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[- @kalldemout]

@NuttyCLD 고견 감사합니다. Rack-level networking, 아날로그 컴퓨팅을 위한 소프트웨어 스택 등도 중요성이 커지겠네요.

[Citrini @citrini]

Since CPI is either going to be a clearing event or a thanos snap event, I figured it might be a decent time to be helpful.

If you’re relatively new to investing, then you’re bound to learn about what happens when your portfolio goes down.

Now, this is coming from someone who’s portfolio is up a paltry 20% YTD and hasn’t been gunning it on risk recently. Although also someone who’s been trading and investing their own money for the better part of a decade and has managed to not go bust (except for one, very painful time early on).

If you’re constructing a portfolio it’s important to realize it is its own position rather than a collection of positions. A stock is not just a company but the sum of its valuation, shareholder base, its sensitivity to liquidity, crowding, financing/rates and its catalyst calendar. High beta stocks are often five different trades in one ticker.

You should always have a working idea of your “tilts”. Does your portfolio go up/down more if tech rallies, if certain countries outperform, if a specific thematic is validated etc etc.

In general, you should not have a portfolio of 20 different stocks that all act the same. You might think you won’t, but getting the value of your book cut in half will make you do stupid things. (As an aside, this is also why even though buying the dip is generally a good strategy, progressively buying the dip early into a drawdown can make you mess up at the exact lows.)

High beta stocks come in all shapes and colors but in general they are selling the distant future. In good markets, the time out to that future is cheap. In bad markets, you start paying rent. That rent tends to appear as a lower multiple even while estimates stay the same.

A lot of times people will tell you the only thing that matters in a drawdown is “is the thesis intact?”. That’s one aspect, the other two are “how have expectations changed?” and “did you size like an idiot?”.

Don’t average down just to improve your cost basis, the market doesn’t care about your cost basis. Only add if you can truly underwrite the expected return improving, and that means taking a view that goes beyond a default return to multiples that may be unsustainable.

Price can become a fundamental and technical sell offs can manufacture fundamental problems - reflexivity cuts both ways.

The best question you can ask yourself in a drawdown is “from here, what is the range of outcomes and what’s the best use of the next dollar?”. If early in a drawdown you note that every time one sector goes up your portfolio goes down, it could be a decent idea to add exposure to that sector.

The ultimate goal is not to avoid every drawdown but to make sure no single drawdown takes away your ability to act on real opportunities when they arise.

No amount of truisms will help make anyone a better investor, but there is something you can do right now. If this is one of your first few drawdowns, you can observe how you react. Take notes on it. Find out what mistakes you make and then optimize your portfolio, sizing, strategy etc to compensate for those shortcomings. It’s a lot easier to do that than try to fight your own psychology - and anyone who pretends there’s a one size fits all answer to that is lying.

[- @kalldemout]

@geopolythink - 에릭 트럼프가 직접 창업한 것은 아니고, 이사로 참여합니다.
- 조금 부불려진 감이 있습니다. 일부 신규 계약은 하청으로 들어가는 게 맞지만, 사실 이 회사는 기존에 있던 보드워크라는 회사를 인수해서, 그 회사가 가지고 있던 국방부 수주를 물려받은 형태입니다 …

[- @kalldemout]

근데 진짜 눈썹 살롱 하는 사람의 마켓뷰는 왜 참고하는거임? 병신임?

[pagliacci the hated 🌝 @Slatzism]

@itamarbengvir evergreen

[𝑹𝒐𝑪𝒐𝑪𝒐🥷 @spaceastrium]

LLM 구독 서비스가 생겨나던 시절 AI bro라는 암종양 군체들이 탄생했다.

이제 그들은 더 저능한 버전으로 진화했다. 나는 입AI라고 부르겠다. 이 사람들은 어떤 이름 모를 대학교나 웹사이트에서 만든 이름 모를 벤치마크를 띄우며 AI 랩 로고 스티커 붙이기 놀이를 하는 정신병자들이다.

[Literally Chad @literally_chad]

You think I'm joking, but America's world historic mission is to abolish the lower orders. Unfortunately also the higher orders. That's why I'm against immigration, we can't have a group of people coming here to work as domestics, you must do your own cooking and cleaning and home repairs, we don't have "help." We build robots but the work is in-house. No poors, no aristocrats.

[- @kalldemout]

다 곱하면 0이잖아 ��홍원코어임?

[. @idnymphea]

킹키가 가비한테 쓴 편지 보고 울음

나는 수영을 못해서 ��천히 바다에 들어가야 하는데 우리 사이가 너무 좋아서 그냥 바다에 풍덩 빠져버린 것 같아 나의 허우적거림을 너에게 말해본 적이 없구나
사랑해 가비야 내가 그동안 표현한 것에 네가 아는 모든 숫자를 곱한 만큼

[ɖʀʊӄքǟ ӄʊռʟɛʏ 🇧🇹🇹🇩 @kunley_drukpa]

“I’m here to learn from your housing model”

“In Singapore all housing has ethnic quotas to prevent ghettoisation”

“Right”

“Foreigners are not eligible for social housing either, we prioritise our citizens”

“So you’re saying put more Somalis in central London social housing?”

[Andrew Kuhn @FocusedCompound]

With SpaceX IPOing today, I'll never forget this Warren Buffett quote about valuations:

"It’s far better to buy a really cool rocket company at an astronomical price than a boring company at a wonderful price."

[- @kalldemout]

@blazingbees ���상 잘 보고 있습니다. 정말 감사해요

[Mo Shaikh 🇺🇸 @Moshaikh]

Citadel, is one of the most significant hedge funds, and they just dropped tokenomics …

And it’s not what you would have expected

[- @kalldemout]

@julianweisser Sounds korean

[- @kalldemout]

만일 이게 사실이라면 국정원의 미메틱스 능력에 대해서 조금 더 고평가를 하게 될 듯하다

[김민준coolboy95 @coolboy955]

시간이 한참 지났다보니 요즘 어린 애들이 국정원의 공작정치를 모를법도 한데 노무현의 죽음을 조롱하는건 국정원 작품임 그런 의혹이 있다는게 아니라 진짜로 국정원이 심리학자를 동원해서까지 전방위적 댓글공작을 진행했답니다 여러분이 웃고 떠드는게 출처가 다 거기에요

[kache @yacineMTB]

Free time as a man is a meme. What are you a child? You want to play video games? Fucking Peter Pan ass. Every single second I am alive, I feel a slight headache from the high blood pressure of trying to keep the wolves at bay, away from my family

[lumpenspace and 99+ others @lumpenspace]

1. Stop lying.

main cause of sinking feelings of existential dread have to do with Being Found Out.

if you are experiencing such feelings, you might have incompatible storylines running with different people/groups.

unfortunately,…

[HowlingMutant @Howlingmutant0]

I vividly remember being 19 and looking at the bio of a girl on a pornographic website and seeing that the age listed was younger than mine for the first time and instantly having the realization, “You are going to die.”

[roon @tszzl]

no bro you need to turn on “/extrausage”. dawg are you sure you have “/fast” mode on? Did you check the “no mistakes” toggle? are you sure you picked “correct mode”? did you turn up the “autonomy slider”, that’s how the pros use it,

[- @kalldemout]

@aleabitoreddit Missing Robotis