The secret signers revealed 🕵️‍♀️

On Wednesday, the names of two secret signers of Sam Bankman-Fried’s $250M bond package were revealed, and the identities have deep ties to Stanford.

16 Feb

"Only when the tide goes out do you discover who's been swimming naked."

— Warren Buffett

👋 Happy Thursday, y'all! Rallie here, the newsletter serving you the crypto scoop. Today's flavour? Rocky road.

On the menu:

  • 🕵️‍♀️ The secret signers revealed

  • 🗞️ Headlines that hit

  • 📈 Refresh: millionaires diversify

  • 💯 Top tweets

Rallie Recap

🕵️‍♀️ The curious case of SBF and his $250M bond.

  • On Wednesday, the names of two secret signers of Sam Bankman-Fried’s $250M bond package were revealed, and the identities have deep ties to Stanford.

  • The unsealed filings identified Larry Kramer, who served as the Dean of Stanford from 2004 to 2012, and Andreas Paepcke, a senior research scientist at Stanford as the two guarantors for SBF's bail, which prosecutors have described as the largest federal pretrial bond package in history. Yowza!

  • Larry Kramer is a former colleague of SBF's parents (who both taught at Stanford Law) and said that he signed as a guarantor to SBF’s bail because of his close friendship with the Bankman-Fried family.

  • Paepcke, who is a researcher at Stanford, declined to comment on his relationship with the family.

  • The documents revealed that Kramer signed a $500K bond, while Paepcke signed a $200K bond.

Our takeaway: It pays off to have friends who work at Stanford. 

Headlines That Hit

Rallie Refresh: Millionaires diversify 

Most millionaires have something in common, and that's ✨diversification✨ ...meaning, they don't put all their eggs in one basket (though right now, a basket of eggs sounds pretty luxe). Here are a few tips to help you diversify:

  • 📚 Do your own research: Warren Buffet famously doesn't invest in anything he doesn't understand. Always DYOR on an investment before you decide to invest your hard-earned cash. This allows you to make informed decisions and manage your risk appropriately.

  • 📈 Consider exchange traded funds (ETFs): ETFs are a type of investment fund that lets you buy a large basket of individual stocks or bonds, and can track an entire economic index (like the S&P 500) in one purchase. There are many types of ETF's and they're a great investment vehicle to offer broad-market exposure and diversify your portfolio.

  • 💵 Dollar cost average: We're all about that DCA, baby! Dollar cost averaging is when you buy a fixed amount of an investment on a regular basis. The idea behind dollar cost averaging is that your purchase price will average out somewhere between the highs and the lows, giving you a fair acquisition cost overall. It also helps with discipline in sticking to a schedule while building wealth.

Trending Tweets 

Our fav funnies to get you through the day. 

Congrats, you made it to the end! 

That's all for today. Stay hungry & we'll catch you next time. ✌️ 

Let us know what you think

Login or Subscribe to participate in polls.

DISCLAIMER: This is not financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.