It’s late at night, or early morning, I can’t tell. I’m tired but I’m not getting any sleep. No point in trying. My bloodshot eyes are darting back and forth from screen to screen. On one screen is my twitter feed, it’s open tabs, it’s the price of various crypto currencies: FTT, USDT, BTC. It’s someone called CZ attacking someone called SBF, it’s the unraveling of the FTX exchange, it’s the revelation that the story we were sold about a boy wonder genius, about crypto arbitrage and about the ability to build unimaginable wealth in just a couple years, it was all a lie.
Bravo. Real versus paper has been on my mind a lot lately too. Money has become the end instead of a means to an end. Financial bubbles and blowups are the result. Underinvestment in the real is the result. But I think we might be coming back to earth. I hope we are. But I am also preparing to be disappointed.
Anthony Deden is one of the unknown GOATs in investment management. Why? Simple, because he is principled. The closer investors move towards fundamental principles as opposed to chasing financialization fomo, the better off they will be. Great article.
Beautiful. This works on every level.
Bravo. Real versus paper has been on my mind a lot lately too. Money has become the end instead of a means to an end. Financial bubbles and blowups are the result. Underinvestment in the real is the result. But I think we might be coming back to earth. I hope we are. But I am also preparing to be disappointed.
Anthony Deden is one of the unknown GOATs in investment management. Why? Simple, because he is principled. The closer investors move towards fundamental principles as opposed to chasing financialization fomo, the better off they will be. Great article.