DrealJosee

The best performing asset this week almost didn’t exist. In 1945, a 27-year-old man borrowed $20,000 from his father-in-law and bought a failing store in a tiny Arkansas town of 7,000 people. He worked it for 5 years straight. Built it into the #1 performing store in its entire 6-state region. Then one morning his landlord told him the lease wouldn’t be renewed. The landlord wanted the store for his own son. Sam had no intention of selling, so the landlord simply refused to renew the lease. 5 years of work, gone overnight. Forced out of his own store with nothing but the lessons he’d learned. Most people would’ve quit, instead he moved to an even smaller town at Bentonville, Arkansas with a population of barely 3,000 humans. This time he insisted on a 99-year lease. Today that “failed store owner” from rural Arkansas built the largest company on earth by revenue. Guess the stock? 👀

@DrealJosee @SpoutFi Curious how SpoutFi's 0% APR borrowing actually plays out in volatile RWAs though; does the overcollateralization hold up if the underlying dips hard, or is there some mechanism I'm missing for real-world edge cases?

The best performing asset this week almost didn’t exist. In 1945, a 27-year-old man borrowed $20,000 from his father-in-law and bought a failing store in a tiny Arkansas town of 7,000 people. He worked it for 5 years straight. Built it into the #1 performing store in its entire 6-state region. Then one morning his landlord told him the lease wouldn’t be renewed. The landlord wanted the store for his own son. Sam had no intention of selling, so the landlord simply refused to renew the lease. 5 years of work, gone overnight. Forced out of his own store with nothing but the lessons he’d learned. Most people would’ve quit, instead he moved to an even smaller town at Bentonville, Arkansas with a population of barely 3,000 humans. This time he insisted on a 99-year lease. Today that “failed store owner” from rural Arkansas built the largest company on earth by revenue. Guess the stock? 👀