Benjamin Morris

Bankman-Fried and his cadre were all what’s known as “effective altruists” .. the basic idea is believing in getting rich mainly so you can then give it all away for the better good. SBF gave/threw away so much money, often not even knowing where it was going per Lewis’ book. But he did knowingly try to buy elections, often giving candidates money who he’d never met … and in some cases the candidate had no idea where the money even came from. Hundreds of millions of dollars. That was most shocking to me. Threat to democracy and buying elections aspect of the FTX story not getting enough attention.

@Scholars_Stage Why? The value is in the exclusivity, not the quality of education

Kirkwood / Herta superteam for Andretti F1

@iamjakestream @typesfaster @balajis I think we’ve found that the nuance of bonds vs loans, AFS vs HTM accounting and bank capital requirements does not find fruitful conversation on this app There’s a reason bank finance was considered nerd work

@typesfaster @balajis Not really though …? A spreadsheet of shitcoins is and always was worth zero. Treasuries when held to maturity are worth what you paid for them.

Balaji (@balajis) keeps making this hilarious and fair point that banks not marking their bonds to market is the same as SBF posting those spreadsheets showing that FTX wasn’t insolvent because they owned FTT and other shitcoins that were worth $10 billion at the peak of crypto

@MagnusMacro @macrogliblyglo1 Inversion is off 4.5% 1 yr and 3.5% 10 yr could revert

Don’t really like to give particular trades on here (manage $ professionally & not much upside). But if CBs back off & cut tail on banking issues then lot of interesting trades in Fx, commod & equity. Rates should be more about curve. Not huge fan of credit here.

@iamjakestream I agree about rain, which is mostly lack of drainage capacity. Wind is also a game changer

The fact that an entire major metro area can be shut down by a few inches of rain blows my mind

Did you mean to write “criminal looter of non-profits” Ken Langone @kevin_stank @CNBC ? Legacies matter for old crooked bankers

@collectingcars_ Stepnose so perhaps more fitting as a GTA tribute than GTAm Pretty either way

🇧🇪 *LIVE AUCTION* This Alfa Romeo 1300 GT Junior is an attractive tribute to the iconic GTAm cars of the 1970s. Details: collectingcars.com/for-sale/1970-… #Collecting Cars

@aohereng @thevscc @BugattiTrust More of the Kurtis please!

A little bit of @thevscc magic at #silverstone today 👌😎☀️@BugattiTrust #aohefoundermembers

@MagnusMacro I’d love to visit Sicily. Not what you’re asking, but Crete in Sept/Oct is glorious

@MagnusMacro Why vacation in Europe in August? That’s swimming upstream

@mwoodski @brendan_mcaleer @ToastyDecline 💯 Doran’s first Z was one of the only Nismo-built bodies-in-white If I find pics I’ll share, probably on an old phone

@brendan_mcaleer @ToastyDecline Nvm here's an outside the car shot at speed. youtu.be/5JY9egQ4MjI

@osullyville What do you think happened to assets in the pension fund? Same thing as your 401k, you just won’t know until you retire

@kupat__ This isn’t all - need to discuss the stability mechanism was to sell more LUNA to support UST - that’s why it lost way more than the $2.5B reserve, and LUNA/UST crashed together Careful with high-level takes, that’s how people ended up buying these things in the first place

How do you turn $1,000,000 → $0.43 in 7 days? One of the biggest collapses in crypto history occurred this week... Who's up for a story? 👇👇👇

@joshu Miatas this weekend then? 26 is a healthy field

update: i’m slow as shit. qualified 22ndout of 26th

scca race. been a while. hello laguna seca.

@theOlliePickard I do think kinematics would be intuitive for many people But the world is complex enough I also think most people don’t care how things work, just that they do work (your followers notwithstanding)

@LJKawa But the vix!

It's been more common for the S&P 500 to have a daily move of more than +/-1% than less than 1% in 2022 (47 of 92, including today)

@AdamSinger You’re supposed to drink Dr Pepper now

Culver's is underrated as hell fast food, where has this been all my life literally never seen marketing from them. But Pepsi products? How does any QSR mess this up...only psychopaths drink Pepsi America is Coke country

@morningmoneyben Barred owl?

Birb community: what type of owlbirb is this one?

@AntonioMJuliano Ha! My first thoughts about this were “arbitrary clusterfuck”

This is an insane clusterfuck for exchanges