Get-rich-slow scheme researcher. May like good tweets from bad accts. Expect sarcasm. Suggested 0.5% royalty for idea use pls.
Joined January 2018
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ActuallyFin retweeted
I recently asked ChatGPT to improve the efficiency of some simulations from a few years ago. To my amazement, its code ran in a few seconds instead of 3 hours.
It turns out it went into the GitHub repository, downloaded my final results, and used it as a starting guess in the optimization.
I then tried running it on a new set of parameters. It’s been 15 hours.
ActuallyFin retweeted
How to make yourself happier:
1) Open your calendar to 2 years ago.
2) Find whatever the big drama was then.
3) Realize it wasn't a big deal
Then, shotgun about 6 beers with your friends.
ActuallyFin retweeted
No country on Earth assimilates better than America. These are football obsessed 2nd gen immigrant kids wearing cowboy hats, crushing beers, throwing up horns, and celebrating one of the greatest comebacks in school history.
THIS is why America rules the world.
ActuallyFin retweeted
Militia Capital is hiring a quantitative engineer in Austin.
AI is probably going to eat discretionary investing in the next 10 years.
We want to create AI tools and trading systems that distill and improve the judgment of our portfolio managers. We're not a HFT/MFT shop and don't expect to compete there; we're trying something different, which is to automate and trade on superior qualitative forecasts over weeks, months and maybe years.
We're looking for exceptional statistics/ML, problem-solving and engineering ability. Finance experience is optional. Exceptional graduates and candidates from other technical fields are welcome.
Pay: $275K base, $300K-$500K target bonus, depending mostly on your contribution to profits.
Email [email protected] with your resume and a short description of your hardest technical project (research, open-source work, etc.), ideally with a link to it.
I can't reply to everyone, and I apologize for that.
ActuallyFin retweeted
This may be the dumbest thing I’ve seen in months… and we’ve been exposed to a lot of dumb stuff the past few months. yougov.com/en-us/articles/55…
ActuallyFin retweeted
Brian Armstrong joined the Giving Pledge in 2018 as the "first crypto billionaire" right before Coinbase went public, rehabilitating his image... only to quietly drop it in 2024 once his net worth hit $11 billion.
Coinbase CEO Brian Armstrong says donating to charity is net negative
"The common view is that philanthropy is this noble cause, and Bill Gates is like 'I'm going to go rehabilitate my image and do philanthropy.'"
"A lot of charities and philanthropies are actually net negative for the world and they get captured. It's remarkably hard to find a foundation that has not gotten captured by ideology.”
“By trying to do something good, like criminal justice reform, it turns out they just increased crime. I have a donor advised fund and I put money toward things helping civilization advance, but I don't think at this moment I would ever create a foundation."
"If you look at the Ford Foundation, I think Henry Ford would be turning over in his grave if he knew what they were up to.”
“I have a DAF, a donor advised fund, and I just try to put money toward things that I think are helping civilization advance. But I don't think at this moment I would ever create a foundation."
ActuallyFin retweeted
Chamath walked away with ~$750M in profits across his SPAC empire, while public investors lost an estimated ~$45B to $50B in peak market value across his 18 total deals.
Out of 10 sponsored SPACs and 8 PIPEs, 4 dissolved, multiple went bankrupt (Proterra, Sunlight), and 5 of his 6 completed SPAC mergers dropped 50% to 98% below their $10 issue price.
Chamath says Silicon Valley lost what made it great and only cares about money now
"Silicon Valley has completely lost what made it great. It was a place for weirdos, for people at the fringes, for people that really were idealistic. And it has become something that's far from that now. It is the equivalent of what Harvard used to be. It's a credentialing place."
"When we came, we used to aspire to meet the Bill Campbells of the world, Mike Moritz, John Doerr. Those folks are gone. We used to aspire to work for Steve Jobs. He's not here."
"And in that breach, all we have done is focused on making money in every single way that we can, hand over fist. And there's nothing wrong with that. Except now it’s at a point where we need to do a better job of acknowledging it and trying to do a little bit better.”
“Every time we don't, and we're given a chance to be better, and we're not, the hatred builds, the animus builds. And that's what we're seeing now."
ActuallyFin retweeted
Fixed... apparently this is a hot take, but a great university with a great major is likely the best investment someone could ever make in themselves
And don't be confused by sticker prices... only rich people and foreign students should pay them
And you don't have to go to a four year school... lots of really great 2 year school + 2 years at a 4 year state options
ActuallyFin retweeted
I'm sorry but whenever I see "Hugging Face" I can only think of the xenomorph eggs in Alien.
ActuallyFin retweeted
From 1977 - 1993 the Vanguard 500 Index earned 13.7% annually. This is higher than the typical "market return of 11.8%" that Dave Ramsey suggests.
Had you retired in 1977 and started pulling out 8% a year adjusted for inflation as Ramsey suggests, you would have run out of money by September of 1993.
ActuallyFin retweeted
He used unaudited #'s (i.e. Cha-Math) in his investor letters to convince retail he was a better investor than Buffett.
He pitched SPACs to those same unknowledgeable investors on CNBC and Twitter.
He tweeted "trust the process" to his followers when the SPACs were struggling, while selling his entire personal $SPCE stake for $200M+ a month later.
Retail collectively lost billions. He says himself that he made ~$750M.
Then he had the nerve to write an op-ed on how SPACs needed to be fixed.
Now he's back on CNBC outlining he should not have gone on CNBC to pitch SPACs... while pitching his new SPAC.
ActuallyFin retweeted
Rent control is a stunning policy.
The literature, the experts, and the repeated experience of reality all stand undivided in saying it's bad.
But the public loves it. It's insanely popular. It's basically a 75:25 issue and voters want more of it.
SITUATION EXPLAINED: Why does rent control create the exact housing crisis it claims to solve?
We asked @robkhenderson, senior fellow at the Manhattan Institute and author of Troubled.
"If you just say, 'I'm going to make this thing cheaper,' or 'I'm going to prevent the price from increasing,' that sounds great to a lot of people because they don't understand how market economies work."
"Often to make it more intuitive, I'll point out that in cities where they have implemented rent control policies, those are the cities that have the worst housing shortages. San Francisco, the Bay Area... they've had rent control policies for decades. Has that improved the housing situation or has it only made things worse?"
"People would rather manipulate prices than to build more housing."
