long degeneracy
noun | /lôŋ də-ˈje-nə-rə-sē/
1. "a belief that the world will only get more degenerate, financialized, speculative, lonely, tribal and weird"
2. as real returns compress, risk increases to compensate
https://t.co/SXrZmVGHTB
"They're called pre-IPO perpetuals. You can trade what investors think Anthropic and Databricks are worth in real time before they're even public. You don't own their stock but you're able to get leveraged directional exposure and make big bucks if you're right"