A weird archaism of American corporate law is that companies have to write down, fairly early in their histories, the
Continue readingAuthor: Tokyo Nomad
Invest: Time the market
Could last week have been the market bottom? The concept of a Follow Through Day has been known in the
Continue readingBusiness: AMC, from theaters to gold mining
AMC Entertainment Holdings Inc., the operator of movie theaters and a meme stock, recently announced that it was buying 22%
Continue readingInvest: Pornhub and Bitcoin
Well, here’s a claim: In December 2020, Visa, Mastercard, and Discover stopped processing payments for Pornhub, a website based in Canada
Continue readingInvest: Russian banks off SWIFT, what does it mean to investors?
Last week, one of the most discussed forms of sanction on Russia for its invasion of Ukraine was the idea
Continue readingInvest: Bored apes in court
Here is a lawsuit in which a guy (the plaintiff, Timothy McKimmy) is suing a non-fungible token exchange (the defendant,
Continue readingInvest: Stocks and bonds hate inflation
Let me start this discussion by quoting Warren Buffett. Warren Buffett wrote How inflation Swindles the Equity Investor in 1977.
Continue readingInvest: Web3 and Ponzi economy
My basic model of Web3 is that any Web3 project consists of (1) the ostensible project plus (2) a Ponzi
Continue readingInvest: Google stock split and what it means to retail investors
The other day I was talking to someone about the trend of mayors who take their salary in Bitcoin, and
Continue readingInvest: New ways to take money from the dumb in Crypto
The appeal of crypto for traditional high-tech trading firms is real. The appeal is in very important part intellectual: You
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