[FRIAM] (not) leaving Twitter

[Roger Critchlow]

Tsk, so many bad investments, so little time!

Binging Sandy Pentland led me to etoro.com, where everybody can see how
everybody's portfolios are doing.  The front page gives the top crypto
traders on the site, who are all around -70% for the past year.  But scroll
down and you find out that they range from +27% to +197% for the past two
years.

-- rec --

On Wed, Nov 16, 2022 at 12:02 PM Marcus Daniels <marcus at snoutfarm.com>
wrote:

> Having investments go bad makes me feel prosperous, like going to the
> dentist.    I probably shouldn't have investments.
>
> -----Original Message-----
> From: Friam <friam-bounces at redfish.com> On Behalf Of glen
> Sent: Wednesday, November 16, 2022 8:57 AM
> To: friam at redfish.com
> Subject: Re: [FRIAM] (not) leaving Twitter
>
> I know, right. My Ada's down from $200 to $100! I'm not quite sure how I'm
> gonna pay the rent. /s
>
> I saw some post on Mastodon that I can't find now. The person was
> lamenting FTX and how they knew 2 people personally, one who lost $90k and
> another who lost something like $10k. And he closed with "neither of which
> could afford it." Maybe I'm cruel. But my first thought was, why in hell
> did you have $90k in crypto if you couldn't afford to lose it? I mean, I
> know there's a sucker born every minute ... but $90k? I could live for at
> least a couple of years on that. To even have 90k to invest *at all*,
> anywhere, implies something.
>
> On 11/16/22 08:44, Marcus Daniels wrote:
> > Lol, well I guess I bought the right Proof of Stake crypto.  (Not
> really, I got demolished too!)
> >
> > -----Original Message-----
> > From: Friam <friam-bounces at redfish.com> On Behalf Of glen
> > Sent: Wednesday, November 16, 2022 8:39 AM
> > To: friam at redfish.com
> > Subject: Re: [FRIAM] (not) leaving Twitter
> >
> > More Billionaire news [sigh]:
> >
> > What happened at Alameda Research
> > https://milkyeggs.com/?p=175
> >
> > On 10/31/22 10:28, Steve Smith wrote:
> >> Great quote from CDs screed:
> >>
> >>      "Every billionaire is a policy failure, but every billionaire is
> also a factory for producing policy failures at scale."
> >
>
> --
> ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ
>
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