The world wants you to be typical – in a thousand ways, it pulls at you. Don’t let it happen... You have to pay a price for your distinctiveness, and it’s worth it.
Looking to hire an analyst. Things s/he would do:
> manage their own liquid book (I’ll give them $500-1M to start then grow from there; keep 20% of profits)
> stay on top of teams in the portfolio
> provide research on emerging trends and ecosystems
Ultimately I see this as a stepping stone. If they’re successful managing their book, then I’ll help them branch off and launch their own find or just give them more capital
looking for someone with experience. Priority given to on chain resume and excellent reference checks
> independently discover a Zeno's paradox at age 3
> MIT at 17, grad level math in 1st year
> graduate in 3 years
> drive motor scooters from Boston to Bogotá with the boys
> start a company in Colombia
> start code breaking with the IDA for money
> solve minimal varieties in riemannian manifolds
> speak out against Vietnam War, get fired from IDA
> take over math dept. at Stonybrook, make it a top-ranked program globally
> develop Churn-Simons theory, accidentally contribute more to physics than most physicists
> get bored with math, start modeling financial markets
> return 60% for 4 decades straight
> establish one of the most effective philanthropic organizations of all time
> chain smoke cigarettes the entire time
RIP Jim 🫡
OLD COIN BAD, NEW COIN GUD
when i first moved from hft options mm to stat arb, i had to learn a v important lesson:
>spot price does not matter
>the only thing that matters is flows
essentially: it is easier to frontrun the next flows than to tell the mkt it is wrong
No investment is without risk:
Declining volumes, GLP losses, regulatory concerns, and competition 📉🚫⚠️ could all hurt GMX's potential
Mitigants include historical volume trends, hedging strategies, and GMX's competitive advantages ⚖️🛡️
I believe this is long term winner
Valuing GMX:
We can value GMX based on total protocol fees, revenue growth from market and share gains 📈💸 but.. even if volume stalls like it did in most of 2023..GMX can grow by just taking market share from other exchanges
1/ One of many challenges that crypto founders/ceos regularly face is how to define quantifiable company and product objectives/metrics in an environment that is volatile and rapidly changing.
Here’s a potential solve for this. 🧵