OT: Stock and Investment Thread

[Rutgers Chris]

SBF threw money (other people’s money) at a bunch of **** that’s just a list of what stuck. But he was definitely running in the right circles.

Exactly, he made tons of bets. A crappy hit rate still would have yielded some serious results.

 

[RUAldo]

Exactly, he made tons of bets. A crappy hit rate still would have yielded some serious results.

Def a staggering $$$ number that would haunt me forever if I was SBF. But If you gave any of us a few billion of other people’s money and we had access to the right tech leaders = Anthropic, HOOD, etc. are nuts even a blind squirrel would find.

On a different note, where is the next rotation now that industrial and staples are crowded. Hard to believe the housing still stuck in the mud although I see the ITB up 8% last couple of days.

 

[T2Kplus20]

Two ways to look at this:
1. Imagine if he wasn’t a criminal, he could have gone down as one of the best early stage investors of our time.
2. If he wasn’t a criminal maybe he wouldn’t have had the capital to place so many early stage bets.

Either way, still fascinating to see…

I believe some people make a killing buying up FTX bankruptcy debt/assets (not sure of the right word). They got shares/ownership of all those companies at pennies on the dollar.

 

[RUAllen4]

I believe some people make a killing buying up FTX bankruptcy debt/assets (not sure of the right word). They got shares/ownership of all those companies at pennies on the dollar.

Claim

 

[T2Kplus20]

Claim

Yes! Thanks.

 

[Rutgers Chris]

I believe some people make a killing buying up FTX bankruptcy debt/assets (not sure of the right word). They got shares/ownership of all those companies at pennies on the dollar.

In theory, everyone who had money with them was made whole. They missed out on lost gains, but not when valued in dollars