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May 16, 2022 Career

Career: Goldman Sachs’ vacation policy

This is a joke! I love the idea that a bunch of disgruntled junior analysts at Goldman Sachs Group Inc.

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May 14, 2022 Invest

Invest: I think Bitcoin will fall another 40% to $15,000

Here is a fun fact, Bitcoin is down 40% to start the year as investors sell risk assets After its

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May 13, 2022 Invest

Invest: Three entities that can influence inflation

Jerome Powell Let me start with Powell, head of the Fed, and my mental model of him. Based on his

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May 13, 2022 Business

Business: Elon Musk trolling Twitter

Elon Musk did something “funny” today, None of this makes sense! Because “Temporarily on hold” is not a thing. Elon

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May 12, 2022 Invest

Invest: Terra Luna and death spiral

We talked yesterday about the ongoing collapse of TerraUSD, or UST, the $18 billion algorithmic stablecoin from Terraform Labs. The basic idea

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May 12, 2022 Invest

Invest: How Terra and Luna (are supposed to) work

An “algorithmic stablecoin” sounds complicated, and there are a lot of people with incentives to pretend that it is complicated,

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May 11, 2022 Invest

Invest: When happens when stablecoin is not stable?

I guess it is time to talk about algorithmic stablecoins again. Terra, or UST, is an algorithmic stablecoin whose price

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May 10, 2022 Invest

Invest: Strip club embraces meme finance

The main corporate finance advice for much of 2021 was, like, “be a meme stock.” There were a lot of retail investors on

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May 9, 2022 Invest / Uncategorized

Invest: Subtle things caused by the interest hike

Yesterday the chief executive officer of Uber Technologies Inc., Dara Khosrowshahi, sent out an email to employees telling them that Uber is going

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May 6, 2022 Invest

Invest: Is the bear market over? Morgan Stanley says NO

Here is a fun fact: Stocks are off to a rough start in 2022, with S&P500 currently down more than

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Tokyo Nomad

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