Everett Gong

Hedge fund senior analyst. Former Director at blockchain real estate company. Wall Street to Crypto and Back. Boston sports fan.

[Everett Gong @EverettGong]

$IONQ..Even for those bullish on the stock, it's a fair question to ask if they could've achieved their commercial objectives via a partnership with Elisity vs. a full blown acquisition & simply waited. Even if price goes up, a rising IONQ stock price could lessen the dilution.

[Autumn Christian @teachrobotslove]

If you're married to someone who takes care of you, and is a good parent to your children, then you've won the game. There isn't anything out there that you're missing. You've already found what you're supposed to find.

So many people ruin their lives with a vague sense of dissatisfaction that is entirely constructed within their own minds. You're not going to find the answer by separating from your spouse, ruining your children's lives, partying, sleeping with strangers, "finding yourself" by taking a plane staring into the dead gas lamp sky of a thousand cities that all look the same in the heat of your misguided misery. I've blown my life enough to know that I'm skillful enough to recreate my own personal hell no matter the circumstances.

Stop trying to find the answer by running away. It's time to stay. Stay. You need to love harder. Explore what you already possess. Possess more only to give and enrich the life you currently have. Take responsibility for something important to you. Start a business. Take care of a relative. Be a better friend. Be a better parent. Create something beautiful. Love some more. Everything else is a dead end.

[Everett Gong @EverettGong]

More I think about it, more disappointed/angry I get...All Trump had to do was sit on his @$$ and he/country could be enjoying the best 4-year administration, rivaling Clinton's second term.

[Everett Gong @EverettGong]

$IONQ...Thinking out loud here. If QC can solve science/nature's hardest problems, isn't that worth way more than $25-$30m? Maybe there is a world where - for commercial customers - give away the units for free in return for some % of sales. Even small bps would be valuable.

[Terrible Maps @TerribleMaps]

A stereotype map of New England

[Justin Welsh @thejustinwelsh]

Modern luxury is the ability to think clearly, sleep deeply, move slowly, and live peacefully in a world designed to prevent all four.

[Ben Carlson @awealthofcs]

Walking around Family Video / Blockbuster w/your friends in high school looking for a movie to rent is something I really wish technology didn’t take away from us even tho it has made our lives easier

[Everett Gong @EverettGong]

@genejchan So he lived through the GFC at 17 !!!

[Everett Gong @EverettGong]

😮That was one of my fave follows back in the early says of fintwit.

[Michael Fritzell (Asian Century Stocks) @MikeFritzell]

Just realized this person is the former Brattle Street Capital 👇

[Joshua Lisec, The Ghostwriter @JoshuaLisec]

Most people talk about writing a book. A few actually become the person who published one.

[Everett Gong @EverettGong]

@firstadopter typically from high water mark

[Everett Gong @EverettGong]

Fair enough. But, people respond to incentives. If admissions officers at elite schools seem to be rewarding that experience, then hard to blame HS students for chasing it.

[Anand Sanwal @asanwal]

Wharton Professor warns the high school strivers with a sudden "interest" in research

Excellent sheep doing what excellent sheep do

[Brett Caughran @FundamentEdge]

This is so true. I lived this.

Functionally, my career as a "hedge fund guy" was over at 32. I built my ego around being a rising star, working at blue chip hedge funds, big bonuses, living the hedge fund lifestyle (fancy dinners, Hamptons share, brokers rolling out the red carpet).

A bad career decision, a few bad trades, and not only did my self identity shift from "rising star" to "damaged goods", but my nervous system was so shot that I couldn't even muster the energy for a comeback attempt.

I pulled the plug and moved my family from NYC to Arizona. I thought the change of scenery & lifestyle would be an immediate balm to the the angst I felt inside. Instead, things got dark, and really for the first time in my life, I struggled with depression.

My advice to anyone who peaks early is the criticality of a new dimension of purpose. For me, three young sons (at that point, 6, 4 & 6 months) and a loving & supportive wife were the critical elements that kept me on track, and got me back on track. And, in retrospect, the pain was the biggest gift I've ever received, as it drove a deep exploration of spirituality & the true architecture of the universe. I had time and space to explore questions I never had time to explore before, like "Who am I and why am I here?".

[Joseph Hernandez @hernandezforny]

Ken Griffin is the American story.

A kid trading out of a dorm room, who went on to build Citadel LLC into a global powerhouse.

He didn’t inherit it. He built it. Took risk. Won.

And what’s the result?

More than 2,500 jobs in New York City. Over $2.3 billion in taxes paid to New York. Over $650 million in philanthropic contributions tied to this city. Thousands more jobs coming from major development projects.

That’s not rhetoric. That’s impact.

But instead of learning from that success, some politicians would rather demonize it.

Because tearing people down is easier than building anything yourself.

So let’s be very real:

If Ken Griffin and firms like his leave New York… who replaces 2,500 high-paying jobs? Who replaces billions in tax revenue? Who funds the services you claim to care about?

A government-run grocery store?

That’s not economic policy. That’s fantasy.

And to @ZohranKMamdani

What have you actually built? How many jobs have you created? How many people depend on you for a paycheck? What real risk have you ever taken?

We need builders. Not people who attack them.

[Everett Gong @EverettGong]

😆 Basically every Howard Marks memo!

[Inglourious Capital @inglouriouscap]

With respect to the oil price, I’d encourage investors to act rationally. If you believe that others are underestimating the risk of further supply shocks, then it may be time to buy. Conversely, if you feel the market is extrapolating temporary events, it may be time to sell.

[Paul Enright @pmje73]

An increasing screen for me for whether someone has the temperament to invest institutionally or is someone I want to talk stocks with these days is how quickly and how often they label the market. Label it as “crazy”, “nuts”, “stupid”, “broken”. This is like my earlier post on being self authoring or self transforming. If you are self transforming you see the market as an object for what it is without judgement. If it opens on time and closes on time it’s working as it’s supposed to. If you are constantly frustrated and not bemused by the market it’s because you have a mental map of how it’s supposed to work and if it’s doesn’t conform to the map it causes you angst, or worse.

[Everett Gong @EverettGong]

I would add that unexpected forms of generosity are also stress reducers and facilitate peaceful living.

[James Clear @JamesClear]

Unexpected forms of generosity:

-Being early can be a form of generosity. You wait, so they don't have to.

-Leaving something unsaid can be a form of generosity. You don't always need the last word.

-Delivering your work on time can be a form of generosity. You make life easier for everyone downstream.

-Not taking things personally can be a form of generosity. You give people the space to say things imperfectly.

[Gregory Blotnick @gregoryblotnick]

the three rules of short-selling:

1. never short accelerating sales growth
2. never short accelerating sales growth
3. never short accelerating sales growth

[Gregory Blotnick @gregoryblotnick]

things that are supposed to "work" in investing/trading but actually have a 0% success rate

-sotp

-buybacks

-"paying a dividend will create/expand into a new yield-oriented shareholder base"

-"how did IR sound" "how did the CFO sound" etc

-RSI

-mean-reversion of any valuation metric or multiple

-debt to GDP, entitlement spending, other doomer pitches that end with "and then the 30-year goes to 12%"

-"wait until the market realizes that the depreciable life of their office kitchen microwave is 5 years and not 6"

-NAV discount

-M&A synergies

-ERP implementations (unless ur short)

-if 2nd best player with 30% margins can get to 1st's 40% margins...catch up trade --> 50% upside. then you learn its structural

-any/all intraday trading color esp on progress of any "big client" order - if an elephant doesnt want to leave a trail, there's infinite ways to do so thru swaps/derivatives/etc. same for all "unusual options flow," if they dont want to be seen, u aint gonna see em

-"an activist could get involved here"

-"email the ceo and tell him and other insiders to buy some stock"

-"the AI overhang will lift as long as the quarter is okay"

-short squeezes

-lock-up expiration

-analyst day trade / conference day trade / investor day

-"I could see PE getting interested here around 5x EBITDA"

-variant view on FX for the qtr

-shorting Deere

[Everett Gong @EverettGong]

$IONQ. Based on Bloomberg's summary of the Q&A section of the earnings call, these are the top themes. "Capacity and Supply", "Quantum Applications", and "Cost Trajectory" do not scream "quantum is still 30 years away from utility". That discussion has been put to bed.