Bryan Hernandez

President & co-founder of @structure_fi. All opinions my own. I am not a cat.

[Bryan Hernandez @BryanCHernandez]

@Kriptokool_NFT @structure_fi @SenseiLabsNFT thanks homie

[Bryan Hernandez @BryanCHernandez]

It's been a blast getting to know the niche world of NFTs with @SenseiLabsNFT. I fucking love bear markets. Such great value:

[Bryan Hernandez @BryanCHernandez]

Part 2 in our series Thinking About Money: https://t.co/dD6qJOJTVU

[Nassim Nicholas Taleb @nntaleb]

People have no idea that being a crank is not about what opinion one has.
It is about the absence of rigor & nuances in the reasoning behind one's opinion, & what sources are used as backup.

You can also spot cranks from miles away the way their opinions cluster across subjects.

[Roaring Kitty @TheRoaringKitty]

https://t.co/QRrHFAPpeP

[Bryan Hernandez @BryanCHernandez]

@FSCDems @RepMaxineWaters @AOC 2/ This decision is crucial to understanding the case, not to mention why the failure-to-delivers on GME are an extreme outlier by any standard. These are questions that can only be understood with transparency from the DTCC.

[Bryan Hernandez @BryanCHernandez]

@FSCDems @RepMaxineWaters @AOC, 1/ why isn't the DTCC also being included as a witness in the GME hearing? Vlad Tenev is going to explain that the DTCC raised margin requirements, forcing him to limit buying.

[zerohedge @zerohedge]

Unprecedented conflict of interest:

1. Citadel handled 29% of GameStop trading volume Monday through Thursday

https://t.co/BMOILAE9BM

2. Citadel is losing billions on its direct investment in Melvin which is short GME

[Nassim Nicholas Taleb @nntaleb]

VaR & tools "modern" portfolio theory have been blowing up funds & banks since first use in 1987. Blew up FNMAe & almost all banks in 2009, LTCM in 1998, First Op of Chicago in 1987, AQR in 2020 ....
Yet it is still in use.
They deserve to blow up. Just not with taxpayer funds.

[Bryan Hernandez @BryanCHernandez]

There's a lot more profundity in this than first meets the eye. From Dynamic Hedging by @nntaleb

[Bryan Hernandez @BryanCHernandez]

@financequant @trishankkarthik @normonics @salilstatistics @MirakhorHassan @pierre_rochard @DomagojPetrovic @SalientQuips @andrewhockings @VictorErem @yassine_diraa @stephanlivera @JimAllmendinger @Gaz_LTC @Bitcoin_Romania @Nouriel @nntaleb Would you say that you have more ground to assert ergodicity (or not) in the case where total loss of the portfolio is survivable AND managing risk with Kelly (the trading strategy)? Or would this only suggest convexity?

[Bryan Hernandez @BryanCHernandez]

@VergilDen That's not obvious to me. Why do you think so?

[Bryan Hernandez @BryanCHernandez]

@trishankkarthik @GuruAnaerobic @MichaelSagnerMD @CoachRippetoe Shoulder impingement is from imbalance. Are all your lifts pronated?

[Bryan Hernandez @BryanCHernandez]

Peter Warburton

[Bryan Hernandez @BryanCHernandez]

A quiz for risk takers (@financequant, @nntaleb,@trishankkarthik, @VergilDen, @normonics, @mikemiller929, @alexandersquats, #RWRI, etc.): who was fragile and who was not?

[Bryan Hernandez @BryanCHernandez]

@trishankkarthik The mimosas are probably bomb though...

[Tren Griffin @trengriffin]

"If you're not willing to react with equanimity to a market price decline of 50% two or three times a century you deserve the mediocre result you get compared to people who have the temperament to be more philosophical about these market fluctuations." https://t.co/sdP2i7B5RE

[Bryan Hernandez @BryanCHernandez]

@iamcitizenkevin What's the problem with muscle milk and olive oil?

[Bryan Hernandez @BryanCHernandez]

@EthantheFlaneur @alexandersquats @trishankkarthik @digvijoy_c @ScottAdamsSays First "read" @nntaleb's SITG on audible and am now rereading from the RWRI hardcover. Reminds me: as convenient as audible is, a good read isn't only worth rereading, it's worth rereading slowly.

[Bryan Hernandez @BryanCHernandez]

@alexandersquats @trishankkarthik @digvijoy_c Thanks for sharing. I'm looking forward to checking them out as well.