The ACID Capitalist Podcast

The Collapse of Three Arrows Capital: Part I with Kyle Davies


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The Collapse of Three Arrows Capital: Part I with Kyle Davies

This week we have a fallen angel or maybe that should be a broken arrow? Kyle Davies will forever be associated with flying too high and crashing to zero in the crypto catastrophe of 2022. He wanted it all and he wanted more. This is the story of yet another credit bubble that elevated Mice and eviscerated Men until lenders simply begged you to take their money. And Kyle was the whale. He had the audacity to pass himself off as a hedge fund. He levered up to 4 yards. He was the recipient of all that newly minted credit and boy he sprayed money everywhere Hell crypto was going to the moon This is a story of audacity and breathtaking incompetence when you break money you break mens minds Many will judge the man, I just think it’s a fascinating story of myth and mischief, so pull up a chair and tune in... 

***THIS IS NOT INVESTMENT ADVICE!!***

00:00:00 - Dead Bodies
00:01:00 - Origin Story
00:11:27 - No down months
00:14:00 - VAR?
00:18:30 - "Trading should be easy"
00:23:17 - ICO Craze 
00:30:10 - Lindy Man Long
00:32:00 - Razor Sharp 
00:35:38 - The COVID Dump 
00:37:14 - All in?
00:40:00 - Grayscale 
00:46:15 - The smart thing to do 
00:49:20 - A challange 
00:53:00 - Leverage 
01:00:00 - To be continued... 


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