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all right this one actually scared me a little bit Sequoia of the top Venture firms in Silicon Valley just declared their 200 million dollar investment in FTX as a total lost in a letter to investors they explained that thereamp;#39;s a massive liquidity crunch that has led to solvency issues however they did explain that it wasnamp;#39;t like a top 10 position in the fund and the total investment was less than three percent of the committed Capital to the fund thereamp;#39;s something called a write down this is when an investor takes an unrealized loss on an investment and it happens when the value of the asset Falls below the original purchase price for example letamp;#39;s say you buy a stock for 100 per share and the stock goes down to 90 you have taken a 90 L itamp;#39;s now worth ten dollars so you write down ten dollars why do investors write down their Investments well to reflect the lower value of the asset on their books to take a massive tax deduction and to send a sig