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104: Balaji $1m Bitcoin Bet, Banking Crisis, Ryan Reynold’s Business Empire & GPT-4
Not Investment Advice
The S&B Misjudgment
S&B bought long term fixed rate bonds, which is what like S&B bought these bonds. So they've got a 10 year bond instead of call it a three to six or one or two year,. Like a shorter duration bond, because they wanted a little bit of extra yield. And mind you, this extra yield was in the hundreds of millions of dollars. But that's just essentially that's free money. As long as it's a low interest rate environment, it is a smart move. It's not like FTX or one of these other crazy crypto things where they were investing in crazy, high risk stuff. This is like on paper, one of the least risky things
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