Investing

Unravelling the tentacles of Sam Bankman-Fried’s Empire — The shocking collapse of Terra in May 2022 detonated a top Layer 1 and the industry’s flagship algo stablecoin in one fell swoop. Bitcoin dived from $40K to $27K in days. Those armed with dry powder bought the dip, feeling like Christmas had come early. What they didn’t realise was…

Hopefully investors learn from this — One force propping up nearly everything from tech stocks to startups to crypto to engineers’ pay over the past few years seems to have finally popped for good. For the longest time, the shockingly high returns of venture capital funds thanks to huge and highly visible hits like Facebook, Airbnb…

“A crisis is an opportunity for bargain hunting, not something to be afraid of.” — Right now, the S&P 500 is down nearly 20% from its peak, while the Nasdaq is down more than 27% from its peak. Some individual stocks are even down 70–90% from their all-time high (just look at Affirm, Shopify, and Lucid). In other words, the stock market is a mess…

Clarifying what’s really important — Sam Bankman-Fried has been arrested in the Bahamas. Moreover, he has been denied bail and could now face a potential extradition to the US, the country that filed charges against him. Okay. Fine. Great. But people are caring too much about a scammer that will probably get what he deserves…

“True wealth is silent, under the radar, and almost invisible.” — Don’t Look Rich — Become Rich Rather than actually building wealth, people tend to spend their money on things that elevate their social status. Whether expensive cars, designer clothes, fancy handbags, exclusive restaurants, or the latest iPhone, a lot of money is wasted on showing off to others. But as Morgan Housel said in The Psychology…

“I know I look young, I’m Asian American, first-generation, female — I never expected an easy route at all.” — Key takeaways: Use your background to build an unfair advantage in your investing niche. Hire slowly and make sure to surround yourself with the right people. Venture takes great patience. Be in this for the right reason and it will show. In 2016, Sophie Liao launched Oyster Ventures, an early…