kenneth

37 ms·

361.
by kenneth 7y ago
HIV/AIDS is very different in that it takes a long time to kill. It doesn't lead to the breakdown of infrastructure because you suddenly have a million people showing up at the hospital at the same time. That property is also what
362.
by kenneth 7y ago
You win some you lose some. I exit most of my put positions last week after getting up 13x. The position I kept, I got fucked hard by this Robinhood downtime. Ended up losing all of it, (4x of my original 13x profit), whereas I was trying t
363.
by kenneth 7y ago
Risk / reward is proportional. You could have easily made a killing if the markets moved the right way. In fact, anything could happen by Friday. He only needs and 10% move up be in the black
364.
by kenneth 7y ago
During WWi it was mostly due to the Spanish flu killing 5% of the world's population, way more than the war the itself
365.
by kenneth 7y ago
Morgan Stanley was betting that subprime mortgage CDOs were sound in 2006. How'd that work out for them?
366.
by kenneth 7y ago
Efficient markets are good for society, they give us accurate prices for things, and inform us of the impact of events. They're not perfect, but they're better than everything else. Sometimes they are wrong, the price is wrong. If
367.
by kenneth 7y ago
Buying puts against overvalued vulnerable companies + the market in general.
368.
by kenneth 7y ago
Extra history is fantastic, thanks for sharing. The problem here isn't with the mortality per se, it's with the strain on healthcare resources. We just don't have the capacity to deal with an influx of cases requiring hospita
369.
by kenneth 7y ago
As someone living in Hong Kong, it kind of blows my mind how little attention Americans have given this situation. All but a few Americans have their head in the sand on this, and the markets have not at all priced in the all but certain lo
370.
by kenneth 7y ago
The virus is spreading just fine in warmer climates like Singapore. You can't make that assumption.
371.
by kenneth 7y ago
Keybase is the best encryption tool around and you can tie it to a pseudonymous identity
372.
by kenneth 7y ago
This is false. Most offerings are done under 506b which only requires a self-declaration by the investor that he is accredited.
373.
by kenneth 7y ago
A self-reinforcing meme, I'd imagine. The more you hear it, the more you're likely to use it as an example. I've certainly used the phrase "dentist from Ohio" a few times myself — no offense meant to dentists and Oh
374.
by kenneth 7y ago
The lawsuit isn't worth it for large investors either. It's much easier to write off your investment than to try to spend a ton of money and energy fighting for scraps, nuking your reputation as a founder-friendly investor in the
375.
by kenneth 7y ago
It depends on whether they're doing a 506(b) or a 506(c) offering. The difference being that the latter can be publicly advertised, whereas the former doesn't allow any public solicitation of investments. In the former case, you c
376.
by kenneth 7y ago
Actually, I am. I don't believe that restrictions on private investments make sense. If anything, they perpetuate the "rich get richer, poor get poorer" problem. Unaccredited investors are kept out of great potential wealth c
377.
by kenneth 7y ago
Most people who take unlimited-downside positions (like selling option contracts or short selling) on a broker will be limited to losing however much cash on hand they have in liquid markets. Their broker will issue a margin call (ask for f
378.
by kenneth 7y ago
Welcome changes to the accredited investor rules. Of course, would love to see them go even further and let just anyone invest — but this is already a step in the right direction. In all my dealings with the SEC (from working at multiple re
379.
by kenneth 7y ago
Guess you don't understand the changes at all then because this has nothing to do with cashing out of companies. There is nothing here that makes that easier (not that it wasn't easy before).
380.
by kenneth 7y ago
These coin offerings are generally violating securities law.
381.
by kenneth 7y ago
Sell your company to Zynga at the peak of your popularity is the play
382.
by kenneth 7y ago
OTC desks are different than exchanges, and you won't be able to see their books. There are also trading algos meant to push things through the market without being noticed. Of course it comes at a cost, you'll usually pay a disco
383.
by kenneth 7y ago
They shouldn't be reaching out to me, they should put themselves in a position where people like me find them. It's much more valuable to work on the latter long term.
384.
by kenneth 7y ago
Building your network just takes time and effort. You're indirectly connected to everybody (6 degrees of Kevin Bacon and all that), it's just about what kinds of relationships you invest in. Do it for long enough and it pushes you
385.
by kenneth 7y ago
Moving to SF is not at all necessary (I don't even live in SF). But it certainly helps. If you can build the right network without being in SF, all the better. But if you're struggling with that, perhaps moving to SF will help.
386.
by kenneth 7y ago
Some of it is just filtering… I'm constantly bombarded with pitches, the vast majority of which range from bogus to just not ready. The things that come in from trusted recommendation are usually of a much higher quality bar, which mak
387.
by kenneth 7y ago
(I'm a VC) 1. build something worth investing in 2. make sure people know about it (tell your friends, don't work in a silo, etc.) 3. have the right friends (i.e. be plugged into the community, be friends with other founders, be i
388.
by kenneth 7y ago
I still wouldn't want to eat any of that pile of garbage food even for EUR0.
389.
by kenneth 7y ago
Just eat the whole thing and enjoy, it's delicious!
390.
by kenneth 7y ago
The US virgin islands are part of the US

More ›