Max Einhorn Profile picture
cofounder @timewavelabs | contributor @valencezone | former management consultant @oliverwyman | grad @Wharton | Xeets NFA
Jun 27 14 tweets 4 min read
A dying banker spent his final months studying crypto and discovered the one technology to change finance forever.

What he found made him QUIT his Wall Street career and raise $58M.

Here's what made him bet everything on this breakthrough: Image The revelation came during chemotherapy in 2020.

@LucaProsperi studied 15 years of traditional finance - investment banking, hedge funds, private equity.

He knew money transmission intimately.

But DeFi showed him something that shattered everything: "The first real attempt to recreate the checks and balances of our financial system from the ground up."Image
May 31 18 tweets 6 min read
The eurozone crisis of 2012 nearly destroyed the euro.

Italy and Spain were bleeding billions.

Their borrowing costs hit 7% - economic death territory.

Then Mario Draghi did what no banker dared try before.

Here's how he saved millions of jobs with just 3 words: Image A brief backstory first.

By 2012, Greece had received two massive bailouts.

Now the crisis spread to larger economies - Italy and Spain.

With a combined debt of €3+ trillion, they were too big to bail out.

And that's when the eurozone began unraveling at its seams:
May 16 22 tweets 6 min read
In 1923, Germany experienced the worst inflation the world had seen in over 100 years.

Workers were paid twice daily. Morning wages lost half their value by afternoon.

Here are the lessons that hyperinflation taught us and how we can apply those lessons to win today 🧵 Image WWI left Germany devastated – militarily and financially.

The country funded its war through massive borrowing, not taxation.

By 1918, German debt ballooned to 156 billion marks. The assumption? They'd win and make defeated enemies pay.

That would prove catastrophically wrong:
May 6 20 tweets 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: Image
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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...
Apr 10 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. 🧵 Image
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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...