Author: tremendousblog
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“A whole new world is opening up to you.” That was what my grandmother told me when I learned how to read. This year, I explored worlds including Weimar Germany, Sand Hill Road, and small town Japan. Here are my favorite books of the year, along with summaries of the…
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Many average people lost their life savings in bad crypto investments. But the real victims of the crypto craze lost much more. Journalist Zeke Faux travelled 9,000 miles to meet some of them. He tells their stories in his excellent new book Number Go Up. A Mysterious Text Message The…
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+ Bitcoin, Blockchain, Cambodia, Crypto, Cryptocurrency, Finance, Human Rights, Human Trafficking, Investing, Money, Tech, Tether+
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“I have never cheated any honest men, only rascals. They wanted something for nothing. I gave them nothing for something.” Joseph “The Kid” Weil, early 20th century con artist The lure of easy riches is hard to resist. In 2021, I had the opportunity to invest in countless crypto projects.…
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+ Bitcoin, Blockchain, BT, Crypto, Cryptocurrency, Finance, Investing, Money, Startups, Tech, Tether, Venture Capital+
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“It’s like the narrative would be way sexier if it was like, ‘Holy s—, this is the world’s biggest Ponzi scheme.’” Sam Bankman-Fried As markets ripped in late 2021, the total value of all cryptocurrency approached $3 trillion. Just 12 years prior, crypto didn’t exist. The boom created a wave…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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Hedge funds are fighting hard to keep short sales secret. An industry association has sued the SEC to stop new disclosure rules, according to a new report in Barron’s. Hedge funds sued the Securities and Exchange Commission, alleging that the agency broke the law when it finalized a pair of…
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The multibillion dollar Haidar Jupiter fund has lost 50% of its assets in 2023. The macro hedge fund made bad bets on bonds and other securities, magnified with borrowed money. From a new report in Institutional Investor: Haidar Jupiter Fund all but assured it will finish the year deep in…
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“A maniacal sense of urgency is our operating principle.” Elon Musk Elon Musk is not your typical CEO. He doesn’t have a corner office. There’s no executive dining room. In fact, shortly after taking over Twitter, Elon slept on a couch in the company library. A typical meal: cereal out…
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“As the situation got more desperate in the fall of 2008, Musk pleaded for money from friends and family to meet Tesla’s payroll.” Elon Musk, by Walter Isaacson In 2008, Tesla was in the depths of production hell. And with the world on the verge of another Great Depression, a…
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Major VC firm OpenView Venture Partners has abruptly laid off most of its staff and stopped making new investments. The departure of two top leaders under murky circumstances appear to have led to the firm’s sudden downfall. The Collapse of OpenView OpenView’s leaders departed suddenly after a recent fundraise, leaving…
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“We have reason to believe Elon is retarded.” That was Elon Musk’s elementary school principal. Young Elon stared out the window and ignored his teachers, leading them to assume he could not learn. Perhaps Elon found their lessons irrelevant. Or maybe he was tormented by what was going on at…
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+ Biography, Elon, Elon Musk, Reading, Silicon Valley, SpaceX, Startups, Tech, Tesla, Venture Capital+
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Tremendous 