hendzen

5 ms·

1.
XTX Markets Launches UK Dynamism Fund(ukdynamism.fund)
3 points by hendzen 2mo ago|0 comments
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by hendzen 5mo ago
Neat idea but this is clearly vibecoded slop. also, apex clearing is gonna send you an angry letter asking you to change the name pretty soon.
3.
by hendzen 7mo ago
@pg on @sama: "you could parachute him into an island full of cannibals and come back in 5 years and he'd be the king." In retrospect this quote comes across as way more foreboding given what we've learned about the scal
4.
by hendzen 2y ago
Jane Street made 4.4bn net income in Q1 2024 w/ 2600 employees. Tether made 4.5bn net income in Q1 2024 w/ probably <50 employees.
5.
by hendzen 4y ago
I would be happy to support a bailout of SVB in exchange for some reasonable concessions to American taxpayers. 1) Skin in the game - GPs of YC / a16z / Sequoia / Founders Fund / etc put in some equity in to a joint vent
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by hendzen 4y ago
This is really cool. Great work
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by hendzen 4y ago
I know a bit about this industry and I have worked on some profitable systems. Honestly not a bad effort for someone working on their own with low-cost data. Don’t let the haters get you down. I would recommend you to pick up a more recent
8.
by hendzen 4y ago
Not quite. The market is pricing in a certain trajectory of rate hikes - basically another four 50bp increases with terminal rates around 2.5-3%. If inflation doesn’t start coming down that trajectory will change and the market will adjust
9.
by hendzen 4y ago
Exactly, the relative weights are often proportional to the market cap. So if I invest $1M in the S&P that doesn't actually change the relative weights of the stocks in the index (mostly), since the impact on all of the underlying
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by hendzen 4y ago
my personal theory is that active management can still produce market-beating returns but the good active managers will rapidly grow their capital base to huge levels where they don't need much outside investment. On the other hand - n
11.
by hendzen 5y ago
Have they considered raising VC?
12.
by hendzen 5y ago
YC is not some magic fantasy organization. Like any other org you should probably discuss things your upset about internally with relevant stakeholders before complaining on Twitter. That said telling other people how to circumvent vaccine
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by hendzen 5y ago
Somebody watched Ted Lasso recently
14.
by hendzen 6y ago
I'm happy that guy did well. But one guy taking a negative expected value bet and winning big doesn't really help all the other little guys on WSB who got roped in to buying GME at 100+ today or might even be ITM on their calls bu
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by hendzen 6y ago
The only person really winning here is Ken Griffin.
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by hendzen 6y ago
Stan used to only be able to parallelize across chains but they introduced within-chain parallelism this year. Even then some of the work is still serial so I don’t think you can expect linear speedups past a certain point.
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by hendzen 6y ago
If you want to learn Stan I highly recommend the book Statistical Rethinking (2nd Ed) by Richard McElreath. It’s a pedagogical masterpiece and light years away the best resource I’ve found on learning Bayesian inference.
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by hendzen 6y ago
Her generosity notwithstanding, she probably hired a great PR agency.
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by hendzen 6y ago
Cloudera... you mean the same Cloudera that has basically traded below the IPO price for years?
20.
by hendzen 6y ago
Guessing some kind of device for stealthy Van Eck Phreaking.
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by hendzen 6y ago
In fairness the CME/conference circuit is basically a way for physicians to legally embezzle a free vacation. Many of those conferences are held at places like Jackson Hole, the Bahamas, etc, with relatively short amount of hours per d
22.
by hendzen 6y ago
there is an ETF that does this, at 2 years rather than 10. https://www.renaissancecapital.com/IPO-Investing/US-IPO-ETF . Performance ITD has been worse than SPY until very recently when a lot of tech companies (incl IPO
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by hendzen 6y ago
Is the average person in our society better off in a world where anyone can move $1B anonymously? Why do you think regulators might want to take an interest in such transfers?
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by hendzen 6y ago
Apple takes a 30% cut of all IAP. Google scrapes info and displays it in widgets above links to the actual content. Google charges trademark holders AdWords ransom to protect searches for their own brands. Amazon kills OSS business models b
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by hendzen 6y ago
Overly simplistic view that misses out on a lot of nuances about who in the US benefits and who is harmed by the dollar system. For a much better essay see here: https://phenomenalworld.org/analysis/the-class-politics-o
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by hendzen 6y ago
The aggressive liquidity taking strategies cause wider spreads and shallower books as liquidity providers are forced to quote wider and smaller to avoid those adversely selected orders. This essentially is a small tax (or rent) collected fr
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by hendzen 6y ago
I think it’s more nuanced in reality. There are liquidity providing HFT strategies that profit off the spread - this is good for people moving big size like Vanguard. Then there are liquidity taking strategies that profit by picking off quo
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by hendzen 6y ago
probably makes sense to use a few different metrics of information ratio vs $SPY, t-bills and a 60/40 portfolio.
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by hendzen 6y ago
adjusted close prices aren't what you want, when a dividend occurs the adjusted close price is reduced by the dividend amount. you want total returns.
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by hendzen 6y ago
> we absolutely do not want Mark Zuckerberg or his employees to make decisions on what is or isn’t newsworthy. The problem is that they already ARE making decisions on what is newsworthy. It is not possible for them to be neutral. Today

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