Tom @mtahcodm
Cape Town, South Africa Joined November 2021-
Tweets322
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Followers241
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Following2K
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Likes65K
When you look at the challenges this country faces, hard to escape the conclusion that everyone (else’s kids) should skip college and learn a skilled trade.
Avoidance of small mistakes makes the large ones more severe. - @nntaleb
🤣🤣🤣👝💩👜 Lucklily Steinhoff shareholders didn't have to worry about the accounts because of all the JSE, Frankfurt Stock Exchange, analysts, fund managers & Banks Due Diligence, CA's and accounting experts on the board.
IEX in 2017: "rebate practices cause clear and significant harm to investors" IEX in 2023: "Members that enter displayed orders that provide liquidity will receive a rebate of $0.0004 per share" wsj.com/livecoverage/f…
Crypto: a gigantic construction built by maladjusted children. You were warned.
Of course that's your contention. You're a Bitcoin guy. You just got finished reading about peer-to-peer cash systems, Satoshi probably. You're gonna be convinced of that until next month when you discover the Winkelvii
There is no such thing as a "liquidity" crisis with cryptos. A liquidity crisis is for something that has some hard intrinsic value. This is just a crisis.
Outside of $TSLA, the last company I saw post >50% unit growth with flat opex was Luckin Coffee.
Per its most recent SEC filing, the carrying value of MicroStrategy's 129,699 bitcoins was $1.988B, reflecting the cumulative impairment loss of $1.989B. @MicroStrategy and @saylor, the first law of holes is: "If you find yourself in a hole, stop digging." coindesk.com/business/2022/…
Plain-vanilla stock and bond funds are doing better than ESG ones trib.al/2fA6zuO

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