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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 29 May 2019
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      Sick and rereading Lying for Money, and chapters 5 and 6 (Cooked Books and Control Fraud) are hilarious in a “I feel guilty about how many lives that are going to be ruined but this is a comedic sentence” sort of way. Not about cryptocurrency... not not about cryptocurrency.

      5 replies 2 retweets 41 likes
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    2. Patrick McKenzie‏ @patio11 29 May 2019
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      Quoting Wolf of Wall Street: “And what secret formula had Stratton discovered that allowed all these obscenely young kids to make such obscene amounts of money? ... [A] majority of the richest 1% of Americans are closet degenerate gamblers[.]”

      1 reply 4 retweets 14 likes
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      Patrick McKenzie‏ @patio11 29 May 2019
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      pic.twitter.com/DWkWHof5yK

      12:17 AM - 29 May 2019
      • 7 Retweets
      • 15 Likes
      • sww1235 Todd Lynam Jeff Lonsdale Ata Mark Bahnman Saiem Amer Tyler Hayes 🕺hi from quarantine Raghav Agrawal D-Cells Bruised My Flesh
      6 replies 7 retweets 15 likes
        1. Patrick McKenzie‏ @patio11 29 May 2019
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          “The snowball property of growing companies means that if you are extracting cash fraudulently, you usually need to be growing the fake earnings at a higher rate. So people who are correctly identifying frauds can often look like they are jealously attacking success.”

          0 replies 5 retweets 15 likes
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        2. Jelle Prins‏Verified account @jelleprins 29 May 2019
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          Replying to @patio11

          Which book is this?

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 29 May 2019
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          Replying to @jelleprins

          Lying for Money, Dan Davies.

          0 replies 0 retweets 2 likes
        4. End of conversation
        1. Josh Davis‏ @JoshD 29 May 2019
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          Replying to @patio11

          Sounds like the Hong Kong stock market.

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        1. Nicolas Raynaud‏ @nraynaud 29 May 2019
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          Replying to @patio11

          Simply mayo?

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        1. Ivo Oltmans‏ @IvoOltmans 29 May 2019
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          Replying to @patio11

          You might also enjoy "Billion Dollar Whale" by Tom Wright about 1MDB.

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        1. Gordon Shephard‏ @ghshephard 29 May 2019
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          Replying to @patio11

          Reminds me of the time my company purchased about $25mm worth of routers from lucent, on the condition they buy $25mm worth of our LDAP servers. Just a month or so before we sold our company to AOL/Sun for $4B and all the parties sales into the sunset, rich as could be.

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