Zachary A. Levitt

Hedge Fun(d) Manager. Opus One. Sixth Turn. Not investment advice.

[Zachary A. Levitt @derivative_bro]

Seeking capacity-constrained PMs with Sharpe above 2 and low correlation to major indices.

Preference for market-neutral, short-duration, or niche alpha strategies.

DMs open. Sixth Turn Capital is allocating. Let’s talk.

#sixthturn

[Suhail @Suhail]

My favorite @elonmusk quote that I often send friends:

Do not fear losing. “You will lose,” Musk says. “It will hurt the first fifty times. When you get used to losing, you will play each game with less emotion.” You will be more fearless, take more risks.

[Zachary A. Levitt @derivative_bro]

@plasticnewt3 @88888sAccount 😂😂😂😂

[Boring_Business @BoringBiz_]

A key lesson I have learned is that sense of urgency is often a better predictor of success than pedigree of school or GPA

[Zachary A. Levitt @derivative_bro]

@plasticnewt3 Legendary pull.

[Zachary A. Levitt @derivative_bro]

@kieran__duff I’d say only if you have enough money that a chunk of it put in T bills covers all expenses.

If that’s true then sure go trade the rest of your money full time.

If not working in the business of trading is much more logical vs just trading your own money.

[Zachary A. Levitt @derivative_bro]

@KeithMcCullough But you called every crash ever and traded it perfectly (in your imagination)

[Zachary A. Levitt @derivative_bro]

@partners_road What you read is wrong.

[Zachary A. Levitt @derivative_bro]

@Ksidiii Citadel has already done this for many years.

Always interesting when something a firm has done gets pumped in an article as something that they are new to doing.

I have talked to multiple name brand firms about this years ago(not Citadel) and the deal didn’t make any sense.

[Zachary A. Levitt @derivative_bro]

@premiamgmt How is the Piedmontese beef other than that?

I know it’s supposed to be a super food and be extremely healthy and lean but still as tender as anything.

[Zachary A. Levitt @derivative_bro]

@KeithMcCullough If you knew the timing on six crashes since 2008, $1M compounds to $50B at 2% NAV sizing in short-dated OTM puts. Either you didn’t know, you didn’t trade it, or you traded it tiny. Which is it?

[Zachary A. Levitt @derivative_bro]

Let’s have some fun with this one.

How much did you make in dollars from each crash?

If not massive amounts why don’t you understand how options work?

[Keith McCullough @KeithMcCullough]

Hardest thing for me to say out loud: I've called every major crash since 2008

I have the timestamps to prove it. I'm saying it now because everyone and their newsletter is calling the next one

Calling a crash isn't the edge. Calling it on time is...

[Zachary A. Levitt @derivative_bro]

@bizfactory_ceo @bennpeifert On margin via American Express

[Zachary A. Levitt @derivative_bro]

Attached is our March update.

A strong positive month when almost everything else was struggling.

#sixthturn

[Sixth Turn Capital @SixthTurnCap]

Sixth Turn 43 Offshore Investments Ltd:
March +0.55%
YTD return +1.26%

#sixthturn

[David Haber @dhaber]

“Investment committees are the cultural crucible of the firm”

[SMB Attorney @SMB_Attorney]

This is the key to success, happiness and wealth. This is our mantra for the week, fam. Time to get after it. Let’s go!

[Zachary A. Levitt @derivative_bro]

Here is our tear sheet:

[Zachary A. Levitt @derivative_bro]

Attached is our February update.

Another stable month in an unstable world.

#sixthturn

[Sixth Turn Capital @SixthTurnCap]

Sixth Turn 43 Offshore Investments Ltd:
February +0.32%
YTD return +0.71%

#sixthturn

[Maxwell Meyer @mualphaxi]

Warren Buffett watching Berkshire Hathaway CEO Greg Abel speak at this morning's shareholder meeting in Omaha. Sitting in the audience for the first time ever.

He looks very proud.

[John Arnold @johnarnold]

If you can’t convincingly articulate your edge in a market, whether sports betting, prediction markets, stocks, commodities, or whatever else, trading may provide some entertainment but you’ll almost certainly lose money over the long term.