Remove the only pressure we had on Iran and promise to lift all sanctions in a future deal, in exchange for what? It’s not a peace deal it’s a peace plea
To be sure, they’re still not reaching the institutional grade alpha bar that the twitter quants set. But if you can outperform the market over different regimes and a high number of trades by correctly riding beta + a couple other factors, go for it
My feed is full of kwant vs retail arguments and I’m sympathetic towards retail until I see my partners high school classmate hawking their Substack with a 90% win rate on *closed* trades selling far otm puts
They also don’t have to lose their life savings. Trading is a skill that can be developed. Smart ones will start by paper trading, analyzing their performance, then scaling in with real money when they show they can make +EV trades
I don’t get it, if AI compute demand is extreme and margins suck, why don’t they raise prices? Surely it’s not because customers are highly correlated with a commodity product and largely unprofitable?
But what about Trust Poofs, when families gather to tell their children and grandchildren that they’re donating it all to charity, wired it to a scammer or had it all in $LULU?
Some families this long weekend will gather to tell their children or grandchildren that they never, ever have to worry about money
Wealthy families are increasingly coordinating "trust reveals" to pass down $62 trillion+ of wealth in coming decades
My latest for @WSJmarkets, going inside the reveal:
https://t.co/NfzrBVmDse