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Max Einhorn
@max_einhorn
cofounder @timewavelabs | contributor @valencezone | former management consultant @oliverwyman | grad @Wharton | Xeets NFA
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May 6
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20 tweets
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6 min read
Nixon's most controversial decision had nothing to do with Watergate.
It was made during a secret meeting at Camp David in 1971.
The dollar has lost 85% of its purchasing power since then.
Here's how this one decision is still destroying your ability to build wealth:
The story of the gold standard actually starts back in 1933.
FDR ended the domestic gold standard, making it illegal for private citizens to exchange dollars for gold.
But it didn't apply to foreign governments and central banks...
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Apr 10
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21 tweets
•
7 min read
This founder was richer than Bill Gates for 3 days.
Then he lost $70,000,000,000 when the dot-com bubble burst.
It was the biggest single loss of personal wealth in history at the time.
But Masayoshi Son's comeback story is even crazier. 🧵
Son's journey began as an outsider.
He moved to the US from Japan at 16 to study at UC Berkeley.
There, he built a business selling arcade games from Japan to bars and restaurants.
But his real vision formed when he saw a photo of a microchip in a magazine...