N -- e/acc

Capital markets advisory; former sell side analyst & computer programmer. Views my own, retweets are bookmarks (not endorsements).

[Paras Chopra @paraschopra]

The clearest example of power law right here ⬇️

[Mr. Czar @Mrczar_]

There’s a scene in Breaking Bad where Walter White’s wife realizes he’s made $7.5 million and says:

“There’s no way we can wash this money through a car wash. No car wash in the world makes that kind of money in a year.”

That line hit me. Because it exposes a truth most people ignore: How much you earn is capped by the kind of business you run.

You can work harder, stay longer, even get smarter - but you’ll never make more than what your business model is designed to carry.

[pale kirill @palekirill]

always a choice

[Trung Phan @TrungTPhan]

LinkedIn, X, Instagram, Reddit

[Americana Aesthetics @AmericanaAesth]

'Liminal Stop Sign', Monument Valley, Utah

[Deedy @deedydas]

There’s a new phenomenon of small groups of people who are running these small little quant funds driven by AI models who are making fuck-you returns.

I’ve personally seen many who are 2x’ing capital in months. Many unsubstantiated rumors also claim SSI is a quant shop too.

Well known quant funds have all tested out LLMs for trading. Some claim it doesn’t work. Others, well.. what do we think Jane Street doing with their huge GPU cluster? On top of that, there’s a ton of people asking Claude / GPT what stocks to buy and/or “vibe code me a trading engine”. Applies to other financial instruments too: derivatives, futures, crypto, and on the less sophisticated side, prediction masks.

It begs the question: how does this change how we think about markets? how much retail volume is driven purely by the ripple effects of AI models? does this completely destroy efficient market hypotheses in favor of “correlated model hypothesis.” Early theories say
– Small studies including one by the Fed show destabilizing effects.
– We see amplified concentrated trades into the 20 known names in the market.
– Can leave trading vulnerable to GEO attacks like publishing specific articles to “poison” the models decision making.

Eventually any alpha generated by the model at a point of time *should* decay over time. New anti-AI trading strategies with custom post trains too. Remember, you need be able to afford the tokens to participate in this alpha. What does this mean for the future of wealth accumulation?

We live in a brave new world.

[amit @amitisinvesting]

NEW COMPANIES JUST ANNOUNCED TO JOIN THE NASDAQ 100 $QQQ:

$NBIS $RKLB $CRWV $TER $ALAB

[Fight With Memes @FightWithMemes]

Bruh💀

[Justice Centre for Constitutional Freedoms @JCCFCanada]

Bill C-34: Government officials are reportedly considering digital ID as an age-verification solution.

According to privacy expert and law professor @mgeist, government officials told participants at a technical briefing that they are exploring “leveraging government ID systems” for age verification.

The language of Bill C-34 requires affected social media platforms to prevent minors from creating accounts through age-verification or age-estimation measures. Australia has pursued a similar model. But government officials are now contemplating a different possibility: Canadians proving eligibility through government-operated digital ID systems such as the Alberta Digital ID, BCeID, or perhaps even a future national digital ID.

This may never materialize. But the fact that government officials are considering government-controlled digital ID systems as a gateway to social media access should concern every Canadian who values freedom of expression, access to information, and privacy.

More to follow.

[Ben Rabidoux @BenRabidoux]

Who fking cares?

If all they’ve got on Carney is that he’s short-tempered with some idiot MPs, this guy will have a majority for 8 more years.

This angle wont pull a single vote away from the PM. Dig harder

[wealthmoose @wealthmoose]

🚨🇨🇦 CTV runs a Danielle Smith approval drop as breaking news.

Carney hasn’t sat in the House of Commons in weeks. GDP is negative. 60% of mortgages renew this year.

Imagine if they covered that with the same energy.

🇨🇦 #CdnPoli #CBC #Canada #Alberta

[Sidhant Sibal @sidhant]

"European sells weapons which are used to attack India, for many many years. We Indians have never done anything to endanger Europe", EAM Jaishankar says when asked about India's stance on Russia Ukraine conflict

[Adarsh Hegde @adarshahgd]

"No European country has been attacked with Indian Weapons... So Keep that in Mind"...!!!

I think Europe was not expecting that answer from Minister @DrSJaishankar 👏

[The Macro Pulse @TheMacroPulse]

Everyone loves the long-term S&P 500 chart.

Fewer people show the path.

Since 2000:

Dot-com bust: -49%
Financial crisis: -57%
COVID crash: -34%
2022 selloff: -25%
Long-run returns are real.

So are the drawdowns required to earn them.

[N -- e/acc @nixyrus]

@Tablesalt13 the other 74% are lifelong liberal / NDP voters, elbows up!

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

NEW: 26 per cent of people experiencing homelessness in Canada are over 50 – double the percentage from 2009.

-U of T researchers.

[Brandon @LibOrNormal]

🚨Breaking

Pixar has a new movie coming out on June 30th, just in time for Pride Month!

It's called, "Wrong Hole Fool!"

[Not Jerome Powell @alifarhat79]

Trump: I’m attacking Iran. I’m not attacking Iran. I’m attacking Iran. I’m not attacking Iran.

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