Read_860 - Stone Ridge 2024 Investor Letter

16 snips

Jan 4, 2025

Dive into fascinating insights on Bitcoin as a powerful wealth transfer tool from the impatient to the patient. Explore innovative financial solutions, including cashback strategies and Bitcoin-backed lending. Reflect on personal resilience in navigating financial challenges while debunking misconceptions about Bitcoin's true value. Discuss the interplay between digital currency and energy demands, showcasing the transformative potential of Bitcoin in a shifting monetary landscape. Perfect for those curious about the future of finance!

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

Law of Large Numbers in Finance

The law of large numbers, a simple statistical concept, can drive significant profits.
Stone Ridge leveraged this law in natural gas markets, earning substantial returns.

ANECDOTE

Natural Gas PDP Investment

Stone Ridge successfully applied the law of large numbers to natural gas PDP investments.
This approach generated high returns and attracted major reinsurance companies.

INSIGHT

Reinsurance vs. Traditional Banking

Traditional banking, with its "borrow short, lend long" model, is inherently flawed and prone to failure.
Reinsurance offers a more stable model by borrowing long and lending short.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

"Bitcoin is the most potent device ever invented for transferring wealth from the impatient to the patient. Be patient." — Ross Stevens

Ross Stevens brings us back another brilliant piece in the Stone Ridge investment letter breaking down new models for finding stability in volatile markets, finding the third side of a page, sailors lost at sea, the greatest source of life inequality, and how bitcoin establishes a connection to real world time in the digital world... with the expected combination of entertainment, gut punches to the corrupt and foolish financial "elite," and fascinating insights, the Stone Ridge letter is always one that shouldn't be missed.

Check out the original article at 2024 Investor Letter by Stone Ridge (Link: https://tinyurl.com/453mpda5)

Host Links

⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)
⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

Check out our awesome sponsors!

Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold

Ready for best-in-class self custody?

Get ⁠5% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)

Trying to BUY BITCOIN?

River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)

Bitcoin Games!

Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)

Bitcoin Custodial Multisig

Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)

Education & HomeSchooling

Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)