Talking with @Memetic_Theory and the Alphafund guys has been a pleasure of the past few months. I'm excited to see it release, and had the opportunity to write a review:
https://t.co/vTWAmLm5D9
Whitepaper here: https://t.co/WP3pvLSjiQ
We present empirical evidence of the first general economic scaling law beyond language data.
We are incredibly excited to publish it, and definitively say:
Recursive Self-Improvement is
a Portfolio Optimization Problem
https://t.co/edRoJLiIxW
5⃣UNITE THE RIGHT
F-37, a member of the leadership chat for the Charlottesville rally in 2017, made racist posts under an SPLC employee's supervision and arranged transport for others to attend the rally. SPLC paid this person $300K.
🧵9/20
The only place worth >$100 a round accessible to the public is Maderas. I’ve been fortunate enough to play at La Jolla Country Club at one point in my life, which was the best round ever. Skip Torrey, it’s a 5:30 round min and muni golf. Just do the hike instead for the views.
NorCal is pretty clearly way better as a golf destination. I repeat, do not spend the $350 and hotel for Torrey Pines. It’s vastly overrated if you don’t have local pricing. Just go for the Farmer’s Insurance to see the course.
For a better course by the same architect, play Quintero in Peoria, AZ
Further north, Monarch Beach is an awesome course. Seaside golf is way harder than any other terrain I’ve played, wind is just so tricky right by the coast.
Best round of my life was Pebble, of course.
Securities law is not about hard rulesets, but about preserving a sense of fairness. A clever try at exploiting a loophole where you're not pumping directly, but trade on the presumption of one, is unethical and undermines the people who put out authentic opinions.
The thing is, Left has been around for ages. He knows how to survive and trade outside of this strategy. Anyone with a sense of ethics wouldn't scrape the bottom of the barrel of "influence" strategies like this, and, well, thems the breaks. Juries are not kind to traders looking for an edge, that's why you err on the side of caution
Today I was found guilty. Amongst other things, for recommending Tesla, Nvidia and Meta back in 2018.
Not once did anyone say I lied. The government’s own agent admitted it on the stand. There were no false statements.
So now a truthful opinion that ends up making money is illegal. Is this America?
We disagree with the jury and this does not stop here. We will keep fighting for free, honest speech and opportunity, the backbone of this country.
This is not over.
If you don't vote, I don't want to hear you ever complain about any of the filth, crime, or decline in LA again. Get off your butt and VOTE, or enjoy what you get.
https://t.co/amkFfgiQJL
I agree with this as a trader who just picked up securities law for fun. Any hard rule would run into the problem of criminalizing thoughtcrime, eg assuming intent.
Outside of tender offers and executives trading their own stock, I largely believe insider trading should be legal
A) he was selling immediately into whatever volume his "research" advocated for, ie. investing his own recommendations
B) he was selling advanced knowledge of his posts for a cut of profits to funds trading the same Strat.
You should read the blog post, I've summarized the filings from way back when. It was pretty obvious malicious behavior
@BCalusinski You might like my longform on this, insider trading law is a specialty of mine. I don't think markets can be efficient without it https://t.co/ITE0N59K6o
Correct, my point is that the law cannot write hard rules as to what securities fraud exactly is (insider trading exists in the same gray space) without killing velocity of money.
He had a pretty egregious pattern of misconduct here, the proper thing to do is self-police and behave in a way where it never goes to a jury
I wrote about this case ages ago here: https://t.co/pAxIwRyCpQ
And tried to give him a fair shake. Securities law are grey because sometimes you legitimately do have to sell quickly, so mandating hold times is complicated. But the pattern is damning here