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#ElizabethHolmes trial day 12 — likely former Theranos Lab Director Adam Rosendorff's last day on the stand.

A new "local" witness may round out our day.

Stay tuned!
The "local" witness's identity revealed: Steven Burd — the former CEO of Safeway.

#ElizabethHolmes #Theranos
Defense attorney Downey objects to Burd testifying, saying it's, “Leading to a distraction that we don’t need.”

Judge Davila proposed precluding the number of dollars (300 million) that Safeway spent building out their stores — allegedly to equip them with Theranos tech.
Read 122 tweets
My “degen” IRA hit a mini milestone today. It started with a humble balance & the intention to trade actively. Active trade I did. Started in late 2018, today it hit an ~8x. But a 20x+ off its lows. I have a few potentially interesting takeaways from this experiment I’ll share.
It’s worth starting by saying this was generally full of lessons in “how not to do it”. However, aggression was my strategy at the outset. I haven’t run traditional metrics like Sharpe at it yet, but they’d be terrible. I experienced several 50% drawdowns. One 75%+ drawdown.
Every drawdown of size was created by allocating too high a % of my portfolio to highly correlated options strategies. Once I put a roughly 20% portfolio cap toward long premium, performance increased massively.
Read 14 tweets
1/365 - Starting this thread with one of the first Motorcycles to be built in India. The @royalenfield #Bullet350. A Motorcycle which was initially built for the Indian Army but with time found patronage amongst varying genre of people achieving a cult status over the decades. ImageImageImageImage
2/365 - After selling imported Vespas for a while, Bajaj Auto started manufacturing the #Bajaj150 under license in 1959. This was one of the first Scooters in India and certainly changed the 2-Wheeler scene as it was initially available at a significant premium in the market. ImageImageImageImage
3/365 Automobile Products of India (API) was the 1st Scooter maker in India and manufactured the #Lambretta Li 150 Series 2 under license from Innocenti at Bombay in the 1960's. This scooter was very popular and made appearances in a few famous Bollywood movies too. #BikerLife ImageImageImageImage
Read 73 tweets

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