Damus
SuiGenerisJohn profile picture
SuiGenerisJohn
@john

Interesting times. Dad, Husband, I mine fiat by practicing law. ⭕

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Recent Notes

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SuiGenerisJohn profile picture
The market is the authority but some assets aren’t subject to clean objective market forces. I’d say do a deep dive on these grey banking private credit structures it’s beyond me to explain simply but you can imagine the shenanigans that result when someone marketing an investment asset is the same person who evaluates the “value” of it.
Artur · 7h
Two weeks to flatten the curve.
SuiGenerisJohn profile picture
This is the thing you should pay attention to:

>Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.

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