Flooding left vehicles piled up and people stranded inside Sao Paulo’s Anhangabau tunnel. People had to wait for the floodwaters to recede before rescue teams could reach them.
flood's trading partner was asked how he'd turn $100k into $1 million. his answer: "get a job"
kyle soska says a $100k portfolio is too small to devote your entire working life to compounding.
at $1 million, his answer changes. keep living costs under control, take smaller opportunities and wait for the rare trade worth sizing up.
people do often underestimate how capital intensive trading is.
flood and kyle soska went from heavily exposed to ethereum to zero ETH exposure within 48 hours, according to kyle. the trigger was a twitter space.
he says someone involved with eigenlayer described struggling to find yield for $11 billion of deposits.
kyle called flood:
"Look, we have to talk right now. Like, this cannot wait."
he remembers their exit around $3,800. flood had been looking at miami property when the call came.
Floods are becoming more frequent, more intense and are impacting more lives.
Resilience is no longer optional. It must shape how we plan, invest, and respond to protect lives and support economies.
The signal is clear:
Floods after heavy storms trapped some people in their cars and forced the evacuation of some tourists on the Greek holiday island of Crete, local officials said Saturday.
Floodwaters in Bangkok were receding as rain eased and a low-pressure system moved westward after dumping nearly 12 inches of rain, but major canal water levels remained high