Steve Hou
@stevehou
Head of Research @Silicon_Data. @UMICH/@ETH_en/@UVA alum. Perpetually curious, but also "incredibly unsophisticated" (according to Chamath Palihapitiya)
Joined November 2016
5.6K Following 59.9K Followers
Taylor Swift’s husband invested in a Ponzi scheme called “Phillip Morris Pakistan” operated by an investor by the name “Jawahar” and people still don’t take football concussion injuries seriously.
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There is a reason why such funds have historically been only open to the wealthy.
They are opaque — which, among other things, attracts bad actors.
The bottom end of the market is rife with fraud.
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