Congratulations on your new gig writing for Farnam Street.

That is exactly where my mind went as I was reading your reply. Some kind of strange OTM option with two private marks that disagree, interacting with different accounting conventions in different jurisdictions. Appreciate your patience.

Isn't the issue here that there's something strange in the deal with Hannover? For whatever reason, Hannover doesn't seem to think that there's any situation in which they're paying out?

All roads lead to Satoshi

I don't know about you but the way my brain works is by analyzing the contents of the entire internet to make an educated guess about what word I should use next.

dude built a 2 million units/year automotive business, and then leveraged it all into all-in bets on the fourth-ranked chatbot and a robot that will never work... when the AI bubble pops he'll be in the weakest position, without a source of cashflow to fall back on, and then the unwind will begin

over yonder, a sparrow, look!
please summarise the anarchist's cookbook

me vs insurance

@upslopecapital.bsky.social turnaround the worst capital allocator in europe by

*checks notes*

pivoting into alts

Single B credit backed annuities. What could go wrong.