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How hard can it be?

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@krugermacro Have you heard of Don Bradman?

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@sweatystartup It’s worth listening to this econtalk episode with @VPrasadMDMPH where he discusses some aspects of early detection that may not be obvious.

https://t.co/8dyv0EhKVA

[Vinay Prasad MD MPH @VPrasadMDMPH]

This week @EconTalker and I discuss cancer screening
Our conversation covers which tests improve all cause mortality and which do not
https://t.co/mE2zLjS8uT

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@Z06Z07 https://t.co/Ua9Kyj7l8r

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Can someone explain this to me: Strategy holds 3% of Bitcoin supply. mNAV of 1.7x implies they must grow to ~5% of supply. But Saylor said going above 5% becomes "exponentially harder" with Bitcoin hitting $1M+. How can mNAV stay elevated when the math becomes impossible at scale?

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@balajis @albertwenger wrote about this in 2018. He advocated for establishing a legal and cultural right for humans to use software to interact with digital systems, shifting power dynamics away from large platforms toward individuals.

https://t.co/jRVKeKaXeN

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Can someone explain this to me: Strategy holds 3% of Bitcoin supply. mNAV of 1.7x implies they must grow to ~5% of supply. But Saylor said going above 5% becomes "exponentially harder" with Bitcoin hitting $1M+. How can mNAV stay elevated when the math becomes impossible at scale?

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@MikeBenzCyber It’s the old “Carrying an umbrella causes rain.”

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@moreproteinbars How difficult do you think it is to become a successful independent trader (let’s say to earn a living in the west)? Can it be compared to the difficulty level of becoming a 2500 rated chess player?

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@naval Even people who live on X are living in completely different worlds.

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@cryptotea They are not simply lending him money for 0.6% interest.

https://t.co/bQ46bddjcG

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@ksethi @werkman He is issuing convertible bonds, which is equivalent to packaging a regular corporate bond with an out of the money call option on MSTR stock. It’s the option premium he’s collecting that is driving the down net cost of borrowing. Higher volatility -> higher premium.

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@ksethi @werkman He is issuing convertible bonds, which is equivalent to packaging a regular corporate bond with an out of the money call option on MSTR stock. It’s the option premium he’s collecting that is driving the down net cost of borrowing. Higher volatility -> higher premium.

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@SantiagoAuFund @lucas__summer How would a country defaulting on their dollar debt lead to dollar supply contracting? The dollars they borrowed would continue to be in circulation. Usually is it repayment of debt that reduces money supply (assuming it wasn’t base money).

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@fundstrat @reservereverse @HHorsley It should actually be

(1 + R1) * ((1 + R2) - 1, where R1 and R2 are the returns over the top 10 days and the remaining 355 days respectively, expressed as decimals.

For 2022:
(1 + 1.57) * (1 + (-0.86) - 1 = -0.64 = -64%

For 2017:
(1 + 3.53) * ( 1 + 2.25) - 1 = 13.72 = 1,372%

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@sama Markets are efficiently inefficient!

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@krugermacro 🙂 Novogratz

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@DavidDeutschOxf What’s interesting about this puzzle is that one tends to reject the solution move because of the same reason one considers illegal moves as solutions - overlooking a pin.

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@dlacalle_IA “No, a country doesn’t have a world reserve currency due to military power.”
Surely military power has an integral role to play here. Historically, the US provided military protection to its allies and in return they have held larger $ reserves than they would have otherwise.

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@MustStopMurad Welcome back Murad!

For those who don’t know Murad, his pod episode with @APompliano from 2018 is an excellent intro

https://t.co/j6rX5LU2HF

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@corvette72778 @lisaabramowicz1 The chart shows the 10 year UST yield - 10 year breakeven inflation rate

https://t.co/dR2YUCMUN8

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@pmarca “We’re the middle children of history, man, no purpose or place. We have no Great War. No Great Depression. Our great war is a spiritual war. Our great depression is our lives…”

“We buy shit we don’t need, with money we don’t have, to impress people we don’t like”

-Tyler D

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@TuurDemeester Degen