stack owl retweeted
I knew that the Anthropic S1 would have some goofy risk factors but this has to take the cake
Readers added context they thought people might want to know
This post is satire.
sec.gov/Archives/edgar…
stack owl retweeted
The longer you do this job, the more you realize how much of finance is just everybody asking everybody else what they should think.
Ughh. Saw this a couple of days too late! Would have loved to.
Otoh, glad the luggage arrived finally.
stack owl retweeted
One of the benefits of the AI boom is that it gave us the word "slop." A perfect word, not only to describe the verbal garbage that AI generates, but that humans generate as well.
stack owl retweeted
I was fortunate to have worked for @VicNiederhoffer in 2010/2011 and to have had him as my thesis advisor in grad school (paper on stat arb in ag futures based on cobweb theorem). I learned a lot from him about trading and life. Such a character. Endlessly curious. A genius if ever there was one. Sad to hear he is gone but glad I got to know him and that he shared so much with me and the world. Need some time to properly pay homage in writing. For now, RIP Vic.
The focus on the hold / hike decision is just a red herring. Markets actually had a relief rally with no hike because FFQ6 was pricing in a 33% chance. But the curve steepening is the Fed losing credibility- with the 30y selloff
stack owl retweeted
Maximizing returns is easy to admire in hindsight.
Surviving drawdowns is what matters in real time.
A strategy with the highest CAGR can still be useless if you cannot stick with it when everything is falling apart.
The best portfolio is not always the most aggressive one.
It is the one you can keep trading when it matters most.