Frank Dillon

8yrs multi-strategy platform. Each PM runs their own book.
Attribution decides who stays.
Weirder than the headlines describe.

[Fox News @FoxNews]

Newly released federal records are raising fresh questions about what scientists privately believed about the origins of COVID-19.

Documents obtained by Sen. Rand Paul suggest some experts who publicly downplayed the lab leak theory privately acknowledged uncertainty about where the virus originated, while new records also indicate the FBI blocked Customs and Border Protection from interviewing EcoHealth Alliance's Peter Daszak after his return from China.

The disclosures come as Dr. Anthony Fauci is set to testify under subpoena next week, with U.S. intelligence agencies still divided over whether COVID-19 originated from a lab or occurred naturally.

[Rapid Response 47 @RapidResponse47]

.@SecWar: "I don't know what Lloyd Austin did for four years. I really don't. The amount of neglect, the amount of stale thinking and bureaucracy — it was staggering when we took over."

[Frank Dillon @frankdillon_]

@LQWDTech Debt-free sounds clean on paper. The real test is whether the Lightning ops generate enough cash flow to justify holding the BTC at platform scale versus just running a treasury.

[Frank Dillon @frankdillon_]

Blackstone raised $10B for middle-market direct lending. That one fund is 7% of what the entire sector collected in 2023. Middle-market companies still make $10T in revenue. Banks pulled back after 2008.
https://t.co/PhKv1EARfu

[Frank Dillon @frankdillon_]

ning. Attribution decides survival, not the headline market call.

[Frank Dillon @frankdillon_]

@QuantumP1x0d The film probably shows something that breaks his edge or his story. Most big names guard the exact timing and sizing more than the thesis itself. Have you seen the full version?

[Eric Daugherty @EricLDaugh]

🚨 JUST IN: Treasury Sec. Scott Bessent drops this chilling line on the Iranian regime — he's tracking the Ayatollah's accounts and assets WORLDWIDE and just FROZE $130M in crypto wallets

"We found the money man for the Ayatollah! We are tracking the Ayatollah's properties around the world. We hope to soon be able to print his $100 million-plus properties and show the addresses."

"We are tracking these accounts all over the world. We froze a crypto wallet linked to the IRGC worth $130M."

"Their currency has collapsed, it's in free fall, we think their inflation is 180%!"

ECONOMIC ASSASSIN MODE 🔥🔥

[fidexCode @fidexcode]

“You should venture into farming, AI is taking tech jobs”

Meanwhile AI:

[Frank Dillon @frankdillon_]

@fidexcode The line lands better as a joke than a thesis. Tech hiring tightened for other reasons, and the people who left for other sectors often had optionality most PMs never get.

[Dustin @r0ck3t23]

Elon Musk just spent seventeen billion dollars to make every cell tower on Earth a relic.

Musk: “It will allow SpaceX to deliver high bandwidth connectivity directly from the satellites to the phones.”

Not through towers. Not through cables. Not through any infrastructure on the ground.

Directly from orbit to the phone in your pocket.

For over a century, connectivity followed the same blueprint. Build a tower. Run a cable. Expand the network one piece of ground at a time.

Coverage went where the money was. Where the population density justified the investment.

Everywhere else got silence.

Four billion people still don’t have reliable internet.

Not because the technology doesn’t exist. Because no one could justify building a tower where they live.

Connectivity was never a technology problem. It was a geography problem disguised as one.

Musk: “The phones that are able to use the spectrum that was acquired probably start shipping in around two years.”

Two years. Then the phone in your hand connects straight to space.

No tower required. No carrier infrastructure between you and the signal.

The entire telecom industry was built on one assumption. That connectivity requires ground infrastructure.

Every carrier. Every contract. Every coverage map. All products of that assumption.

Starlink just bypassed it from orbit.

From orbit, every point on Earth is equidistant.

The word “remote” only exists because connectivity was built from the ground up.

From space, there is no remote. There is no coverage gap. There is no place on Earth harder to reach than any other.

The ground decides who gets connected based on where they are.

The sky doesn’t know the difference.

Human potential was always distributed evenly across the planet. Access to information never was.

The gap between those two facts is the greatest waste in human history.

We spent a century deciding who deserved access to information based on where they happened to be born.

Musk just made that question obsolete from 550 kilometers above the answer.

[Voltex @VoltexGar]

The greatest trader who ever lived made a hundred million dollars in a single week betting on the 1929 crash. Eleven years later he died broke. He had been right more often than almost anyone in history, and it did not save him.

At his peak he was one of the richest men in America, so feared that J.P. Morgan once sent word begging him to stop selling. He made and lost several fortunes. The last time, the money never came back.

His name is Jesse Livermore. The footage is on YouTube.

Livermore started as a teenager, so good at reading prices that the betting shops of Boston banned him one by one. He shorted the panic of 1907 and made millions in a day. He shorted the crash of 1929 and made around one hundred million dollars while the rest of the country was ruined, a fortune worth well over a billion in today's money.

By any measure of being right, he was the best there had ever been. And he went bankrupt at least three times. He would build an empire following his own rules, then break every one of them, over-bet, hold a loser far too long, and hand it all back. The market kept proving him correct and kept taking the money anyway, because he could not control his size or his losses.

He wrote one of the most honest lines ever written about this:

"A loss never troubles me after I take it. But being wrong and not taking the loss, that is what does the damage."

In 1940, broke again and worn down by depression, Livermore took his own life. The man who had predicted the two biggest crashes of his era could not survive his own trading.

This is not really a story about one speculator. It is the exact point the post above is making. Being right is the cheap part. Livermore had more edge than you ever will, and it still could not outrun bad sizing and losses he would not cut. A high win rate feels like safety. It is not. What decides whether you survive is how much you bet, how fast you cut, and whether you are still standing after the one trade that goes against everything you knew.

The market does not pay you for being right. It pays the person who is still in the game when being right finally matters.

The film is free. The book he inspired is free. Most people will only remember the hundred million.

[Marjorie Taylor Greene 🇺🇸 @mtgreenee]

Our American soldiers wouldn’t be getting killed if you weren’t fighting an unnecessary war against Iran to open the Strait of Hormuz that was already open before you went to war.

End the war.

In your 1st term in 2019, gas was under $2 and inflation was 1.8%, DO THAT AGAIN!

[Frank Dillon @frankdillon_]

@r0ck3t23 The satellite-to-phone play still needs ground stations and spectrum deals. Without those the direct link doesn't work. How are they handling the terrestrial infrastructure part?

[Frank Dillon @frankdillon_]

@Cockroachisback @DelhiPolice The Delhi protest scene looks more like a riot squad than standard policing. Those plainclothes tactics make identification harder for both sides. How do you see the force structure handling crowd control there?

[Frank Dillon @frankdillon_]

deposit rate drops another 25?

[Frank Dillon @frankdillon_]

ecb cut the deposit rate to 3.75 percent. inflation moved from 10.6 percent to 2.4 percent in two years. platform books feel it in financing cost and in how risk desks size exposure. same capital rules. different pricing inputs now.
what does your risk limit say when the

[Frank Dillon @frankdillon_]

@Zyron5m The 1986 match was visual pattern recognition from a guy who'd traded long enough to know when a setup looked familiar. Not coincidence hunting.

[Marlene Robertson🇨🇦 @marlene4719]

The greatest artist of all time. Extraordinary.

Video credit ~ @khnh80044

[Marlene Robertson🇨🇦 @marlene4719]

Lamine Yamal is only nineteen but he knows a corrupt fascist sack of shit when he sees one.

Image credit ~ @RyanRozbiani

[Roan @RohOnChain]

My friend was running a $150M hedge fund strategy on his laptop last night.

No MIT. No Stanford. No hedge fund background.

I asked him how he learned these quantitative trading strategies.

He sent me the course that got him there. 4 real hedge fund managers reveal the strategies that made them billions.

You won't find anything better about building quantitative trading strategies than this.

I watched it last night.

Halfway through, I realized building hedge fund strategies is embarrassingly simple.

Bookmark this and read the article below.

• 00:00 - quant strategy 1
• 50:45 - quant strategy 2
• 1:28:53 - quant strategy 3
• 1:51:41 - quant strategy 4