to avoid any “conflict of interest”
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Meta just gained $200 billion in market cap.
It's the biggest one-day gain in stock market history.
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Facebook lost $50 billion in value today. All of Twitter is worth $50 billion.
Facebook lost a Twitter today.
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Elon: I am buying Twitter to help humanity, not for money
Also Elon: Twitter users must pay $8/month for a blue check
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If you invested $1,000 in Shiba Inu one year ago, today you would have over $200 million
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Rivian is now the third most valuable carmaker on the planet.
Here are the fundamentals:
• $0 in sales
• Has only produced 56 cars
• Jeff Bezos likes the company
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Two months ago, someone purchased this Fidenza NFT for $1,300.
Today, it sold for $3.3 million.
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The DOJ seized about $3.6 billion in stolen Bitcoin.
This is the largest financial seizure in history.
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On December 11, 2008, Bernie Lawrence Madoff was arrested.
On December 12, 2022, Sam Bankman-Fried was arrested.
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The U.S. stock market is down 19% in 2022, its worst year since the 2008 financial crisis.
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Markets today are seeing a flight-to-safety, with investors rotating out of risky assets like stocks into safer assets like #Bitcoin
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SBF: “FTX has no liquidity issues”
also SBF: “Binance will be acquiring FTX due to a liquidity crunch”
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philip lewis
Elon: I am buying Twitter to remove bots
also Elon: I refuse to buy Twitter because there are too many bots
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