Finance nuggets from the smartest and wealthiest minds 💰
Jan 15 • 12 tweets • 4 min read
In 2008, Iceland’s economy collapsed.
Everyone expected a disaster.
But instead of bailing out banks, they jailed bankers—and protected their people.
Here’s how Iceland turned its collapse into one of the greatest economic comebacks in history:
In 2008, the world was gripped by a financial meltdown.
Iceland, a small island nation with just over 300,000 people, was at the center of the chaos.
Its three largest banks—Glitnir, Kaupthing, and Landsbanki—had debts ten times the size of Iceland’s GDP.
Jan 13 • 12 tweets • 4 min read
Japan's economy is a mystery:
• Debt at 250% of GDP.
• Growth stuck near zero for decades.
• Yet no economic collapse.
Here’s how Japan broke every economic rule and still survived:
In the late 1980s, Japan was a financial superpower.
The stock market was booming, real estate prices were astronomical, and wealth seemed limitless.
But beneath the surface was a ticking time bomb.
Banks handed out loans with reckless abandon, fueling an unsustainable bubble.
Jan 12 • 15 tweets • 5 min read
Argentina was once one of the richest countries in the world.
Today, it’s a story of crippling debt, runaway inflation, and 9 defaults.
What went wrong—and what can global investors learn from Argentina’s endless economic chaos:
In the early 20th century, Argentina was one of the wealthiest nations globally, comparable to the U.S. and Western Europe.
But by the mid-1900s, political instability, populist policies, and erratic fiscal decisions eroded its economic foundation.
Jan 11 • 12 tweets • 4 min read
China’s “ghost cities” are a modern mystery:
• Entire cities built with no residents
• Billions spent on empty skyscrapers and malls
Why did this happen—and what does it reveal about the dangers of speculative growth?
Here’s the story behind China’s economic bubbles:
A ghost city is an urban area built with full infrastructure—apartments, offices, malls, and highways—but almost no residents or businesses.
These Cities were built because:
1. Government Growth Targets: China’s local governments are incentivized to show GDP growth.
Dec 26, 2024 • 14 tweets • 5 min read
China’s $1 Trillion gamble is reshaping the world—but at what cost?
• 140+ countries
• Massive infrastructure
• And allegations of debt-trap diplomacy
Here’s how the Belt and Road Initiative is transforming global geopolitics—and why it’s sparking fierce debate:
The BRI, often called China’s “21st-century Silk Road,” is a vast network of railways, highways, ports, and digital corridors linking Asia, Africa, Europe, and beyond.
The initiative has two main components:
Dec 23, 2024 • 12 tweets • 4 min read
This is The History of Stock Market Crashes.
From the Great Depression to the 2008 Financial Crisis, stock market crashes have wiped out trillions in value.
Here are the most disastrous crashes in history and the lessons they’ve taught investors: 1. The Panic of 1907
The Panic of 1907 was triggered by failed speculation in the copper market, causing bank runs and a severe liquidity crisis.
The absence of a central bank in the U.S. at the time magnified the crisis.
Dec 22, 2024 • 16 tweets • 5 min read
In 2008, a junior trader pulled off one of the most dangerous financial schemes ever.
When the truth came out, it nearly bankrupted one of the oldest banks in France.
Here’s the full story of the $7 billion error that shocked the world:
Jérôme Kerviel was a junior trader handling relatively low-profile trades for Société Générale.
He was known by his peers as hardworking but unassuming.
But in January 2008, this inconspicuous trader sent shockwaves through the financial world.
Dec 21, 2024 • 13 tweets • 4 min read
Look at this man.
He sold 8 million acres of fake land, convinced hundreds to move to a country that didn’t exist, and walked away rich.
Here’s the unbelievable story of Gregor MacGregor and the greatest scam in history:
History is full of scams, but few can match the audacity of Gregor MacGregor, a Scottish conman who sold an entire fake country to unsuspecting investors in the 1820s.
Born in Scotland in 1786, MacGregor’s early life was steeped in ambition and manipulation.
Dec 19, 2024 • 12 tweets • 4 min read
Look at this man.
He made $1 billion betting on the Asian financial crisis and crushed the economies of three countries:
South Korea, Indonesia and Thailand.
Here’s the story of George Soros attack on Thai bhat (the boldest trade in Asian history):
In the early 1990s, many Asian countries were experiencing unprecedented economic growth.
Thailand, Malaysia, Indonesia, and South Korea became known as the Asian Tigers due to their booming export-driven economies.
Dec 17, 2024 • 16 tweets • 5 min read
This Harvard professor outperformed Warren Buffett, Ray Dalio and Peter Lynch for 36 years.
He made billions in the stock market using mathematical models and algorithms.
Here are the trading secrets of Jim Simons (the man who cracked Wall Street):
Before building one of the most successful hedge funds in history, Jim Simons was a mathematician and a former codebreaker for the U.S. government.
With no formal finance training, he took an unusual approach to investing.
Dec 16, 2024 • 11 tweets • 4 min read
Larry Fink lost $100 million in a single quarter.
Everyone thought his career was over.
But in just a few years, he built BlackRock—now managing over $10 trillion.
Here's the story behind his rise from Wall Street’s biggest failure to the king of global finance:
Fink started his career in the 1970s, quickly rising through the ranks at First Boston.
By 1985, he was the firm’s top earner.
But in 1986, a $100 million loss from unhedged risks rocked his career.
The loss, coupled with the market crash that followed, led to his sidelining.
Dec 15, 2024 • 12 tweets • 4 min read
Charlie Munger was a big believer in mental models.
But he’s not the only one—Warren Buffett, Ray Dalio, and Peter Lynch also use mental models before investing in a company.
8 most powerful mental models I've learned from genius investors: 1. Circle of Competence (Warren Buffett)
Only invest in areas you fully understand.
Buffett focuses on industries he has a deep understanding of, avoiding those outside his expertise.
If you don’t understand how a business makes money, don’t invest in it.
Dec 13, 2024 • 11 tweets • 4 min read
In 2008, millions lost their homes, jobs, and savings.
The men who caused it? They made billions and walked free.
Here’s the untold story of how Wall Street’s greed crushed the world—and why it could happen again.
In the early 2000s, Wall Street was a profit-making monster.
Banks were securitizing mortgage loans into complex financial products like:
Collateralized Debt Obligations (CDOs), repackaging risky subprime loans, and selling them as "safe investments."
Dec 12, 2024 • 9 tweets • 3 min read
Look at this man.
He made $1 billion in one day and almost brought down a whole nation.
Here's the story of how George Soros broke the bank of England (the boldest trade in history):
In 1992, George Soros, a hedge fund manager, identified a weakness in the British pound and decided to bet against it.
This trade is famously known as Black Wednesday.
Dec 11, 2024 • 16 tweets • 5 min read
In 1982, "God’s Banker" was found hanging from a London bridge.
A $790M scandal, mafia ties and secret Vatican accounts—all leading to one question:
How did the Vatican build a financial empire so powerful yet shrouded in mystery?
Here’s the untold story of power & corruption:
The Vatican wasn’t always a financial titan.
In the early 19th century, the church faced its gravest crisis.
After Napoleon invaded Rome in 1798, Pope Pius VI was taken captive, and the Papal States—a key source of income—were lost.
The Vatican was on the brink of collapse.
Dec 4, 2024 • 10 tweets • 3 min read
In 1990, Donald Trump was $900 million in personal debt.
His businesses were collapsing, and banks were seizing his assets.
But instead of going under, he orchestrated one of the greatest business turnarounds ever.
Here’s how Trump used debt to rebuild his empire:
By the late 1980s, Trump had built a massive real estate portfolio, including iconic properties like Trump Tower and the Plaza Hotel.
But his empire was heavily leveraged, with billions borrowed to fund his projects.
Dec 3, 2024 • 13 tweets • 5 min read
The most feared man on Wall Street: Jerome Powell
He holds the power to shake the markets with a single statement.
Here's how the Chairman of FED controls the economy of the world: 1. Control Over Interest Rates
By adjusting the federal funds rate, Powell can make borrowing cheaper or more expensive.
Lowering rates stimulates economic growth by encouraging spending and investment.
Raising rates can cool down an overheating economy and curb inflation.
Nov 27, 2024 • 13 tweets • 5 min read
This is the dark side of Wall Street.
Insider trading scandals have shaken the stock market and destroyed fortunes.
Here are the most famous cases (that will blow away your mind):
Insider trading occurs when someone with access to confidential information about a company uses that knowledge to trade its stock.
This information could include:
Nov 26, 2024 • 14 tweets • 4 min read
Look at this man.
He sold 8 million acres of fake land, convinced hundreds to move to a country that didn’t exist, and walked away rich.
Here’s the unbelievable story of Gregor MacGregor and the greatest scam in history:
History is full of scams, but few can match the audacity of Gregor MacGregor, a Scottish conman who sold an entire fake country to unsuspecting investors in the 1820s.
Born in Scotland in 1786, MacGregor’s early life was steeped in ambition and manipulation.
Nov 25, 2024 • 9 tweets • 3 min read
Look at this man.
He hacked the stock market from his bedroom, costing Wall Street $1 trillion.
Here’s the story of Navinder Sarao and the scandal that exposed market flaws:
On May 6, 2010, the Dow Jones Industrial Average dropped by nearly 1,000 points in minutes, erasing nearly $1 trillion from the market before rebounding.
Stocks and futures were being bought and sold at lightning speed, creating a feedback loop that sent the market into chaos.
Nov 21, 2024 • 9 tweets • 3 min read
For 36 years, this Harvard professor outperformed Warren Buffett, Ray Dalio, and Peter Lynch.
He made billions in the stock market using mathematical models and algorithms.
Here are the trading secrets of Jim Simons (the man who cracked Wall Street):
Jim Simons wasn’t your typical investor.
Before building one of the most successful hedge funds in history, he was a mathematician and a former codebreaker for the U.S. government.
With no formal finance training, he took an unusual approach to investing.