Pedro de Noronha

London based ex-M&A banker at Merrill Lynch. ex-Proprietary Trader at JP Morgan. Investment Analyst at Noster Capital since 2007.

[Pedro de Noronha @NosterCapital]

The problem wasn’t finance. The problem was the supreme court ruling (Citizens United) which opened the door for US corporations to be part of the political process. From that moment, US politicians went from serving the people to serving those corporations who had only their bottom line and share price in mind and everything started changing. US politicians don’t serve their people. They serve their corporate sponsors. And while that lasts the US society will continue its journey south…

[Pedro de Noronha @NosterCapital]

@War4theWest @BitPaine You forgot to sign your post: X genius

[Pedro de Noronha @NosterCapital]

Huge fan of what you guys did since 2020. But you are blowing up your credibility with your Sharpe Ratio comments and liquidity comments. Make that comment when there’s a big seller below 95. Not when there’s a big buyer filling up the ATM…. Pretty sure it won’t be as liquid as a Mag 7 then. Be honest. Please

[Pedro de Noronha @NosterCapital]

@coinbureau Mostly because no one cares about XRP and won’t even bother attacking it…. 😅😇

[Daniel Batten @DSBatten]

Imagine not realizing this is no longer talked about because the paper suggesting Bitcoin caused environmental harm was debunked in 2023, superceded by 24 peer reviewed studies showing it was environmental beneficial and you were one of the laggards @ProfSteveKeen

[Pedro de Noronha @NosterCapital]

@_Rob_Wallace @BitcoinNewsCom Have you considered worrying about all the economy rather than only Quantum disrupting crypto. Because your bank, your cloud, your govt are even more at risk. Hence why this is not an issue. It will be solved. There are already solutions. But its too early to implement them.

[Pedro de Noronha @NosterCapital]

@Peter_Atwater Reminds me of Peter and the wolf…

[Pedro de Noronha @NosterCapital]

@JavierBlas Why is it surreal? When there’s draining of G7 SPRs to avoid oil price appreciation. Worry if we still at war in 1 or 2 months when SPRs will be close to drained… this is a huge bet the western world is doing on the conflict being short term in nature.

[Pedro de Noronha @NosterCapital]

Dear ⁦@federalreserve⁩ please check on this term called “Fiscal Dominance” and whilst at it please check what the Budget Deficit as % of GDP and what Total Debt / GDP were back when Volcker did this. Then and now couldn’t be more different...

[Pedro de Noronha @NosterCapital]

@phongle @saylor Are you really comparing the sharpe ratio of a credit instrument with an equity? 😅😅🤦🏻‍♂️🤦🏻‍♂️

[Pedro de Noronha @NosterCapital]

@KobeissiLetter @wmiddelkoop Great. Once markets realise that the combined 400 millions barrels “political” release is only but 4 days of global demand, maybe then the men who control those algos will understand what’s going on.

[Pedro de Noronha @NosterCapital]

@SimplyBitcoin Why dont banks simply start payiny higher interest on deposits? Rather than keeping 98% of the interest for themselves. Here’s a pro business idea 😇

[Pedro de Noronha @NosterCapital]

@LONGCONVEXITY Chamath is like most LLMs. They sound smart but don’t stand on their own when one digs deeper.

[Pedro de Noronha @NosterCapital]

@SeverinMeister 😅

[Mark W. Yusko - Two Point One Quadrillion @MarkYusko]

The rebranding of LLMs to AI is the greatest structural grift of our age

Big players are rewarded for hype, obscuring failure & moving fast rather than building truly intelligent systems

The real grift lies in marketing the technology as something it is not (sentient, reasoning, AGI) to extract capital from those who don't understand the technical limits of the systems, that they fail all definitions of intelligence

[Pedro de Noronha @NosterCapital]

@coinbureau The question you fail to answer is who bought those 3 billion? Strong hands are buying from macro tourists. Your headline suggests weakness, it ignores the other side.

[Pedro de Noronha @NosterCapital]

@jemimajoanna Well you should. The level of misrepresentation and misinformation on your article even after 17yrs. Wow. Just one question: Are you paid not to understand it? The FT has become the sycophantic voice of the establishment. That is actually sad. It used to be a great newspaper.

[Pedro de Noronha @NosterCapital]

@LukeGromen Pain Capital Management? 😉

[Pedro de Noronha @NosterCapital]

@paynecmwealth Pain Capital Management?

[Pedro de Noronha @NosterCapital]

@QuintenFrancois What an ignorant headline 😅🤦🏻‍♂️. Its 1st level thinking in so many levels. Its actually funny