I have a Singapore realtors' license bc I refuse to pay realtor commissions.
To keep it, I have to clear training hours annually.
I'm in a session rn and they are literally teaching you how to psyops and manipulate your client wtf.
Principal-agent problem.
Fuck realtors.
Yep this is the correct take.
Running a startup in Singapore is so negative EV that you select for retards who failed out of system, high functioning autists that refuse their place in the system and wealthy heirs trying to make their name outside the system.
The retard class is almost uninvestable, except for those who pivoted into the shadow economy (nightclubs, ktvs, gambling etc) in their teens and still maintain a code of brotherhood but good luck getting access to these people or convincing them to let you ape their KTV / Johor Vape Run. Avoid the system dropouts that pivoted to insurance sales like the plague (they basically sell financial scams to the elderly) and they will rug in the blink of an eye too. You might find a diamond in the rough that previously worked at a local tech company like Grab, Shoppee etc but it’s like finding a needle in a haystack bc it’s hard to tell them apart from a retard that got fired and will be pivoting into insurance if the startup LARP fails.
The high functioning autists are more investable but there are two main problems. To clarify - these are kids preordained by the Singapore system for high finance, bigtech, biglaw, medicine and other “high value” professions alongside a 2 million dollar mortgage but have somehow rejected their destiny.
The first problem is discoverability. The first class of autists fuck off to the West Coast, London or godforbid Berlin for college where they embrace and explore all their quirks that made them feel out of place in Singapore. The ones who went to Berlin are lost forever. The ones that went to California / London might, after a few years of self-discovery often involving sex, drugs and rock and roll financed by autistic superpowers or their parents, return to Singapore after either a family tragedy, the false promise of a good Asian wife / husband or their Western tax bill. You might be able to invest in them then as they seek funding for some grand moral mission to embrace or reject capitalism in their autistic niche area.
But the second class of autists that are investable don’t leave Singapore at all. You will find them in STEM, geeking out in the laboratories and computer science departments of universities, possibly in A Star. They speak a maximum of five sentences a day and are largely incapable of maintaining extended eye contact. But behind those bespectacled eyes in the acne scarred face is the potential engine of a billion dollar empire. Or a Chinese spy. Too bad you don’t speak autist.
The second problem is economic alignment. The autist does not understand money the way you do, if they did, they would be on half a mil+ comp packages within the system. You think just because you found them and funded them they work for your bags? No sir - they work for the mission. And you better pray that mission has the side effect of increased enterprise value or a path to liquidity. If not - thank you for your donation we will be applying our next gen quantum computing capabilities to solve poverty in sub-Saharan Africa.
Finally, the wealthy heirs. Success in the system means nothing because they will never emerge out of their parents’ shadow. Their grandfathers name is on your university lecture theatre.
Desperate to make a name for themselves, they will reject the family mandate to manage the real estate portfolio in order to found a startup. They might even take your venture cheque even though your fund is smaller than his inheritance bc an external fund provides “validation”. You will vie for allocation alongside people who want an intro to their dad.
Pros - they have near infinite funding and networks.
Downside - they don’t care about money and might be retarded. Good luck getting an exit.
for the 1000th time,
there are no "set and forget" trading bots.
even quants determine what algos to run based on certain environments - so there's still some form of discretion necessary to a certain extent.
there ARE massive periods of variance, which extend the perception of a bots performance for a period of time
example:
a trend-trading algo that wins the first 8x it is utilized will be able to hide under the guise of 'profitable' for an extended period of time, thanks to the exponential increase in portfolio amount initially, and subsequent drawdown having a lesser impact (but will eventually draw down into unprofitability nonetheless)
vs.
that same trend-trading algo being utilized, only to enter an immediate 4x losing streak, and will never be able to hide under the guise of profitability (because of long-term drawdown mixed with short-term unfavorable variance).
same algo, though.
what people do (unknowingly or not) is take these algorithms, present these algos to the public when extended favorable variance hits, and market them as 'alpha'.
as of recent months, thanks to AI / vibecoding, I know you've seen an uptick in people 'backtesting' strategies and claiming they will be able to retire forever by letting an algo do everything for them.
you have to wonder why they would then turnaround and sell that algo to you, if it's profitable for the rest of forever (and API latency / delay marginally decreases effectiveness for the algo's profitability)
it's the oldest grift in the book.
it didn't just randomly NOT become grift because AI allowed you to code more algos, more quickly.
hope this helps.
@brandank_cr Why do so many accounts believe this larp with a paid group when he got caught faking PNL screenshots before last year?
>Says publicly turned $700K -> $20M
>Zero actual proof of multiple 8 fig positions
>Instead just charts many tickers and comes back to reference winners
I texted my wife to come to my office that I needed her. She came, I held her, I cried, told her what happened. Took a deep breath and reminded myself that feeling sorry for myself doesn’t accomplish my life goals. Started going through wallets, adding up what I have left and reminded myself that I can rebuild. Then I started offering emotional support to others. Because as bad as you ever have it there’s always people who have it worse.
I am big fan of no crying in casino since taking risk in markets is obviously risky and you should be well aware of that.
That being said it is obviously very stupid taking your life because of the money you lost.
Imagine your closed ones having to explained you are dead because you lost money on Chillhouse...
Take time away, recoup, markets will always be here.
This guy is the biggest fraud in prediction markets.
Claims “I made $100k arbitraging”.
Reality: his PnL on Polymarket is -$3k.
Keeps faking screenshots with inspect element for clout while posing as an “expert.” Best way to gain engagement but lose all your credibility.