Chamath Palihapitiya's ambition has already taken him from Silicon Valley to Wall Street. But the 44-year-old says he’s just getting started. The Sri Lankan-born billionaire bootstrapped his way into riches at Facebook. Now he's the undisputed king of special-purpose acquisition companies, whipping up a frenzy that's made a fortune for him and his investors. A high-profile dabble in another recent mania — meme stocks — resulted in a $500,000 profit that he donated to charity. The next step, he says, is an empire of "all things Chamath" — casting himself as nothing less than the Warren Buffet of the Reddit era. See our full interview at the link in bio.
How to avoid losing all my money
Been swing trading for a few months now and so far things seem to be going well. I typically hold about 5-10 stocks at any given time ane try to limit my risk on each trade, use stop losses, etc. I keep reading stories about how people made all sorts of money only to lose it all very, very quickly. I'm just looking for some advice or examples on how to not let this happen to me. I know down weeks, months, or even years are going to be inevitable in this game. To lose everything, are people losing it all because they get reckless and/or overconfident and invest it all in a single high risk stock? Like I said, I'm still new to this and want to do my best to avoid common mistakes. Thanks!
● Tesla designer by day, chocolate chip engineer by night. Link in bio for more.⠀ ⠀ ● Remy Labesque has a compelling day job: He’s senior industrial designer at Tesla in Los Angeles. But for three years, he’s worked on a side project that’s enviable to people outside Elon Musk’s universe. Labesque has reengineered the classic chocolate chip because, he says, the 80-year-old teardrop shape is ill-suited to its function.⠀ ⠀ ● “The chip isn’t a designed shape,” says Labesque. “It’s a product of an industrial manufacturing process.”⠀ ⠀ ● The baking standby is optimized for mass production, not for baking in cookies whose broad surface area is better suited to maximize taste and melt-in-your-mouth texture. Labesque’s redesign for artisanal Dandelion Chocolate is a square, faceted pyramid, kind of like a flattened diamond. Two edges are thick, and two exceedingly thin, for even more textural pleasure.⠀ ⠀ ● Read more by clicking the link in our profile.
Home to the world’s second-largest Covid outbreak, life in India seems to be back to normal. Shopping mall parking lots are full again, and there are long lines for restaurants and salons. Scientists are puzzled by a steady drop in infections, with daily cases down nearly 90% from the peak, as other countries battle fresh waves. It's too early to say whether India’s current resilience will persist, but some experts speculate the country has already achieved herd immunity. Link in bio for more.
The "Buffett Indicator" is a simple ratio: The total market capitalization of U.S. stocks divided by the total dollar value of the nation’s gross domestic product. It first crossed above its previous dot-com era peak back in 2019. And although it has been trending higher for decades, even that long-term trend fails to justify the metric's frothy appearance right now. What's going on? One of the billionaire investor’s most-famous catchphrases comes to mind: Investors should "be fearful when others are greedy." Link in bio for more.
The World Trade Organization has selected Ngozi Okonjo-Iweala as its first female and first African leader. The 66-year-old's resume includes two terms as Nigeria's finance minister and more than 25 years at the World Bank. She takes the helm at a precarious time for the world economy, with the WTO facing challenges from protectionism, the pandemic, and the growing chasm between China and the West. Link in bio for more. 📷: Fabrice Coffrini / AFP via Getty Images
The Duke and Duchess of Sussex are expecting their second child, saying in a statement: "We can confirm that Archie is going to be a big brother." The couple posted a photo of themselves in a garden, with her hand resting on her bump. The baby will be eighth in line to the British throne. A Buckingham Palace spokesman said the royal family "are delighted and wish them well.” Click the link in bio for more.