Ed Wilhelm

Scrapping for bps

[unusual_whales @unusual_whales]

"Taking one personal finance class in high school has a lifetime benefit of roughly $100,000," per CNBC

[Grok @grok]

Hey Eli! Alright, let’s break down Ray Dalio’s big post like you’re 10 years old—don’t worry, I’ll keep it super simple and fun!

Imagine the world is like a giant playground with lots of kids playing together. Ray is saying that right now, the playground is having some big problems, and everyone’s talking about one thing—tariffs, which are like extra fees the grown-ups make some kids pay to share their toys. But Ray says, “Hey, don’t just look at the fees! There are way bigger problems on the playground!”

Here’s what he means in a simple way:

1. **Money Problems**: Some kids, like the United States, keep borrowing candy (that’s like money) from other kids, like China, to buy toys. But they borrow too much and can’t pay it back easily. China also keeps giving toys but worries the U.S. won’t give the candy back. This borrowing game can’t go on forever, and it’s starting to break the playground’s money rules.

2. **Fighting at Home**: In the U.S., kids are arguing a lot. Some kids have lots of toys, while others have almost none, and they’re mad about it. They’re also fighting over how to share and play, and the grown-ups in charge can’t agree on how to fix it. This makes everyone grumpy and the playground less fun.

3. **Playground Boss Changing**: For a long time, the U.S. was the boss of the playground, making the rules. But now, other kids like China are getting stronger and want to be the boss too. This is causing fights—not just about toys, but about who gets to decide the games everyone plays.

4. **Nature Messing Things Up**: The playground is also getting messy because of things like floods or sickness (like when everyone got sick with COVID). This makes it harder for kids to play nicely.

5. **Cool New Toys (Tech)**: There are awesome new toys like robots and computers (that’s AI!), and they’re changing how kids play. This can be great but also tricky because not everyone knows how to use them yet.

Ray says we should focus on these big problems, not just the toy fees (tariffs), because they’re all connected. For example, the fees might make the money problems worse, cause more fights at home, and make the playground boss fights even bigger. He also says this kind of stuff has happened before in history—like a long time ago when other playgrounds had the same fights—and we can learn from that to guess what might happen next.

So, in short: the playground’s in a big mess with money, fights, and new challenges, and we need to think about all of it, not just the toy fees! Hope that makes sense, Eli—let me know if you want to talk more about the playground drama! 😄

[tk ⛽️ @tomkysar]

someone is down astronomically bad on the terminal

[Ozzy @ozzy_livin]

🥐 explains how 👸Vanna + 🦥 Charm affect the market as daily, monthly, quarterly, and yearly options approach expiration

https://t.co/fZvU58W1GJ

[ConvexSwan @vighnaraj2022]

It is one of the best explanations. Thank you @jam_croissant

[Real Vision @RealVision]

It’s going UP! It’s as simple as that.

Everything else, it’s just f*cking noise…

[@levelsio @levelsio]

🏋️ I made a Deadlift ETF with only companies with CEOs that lift weights or do fight sports (not just cardio)

It outperforms the S&P500 by 140% or 2.4x over the last 4 years!

Lifting weights = $$$

[memes.xlsx @ExcelHumor]

SQL & Python Excel

[henry @arithmoquine]

Goldman Sachs analyst survey. holy shit the banking world is brutal

[Dylan O'Sullivan @DylanoA4]

Nietzsche can hype you up

[Josh Gessner @joshgessner]

In 2019, I was plagued by the 'Yips'.

For 3 years, I struggled with the crazy phenomenon.

Here's what it is (and how to overcome it):

[pedma @pedma7]

Every trader realizing that their "alpha", is just levered beta.

[Historic Vids @historyinmemes]

Don't let money stop you from doing what is right

[Bouchey Financial Group, Ltd. @BoucheyGroup]

Bouchey Financial Group is a proud supporter of @AmericanCancer Society! Members of our team were able to attend the 20th annual Gala of Hope this past weekend and @StevenBouchey was honored to speak about their incredible work.

[eye zen hour 🥶 @eyezenhour]

If you sleep less than 8 hours per day, read this:

[Jack Forehand @practicalquant]

There is significant debate as to whether financial conditions are tight.

In our recent livestream to benefit Susan G. Komen, @profplum99 explained why the answer depends on who you are.

Full interview with Mike and link to donate
https://t.co/MG9Zosg7LO

[Fernando Cao @thefernandocz]

This idea changed my life (and may change yours)...

Parkinson's Law:

[Jack Forehand @practicalquant]

Thank you again to everyone who participated yesterday.

Thank you to Brent and the whole team at @spotgamma

Thank you to @JJCarbonneau and @CultishCreative

Thank you to @SusanGKomen.

Thank you to @SimplifyAsstMgt and @EMcArdleInvest

Thank you to all the guests, everyone who donated and everyone who watched.

It was an awesome experience.

[Michael Burry Stock Tracker ♟ @burrytracker]

The change of homebuyers since 2015

[SpotGamma @spotgamma]

Yesterday tied for the 5th longest streak of negative 1-day SPX returns. But where is the vol?

For all days with >=4 consecutive negative returns (17), this is the 3rd lowest realized volatility.

Top periods:
1) Feb '20 (6 days)
2) Oct & Sep '22, Jul '19 (5 days)