Wild story of timing and forced selling.

FTX put $500M into Anthropic early.
At today’s numbers, that stake would be worth ~$30B.
But during bankruptcy they had to sell it for $1.5B.
So they locked in profit… yet missed about $28B more upside.
Put it in perspective:
•FTX bankruptcy hole ≈ $9B
•Missed Anthropic upside ≈ $28B
One single investment could’ve covered the entire collapse multiple times.
Big lesson:
Sometimes the worst losses don’t come from bad investments —
they come from being forced to sell the good ones too early.