Vik Kambli

“The newest technical papers and the oldest books are the best sources of arbitrage. They contain the least popular facts and the most monetizable truths”, says Balaji Srinivasan. 25 books recommended by @balajis: 1) The Princeton Companion to Mathematics by Timothy Gowers

10 images that blew my mind this year: x.com/waitbutwhy/sta…

My 10 favorite investment tweets of 2023 1. A book called shut up and wait by @morganhousel:

Who are the most brilliant but unknown scientists out there obsessed with longevity from a holistic perspective?

Don’t wish for people to be different, wish that they reveal themselves sooner.

The Canadian government, armed with one of the world's most repressive online censorship schemes, announces that all "online streaming services that offer podcasts" must formally register with the government to permit regulatory controls: canada.ca/en/radio-telev…

Legend. The sheer intellectual horsepower.

The person that understands these two issues will get many votes: (1) no more wars. (2) zero based budgeting for the US government. The first keeps us safe and the second will keep us from going broke.

The Musk biography is really a business book dressed in a personal tale. Easily worth the read alone for the vivid tutorial in how to apply The Algorithm.

Do hard things.

A masterclass by Bill Gurley on regulatory capture and institutional decay. youtu.be/F9cO3-MLHOM?si…

@chikinxyz @gunnr @UBC Very kind- thank you!

@gunnr @UBC @vikkambli does some work w/ UBC as well!

Who is the best entrepreneurship professor at @UBC right now? Who is helping equip the next generation of business leaders for the HUGE opportunities in front of us?

This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts. Here, shareholders and bond holders have been wiped out. The @FDICgov insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks. Had the @FDICgov @USTreasury and @federalreserve not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions. More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them. Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage. Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate. Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast. Our government did the right thing for the country. We are very fortunate it did so.

Money printing doesn't work like you think. A thread. 1/

Perfect case study of how “Everyone feels like a genius in a bull market”

Bezos' letters are full of insights into investing, decision-making, and life. They are a MUST-READ for anyone who wants to make better decisions. I have studied ALL of Bezos' letters and interviews from 1997 to 2021. 10 frameworks to help you make better decisions:

50 (short) rules for a better life:

I'm a 30 year old millennial. Our parents' generation taught us to trade time for money. Here are 4 ways to use leverage to get wealthy without working 24/7: 🧵

This thread will make you better at Excel: 📊

Steve Jobs used this pricing strategy to sell 40 million iPads: Price Anchoring. What it is & how to use it: 🧵