@Hedgeye As a L/S equity analyst, Hedgeye fixed my biggest blind spots: 1) Stopped ignoring macro math for bottoms-up models. 2) Realized great retail stocks still get crushed in Quad 4. And 3) replaced emotional sizing with daily risk ranges.
Data > narrative.
@loadingdoselord lot of the difference can be explained by VAT. In Hungary, VAT is 27%. That implies $78.1 net price, which would be lower than the net price in the US. You are welcome.
@itsolelehmann@shomikghosh21 I wonder what is the non linear consequence in the food chain of artificially mass kill parasites that may be the food of something.
@WaterworldCapi1@FundamentEdge Psychology says that judgements are decisions and there are no decisions without emotions. Thus AI will never be able to make appropriate decisions (appropriate for you) unless you offload your own emotional profile to the AIโฆ which is essentially offloading your biases too
@trengriffin Exactly. Dirty little secret of pods that they run market neutral which theoretically protect against systemic risk, yet they have strict stop loss discipline exactly because they themselves donโt believe that their own beta and factor hedging works on a go forward basis
@WaterworldCapi1@akramsrazor Well, majority of people here are posting sensationalist takes to generate engagement and hence money, they are not professional investors, so I am not at all surprised
@P_Remarks There is duration advantage, but you have to buy at the right price. If you buy a crowded long at ATH, then your are not only fucked but also an idiot. Having a (30-40%) drawdown when you bought (70%) below all time high with intact thesis, then you can have duration
@orrdavid Important thing is ex ante and then ex post factor analysis with explicitly stated thesis. Then if you got it right and factors were a tailwindโฆ hey, who cares? Staples went up big time during Covid given broad inflation. Was it their pricing power? No, stocks went up still.
Chart magic: Dow Jones in 1929 versus QQQ today. LOL! Are we heading to a great collapse? Probably not, but interesting chart showing some interesting similarities.
@CEOinterview What I am amazed by is that this guy built a career on spending 3.5 years with Julian. That is what it took to successfully raise a fund. Absolutely amazing. Who is todayโs Julian Robertson?
@uncovered_alpha Well, it is obviously trivial that the more popular a strategy the less alpha it will have and other less popular strategies will have more alpha. Maybe this marks the dawn of long biases, intellectually honest SM PMs (as opposed to lazy tiger cubs)
@0xFaust12@PythiaR Imagine that quant space will see multiple blow ups next year as more and more capital apes into that same strategy. And then Walleye will have to explain how they blew up in something they just doubled down on.