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From Billionaire to Behind Bars: The Shocking Downfall of Bill Hwang and Archegos Capital
Elevate Insights
July 15, 2024
Happy Monday everyone! Microsoft has withdrawn its observer seat on the OpenAI board amid regulatory scrutiny of big tech’s relationship with artificial intelligence startups. Billionaire Bill Hwang was convicted of 10 out of 11 charges brought against him and Archegos Capital. More on this later in the Weekly Topic
The Office (2005) - S03E13 The Return
In other news, Another cryptocurrency exchange platform, BitMEX pleaded guilty to a U.S. charge over anti-money-laundering failure. Jeff Bezos recently sold $863.5 Million worth of shares as part of a $5 Billion Liquidation Plan
⤵️ In this week’s insight:
An Activist Investor on Challenging the Status Quo | Bill Ackman | TED
A Platform for Growing Additional Sources of Income
From Billionaire to Behind Bars: The Shocking Downfall of Bill Hwang and Archegos Capital
🗣 Quote of the Week
"When everything seems to be going against you, remember that the airplane takes off against the wind, not with it"
🔎 Weekly Highlights
An Activist Investor on Challenging the Status Quo | Bill Ackman | TED
Summary
Bill Ackman emphasizes the importance of challenging the status quo in both investing and governance, advocating for long-term strategies and enhanced decision-making processes in businesses.
He highlights the pivotal role of diversity, equity, and viewpoint inclusion in organizational culture and decision-making, underlining the significance of varied perspectives for informed choices in investments and business operations.
Ackman delves into the democratization of voices and the potential of AI, showcasing his commitment to leveraging innovative and ethical approaches to drive progress and societal growth.
💸Assets & Commodities
Minor Change: Previously it only showed market close but I have changed it to show the year-to-date (YTD) data.
📬 Weekly Trivia
The Simpsons - How the Test Was Won [S20E11]
Q. Who is the founder of the Virgin Group?
The trivia answer is at the bottom of this week’s insight
🔗 Elevate Sphere
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