The Friday Five: $4 Billion Heist, Peloton Takedown, & More
The Friday Five: $4 Billion Heist, Peloton Takedown, & More
Episode XL
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Today at a Glance:
Quote: Active vs. passive want.
Tweet: Epic Peloton activist takedown.
Article: The future of psychedelic medicine.
Podcast: Uncle Sam gets creative on inflation.
Bonus: Breaking down the $4 billion Bitcoin heist.
One Quote:
“When you want something, all the universe conspires in helping you to achieve it.” — Paulo Coelho, The Alchemist
“Want” can be passive or active.
Passive “want” will rarely succeed.
Active “want”—hard work, accountability, resilience—will move the Earth.
One Tweet:
This is an exceptional breakdown of the activist investor takedown of Peloton and its former CEO John Foley. The underlying activist slide presentation it references is quite comprehensive in its attack.
This slide is particularly crushing:
But honestly they could have saved a lot of paper and just gone with the below. Same energy. Ouch.
One Article:
The Future of Psychedelic Medicine Will Be Drugs You’ve Never Heard Of
Interesting, encouraging—and perhaps a bit terrifying depending on your perspectives on such things—piece on the search to discover and build new psychedelic compounds to treat a variety of mental health challenges.
I’m personally very excited about the potential for certain psychedelic treatments to revolutionize treatment of depression—but there is a lot of work to be done.
Worth a read if you’re interested in the future of healthcare.
One Podcast:
Planet Money: Uncle Sam wants YOU to fight inflation
Fantastic quick (~20 minute) podcast episode on how the U.S. government sought to fight back inflation during WWII.
We should all strive to become students of the past. The smartest and most successful people I know share one trait in common—they’re all history buffs. History may not repeat itself, but humans definitely do.
Listen to it on Apple Podcasts or Spotify.
One Bonus:
I’m obsessed with the story of this Bitfinex hack and this week’s arrests of the couple who allegedly tried to launder $4 billion in stolen Bitcoin through a bunch of Walmart gift cards and tiny SaaS companies.
There’s something so hilarious about the “problem” they faced:
Launder $72 million (value at time of hack)—ok, maybe doable.
Launder $4 billion (current value)—holy s*** what do we do?!
Great breakdown of the events. We are going to do an episode on this ASAP.
By the way, this is the last thing you see before you get your Bitcoin stolen.
Where It Happens Podcast
Forget Zero-Sum, Be Positive-Sum with Harley Finkelstein
Watch it on YouTube and listen to it on Apple Podcasts or Spotify. Want more? Join the 4,000+ in our unique community on Discord.
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Liam CRUSHED that Peloton thread. So informative.
Out with Foley... Now let's see if they can turn Peloton around...