The Compound and Friends The Higher the Vix, the Higher the Clicks
Jul 1, 2022
Felix Salmon, Chief Financial Correspondent at Axios and host of Slate Money, joins to share his insights on financial media and the evolving landscape of social media. He discusses the impact of Elon Musk's Twitter ownership on engagement and the shift from traditional blogging to rapid TikTok-style content. The conversation dives into the art market's intersection with finance, billionaire investments in sports teams, and the challenges faced by the tech retail sector. Felix also reflects on generational investment strategies, highlighting the unique preferences of younger investors.
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Enjoy Technology's Failure
- Ron Johnson, hailed as an Apple genius for creating Apple stores, founded Enjoy Technology.
- Enjoy, which hand-delivered tech and pitched add-ons, filed for bankruptcy after significant losses.
Transferability of Success
- Success at one company doesn't guarantee success at another. Investors often mistakenly assume that a successful leader will automatically replicate their success in different contexts.
BlockFi's Implosion
- BlockFi's decline from $4.8 billion to near-zero is a bigger implosion than Enjoy Technology's. Enjoy's failure, while significant, involved smaller amounts of money compared to BlockFi's.
