Nick

market student

[Agustin Lebron @AgustinLebron3]

This is the best obituary written by a partner that I've ever read.

https://t.co/UX88LGv80h

[Green Lark @the_green_lark]

There are two types of momentum crashes: market rebounds (left) and market downturns (right).

The prototypical momentum crashes are rebound crashes, for example post GFC 2009. They are much more violent and driven by the short leg.

But there were also some downturn crashes, for example Dotcom burst 2000. They tend to be milder and driven by both legs equally.

[ʙʏ ᴍᴏʀᴛᴀʟ ʜᴀɴᴅ @bymortalhand]

"The Earth is littered with the ruins of empires that believed they were eternal." — Camille Paglia

[jietang @jietang]

@elonmusk @teortaxesTex won’t take that long

[NewLimit @newlimit]

Following breakthrough results, we’re bringing longevity medicine to human trials.

We’ve raised a $435M Series C led by @foundersfund to make it happen.

Reprogramming cell age has the potential to create more healthy years for everyone. We're closer than ever to realizing it.

[parm🔬 @parmita]

RAS finally getting drugged is one of the great stories in modern biology, and almost nobody outside oncology understands why it's such a big deal.

YOU'LL LEARN SOMETHING AWESOME TODAY.

i am going to keep this as understandable (and simple) as i can.

OPEN THE THREAD.

🧵

[Andrej Karpathy @karpathy]

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

[Vikram Sekar @vikramskr]

The choice of words in the latest @stratechery post is just stellar:

“I don’t know what the future will bring, but I do know it will not only be different from today, but definitely different from a linear projection of AI capabilities mapped onto an ossified and simplistic model of the world that bears little resemblance to not just the incredible depth and texture of reality, but also the remarkable adaptability of humanity and the power of markets”

[Philippe Laffont @plaffont]

9/ When you look at filings of money managers, many own the same stocks but end the year very differently. Why? Not everyone knows what to do when things go wrong. And that’s when major alpha can get created or destroyed.

[Louis-Vincent Gave @gave_vincent]

My latest piece on the evolution of the US-China relationship. Nothing in there that I have not said in podcasts, and written in various reports, over the years. Including the jokes. But it’s a quick read…

Anyway, this piece is unlocked. Constructive feedback welcomed…

https://t.co/eJ7EDOb9BH

[Casey Handmer @CJHandmer]

It's been a long time since I posted a single piece with all my predictions on energy, so I made an update.

https://t.co/2hDLQOEcPc

Here's some free alpha for you all.

[Balaji @balajis]

2020: blue and tech against red
2024: red and tech against blue
2028: blue and red against tech

[Pope Leo XIV @Pontifex]

Technological innovation can be a form of participation in the divine act of creation. It carries an ethical and spiritual weight, for every design choice expresses a vision of humanity. The Church therefore calls all builders of #AI to cultivate moral discernment as a fundamental part of their work—to develop systems that reflect justice, solidarity, and a genuine reverence for life.

[HF_Trader @HF_Trader]

Death by a 1000 paper cuts. For nearly 20yrs I still struggle with this. I don’t have some BS cliche for you. It sucks, it pisses me off that I still struggle with it and there you go. Don’t know what else to say.

[TS @PelionCap]

'The takeaway is that you should be careful about drawing conclusions from large option trades unless you have direct context on the flow. Without that color, it is easy to mistake logistics for signals.'

[Euan Sinclair @SinclairEuan]

@therobotjames @mistman78 @darjohn25 @Gingfacekillah @emfxoptions "See that number? That's the bund. It has got some shit to do with Germany but all you need to know is it goes up and down and other cunts trade it"

Jamie. Life. 1995

[david @sdav1986]

Alpha is almost always tail risk exposure... yeah locally looks like uncorrelated returns... think again...

[Amni @AmniRusli]

@Nunofb86 @darioperkins @JosephPolitano @jasonfurman Weekend reading: A Primer on the Impact of AI on the GDP Statistics GS

[Robbie G @discoverytrader]

Blast from the past. I wrote this piece more than 15Y ago in the forum. Still holds true today & always will of course. After interacting w/countless aspiring traders over decades it continues to be one of the toughest mandatory shifts in thinking for most to accept & overcome.🎲

[Samuel Hammond 🦉 @hamandcheese]

Accidentally two-boxed Newcomb's paradox instead of one-boxing per timeless decision theory and they kicked me out of lighthaven