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Career-wise, certainly he will be deemed successful by his peers. But to the client, it's still no consolation if he loses 10%.

Outperforming the benchmark is meaningless if the investor still ends up losing money for the year. What consolation is it for clients if the fund manager beats the benchmark by 20% but still loses 10% of his clients' money?

One day before Singapore’s National Day celebrations on 8 Aug 2022, Hodlnaut threw a bombshell on their customers. The company was going under. Hundreds of millions(estimated $500m) in customer deposits have been frozen. I have been following Hodlnaut closely since last year after I signed on...

I wonder why Coinbase was chosen instead of the bigger exchanges like FTX and Binance. Both charge lower fees to their customers.

2 months ago, China and Hong Kong stocks looked like they were making a recovery and I decided to resume purchase of China/HK stocks in June. It was not a profitable experience for the next 3 weeks. The HK/China stock market did not seem to act right. Maybe something was wrong with me since the...

I've been following this thread. I don't see much value for a person to try to impress others with his prowess as a trader. Personally, if I'm really a good trader, I think it's more useful to share some insights picked up along the way rather than talk about how good one is. Maybe someone else...

Hard to believe Binance can be the largest crypto exchange by far after losing 90% of customers. The numbers are wrong.

I like to chat with retirees, particularly those who used to work in a job where they need to be a bit of a snake oil salesman. It is after they retire that they can be completely honest about their past. A few years ago, a retired stockbroker revealed to me that most of his retail customers...

I agree. On the part of transferring assets into the wife's name, the investor has to make sure he marries well first. The divorce rate is not low nowadays, so that risk has to be factored in.

I did not have the intent to recommend using 10% position sizing when I wrote the article. It was to bring across the message that when one has a position that has the risk of losing more than 100%, even a moderate 10% position size is dangerous because it can cause irreparable damage. 10%...

This crypto startup firm, Uprise, lost 99% of its client funds while shorting Luna during its price crash. Luna crashed 99.98% within 1 week from Thursday, 5 May 2022 to the following Thursday, 12 May 2022. Just 1 week ago, Luna's market capitalization was USD28 billion. 1 week later, this...

Don't follow these paid influencers blindly. They will say something is good even if it's not because they're paid to do so. It's fair and expected behaviour. Listen to their facts and reasoning. Focus on the message. Ignore the messenger.

Multiple coinbase insiders have been selling out the stock while the stock has been sliding since IPO. https://www.wsj.com/articles/coinbase-leaders-net-1-2-billion-in-share-sales-11653606214 I wonder how much is due to their self-awareness that their company crypto products are not...

The U.S stock market rally which started 2 weeks ago is dead. China stock market fights back. Resuming purchase of China, HK stocks (11 June 2022) 2 weeks ago when the U.S stock market started a mini-rally (27 May 2022), I suspected it was a bear-market rally driven by profitable short-sellers...

USD is much safer, of course. Hold what makes you comfortable. If USDC stablecoin is as safe as USD, I won't be motivated to write software to monitor the risk of holding this stablecoin.

After UST stablecoin depegged and crashed 2 weeks ago, fear spread to other stablecoins. The most dominant stablecoin, USDT, was briefly depegged. If the biggest stablecoin is in danger, the risk to the other smaller stablecoins cannot be ignored. Some will say there is no need to worry about...

Thanks for the replies. I pulled out in the nick of time. Looking back, it was a close shave. It's hard to defend myself if someone criticized the speculative move as picking nickels in front of steamrollers. I'm still self-reflecting on it.

The TerraLuna ecosystem crash this week was devastating to many crypto investors, from the small retail investors to the huge venture capitalists. No matter how smart you are, as long as you are active in financial markets, big losses from time to time are inevitable. Sometimes, one manages to...

Most likely, there's no material impact on his lifestyle. I believe most billionaires work not to earn the next billion but for something higher like fulfilling some life mission. If a billionaire says he feels poor because he lost several billions this year, he'll never feel happy.

Crypto market is crashing at the moment. Here's what I'll observe for signs of recovery. Weakness with Luna, UST are the main drivers behind the Cryptocrash now. - Anchor TVL Anchor depositors are withdrawing at an alarming rate. TVL plunged almost 30% within 3 days. When UST is withdrawn from...