Flexing money can ruin your life. be the “Crypto King” - Aiden Pleterski - early 20s - Whitby, Ontario - rents mansions - posts Lambos and jets 2020 - starts taking money from friends and family - says he trades crypto and forex - promises big returns 2020–2022 - raises ~41.5M CAD - around 160 investors - operates through AP Private Equity reality - invests only 1.6% - spends ~16M CAD on himself - private jets - lakefront mansion - Lamborghini parents invest 50,000 CAD - believe he’s a genius trader - receive luxury gifts July 2022 - court freezes assets - forced into bankruptcy most of the money gone December 5, 2022 - goes to meet an “investor” - gets into a car in downtown Toronto - gun to his ribsand bag over his head three days kidnapped - beaten - burned kidnapping linked to an investor who lost money one kidnapper pleads guilty May 2024 - charged with fraud - charged with money laundering trial was yesterday and he got charged

.@flexport CEO Ryan Petersen on the Charlie Munger advice he passes on to AI founders: "The key to success is dumb competition." "One of my favorite things that Charlie told me at one of these dinners at his house was when I told him about Flexport, he was like, 'Oh, you have a great business because the key to success is dumb competition.'" "I always say that to people who are building AI companies. What a nightmare. Your competitors are literally AI geniuses." "You should find a way to apply AI in some other domain so you're not competing with the smartest people on Earth." "It's like trying to be a boxer. You might beat all the people in your local gym, but at some point you're gonna run into somebody who's gonna kick your ass." @typesfast w/ @shaneparrish