Flank Bruno

Sporting an absence of both grooves and folds at the cerebral surface

[Flank Bruno @flankbruno]

@Angryaccountan6 @Lord_Talbot64 @AngelaRayner Jordan made a lot of money selling his refridgeration / hvac business. This is one of his entities related to a family trust that owns a manchester property. The accounting isn’t suspicious.

[Epoch AI @EpochAIResearch]

When we launched Tier 4 on July 11th, 2025, the top score was 5%. Less than 14 months later, the top score is 98% and we consider the benchmark saturated.

[Flank Bruno @flankbruno]

@gkhalin @BrettHarrison similarly skeptical. knowing retail order flow then not-retail order flow can be ~deduced. not analogous to the inference case. surely more likely to buy whatever alt data feeds from the labs, rather than serve inference.

[Tarek Mansour @mansourtarek_]

We ran a study on over 2 million markets to evaluate their calibration. To our knowledge, this is the largest replicable study on this topic.

Here are the results: 🧵

[Kit Winder, CFA @WinderKit]

Nice work from the FT, quantifying the scale of the Leo Aschenwhatever loss in the history of trading losses...

Turns out, pretty big.

[Flank Bruno @flankbruno]

@ezyrider @RihardJarc Small & capable models likely strengthen the edge memory upgrade cycle. Phones/tablets will increasingly run a purpose-specific mix of AI models locally. 32-64 GB of unified memory could ultimately become table stakes for premium, AI-native personal devices.

[Newmoon Capital @NewmoonCap]

AI has no roi

[Daniel Litt @littmath]

@LouisLebbos It’s a big deal.

[goldenlabubuwatch @pandawatch88]

The last thing you see before becoming fully aware of your situation

[Anthropic @AnthropicAI]

New Anthropic research: Discovering cryptographic weaknesses with Claude.

Claude Mythos Preview has helped our researchers find weaknesses in cryptographic algorithms—the mathematical methods that are used to keep data private.

Read more: https://t.co/TYKLjb3Q7V

[Flank Bruno @flankbruno]

@Lurker_b_ry @jbulltard1 ofc because at some point net worth will daily swing by amounts that it’s hard to un-anchor from, a car, a mortgage, a trophy home etc. the psychology of accounts that seem immune to that “normal” way of thinking are particularly interesting (and entertaining).

[Flank Bruno @flankbruno]

@puppyeh1 a good example of a why keeping up with what’s going on with the fintwit-meta can be useful. for me it became much more obvious at the time of SIVE “institutional investor” threshold-crossing disclosures, because they were all custodians of retail brokerages - pure reflexivity.

[spoof @pnlcorrect]

shameful memories

50%+ existential drawdowns shouldnt happen to experienced short-term market neutral traders, but i managed to do it twice back to back.

“edge” is mostly a bullshit interview/newsletter topic. but if i had one, it was pure delusion of exceptionalism.

[Flank Bruno @flankbruno]

@DeepDishEnjoyer tax

[Flank Bruno @flankbruno]

@PepInvestStocks @aleabitoreddit Interpretation is wrong, not institutional. Better read of top 10 shareholder is that they're all nominee/omnibus/client custody accounts, certainly *not* all retail but *very* high retail ownership implied. Retail could of course be right, but the ownership hype is wrong.

[Flank Bruno @flankbruno]

@TheAlphaLetters @MartinShkreli they’re not saying it’s scam, they’re saying HL is unregulated in the UK, not covered by financial services compensation scheme, nor regulatory right to redress etc - which is all true.

[Flank Bruno @flankbruno]

@Finumus1 @karlrgibson1 I’d gladly swap some SIPP at 0.55 into an ISA to normalise SIPP to median size. With ~15y to access age the exposure to policy change is uncomfortable (and perversely drives - me at least - to non-pension type allocation with it).

[Flank Bruno @flankbruno]

@investingidiocy that's the same as saying this only affect the people that meaningfully provide risk capital... and its precisely that group whose incentives change.

[Flank Bruno @flankbruno]

@DanNeidle This has never been less true and even if it were, framing it as if a zero impact on implicit risk/reward calculus of entrepreneurship is gross: "Very few people starting a company today think about what the CGT consequences would be when they sell it in say fifteen years time".

[Flank Bruno @flankbruno]

@64s @0xgaut oh yes, because buyers famously waive good title and authority 🙄. pity the seller who ends up having to make the buyer whole on gross out of his after tax proceeds.