Originally aired on July 3, 2023
Nick Black discusses various topics including the importance of protecting personal information, the performance of AI investments, the role of “dumbasses” in creating opportunities for financial arbitrage, updates on the Bitcoin market, and speculation about Gary Gensler’s future as the chair of the SEC.
Are AI investments performing well?
- AI investments have been successful, with Nick’s AI portfolio experiencing significant growth.
How do “dumbasses” contribute to financial opportunities?
- The presence of individuals making poor decisions in investing and in society creates opportunities for intellectual arbitrage and financial gain.
What are the updates on the Bitcoin market?
- Gary Gensler initially claimed that no ETF filings met the SEC’s requirements, but later clarified that they simply needed more clarity on certain issues, following pressure from BlackRock.
- The SEC’s distinction between a spot ETF and a cash-settled ETF is being challenged in a lawsuit against the SEC by BlackRock.
- Rumors circulate about Gary Gensler possibly resigning, although unlikely.