pepegaQuant

equities & crypto L/S @monocerosven

[pepegaQuant @PepegaQuant]

How do I become a MEV gigabrain & make sense of @tarunchitra's tweets
... is THE question I get asked the most.

So, we @monocerosven decided to leave no stone unturned & wrote one of the most comprehensive overviews of MEV to date:

The MEV Book

https://t.co/SRdm1cFhG9

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@kelxyz_ @WestieCapital https://t.co/Ho708ueSz0

[Cassandra Unchained @michaeljburry]

So, I bought 50,000 of these things for $1.84.
Each of those things is 100 doodads.
So I spent $9,200,000,

Not $912,000,000. @CNBC @WSJ @FT

Each of those doodads let me sell $PLTR at $50 in 2027.

That was done last month.
On to much better things Nov 25th.

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@kelxyz_ @WestieCapital which is absolute peanuts compared to his long exposure?

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>did you doubt me anon?

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@dylan522p will be there

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@vontuchman @tuohenpolttaja @Weketor Mikä tää sun määritelmä fundamenteille siis on?

Sanotaan vaikka että ostin Wärtsilää tuossa 6kk sitten koska tiesin GEV:n ym. turbiinien olleen täysin loppuunmyytyjä ja nyt kun tilauksia sataa niin alan ottamaan positiota pois, eikö tuo ollut fundamenttien pohtimista?

[pepegaQuant @PepegaQuant]

@WestsideLAGuy There are an order of magnitude more new grad offers for QTs at JS tier firms than there are 2nd round NFL draft picks.

Earnings wise the NFL players clear way more not even accounting for how much NIL theyve accumulated up to that point

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@malinvested @compound248 do you know who he lives with

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@ContrarianCurse @TheStalwart making 20bn+ a year isn't free.

xtx used to have one of the largest GPU clusters in the world before all the hyperscalers got AGI pilled

[pepegaQuant @PepegaQuant]

@hkeskiva Jos sinulla olisi oikeasti suvereeni oikeus päättää ydinaseiden käytöstä, on varmaan miljoona parempaa tapaa koittaa monetisoida se kuin veikata jossain markkinassa.

[pepegaQuant @PepegaQuant]

@hkeskiva On ihan hyödyllistä tietää, että analyytikot (sekä sisäpiiritietoa omaavat henkilöt), jotka laittavat oikeaa rahaa peliin (ei siis median "ekspertit") ovat sitä mieltä että esim tämä Iran tilanne ei todennäköisesti eskaloidu ydinaseiden räjäyttämiseen.

[pepegaQuant @PepegaQuant]

@0xfishylosopher this wouldve been totally the right call by the way.

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@firstadopter The elitism is so gross given his track record, and even if you want to go there, the co-author of the article is a Harvard grad who runs a 200m+ AUM HF & sold his AI company for 1.7Bn dollars.

[pepegaQuant @PepegaQuant]

@shortbus_ace and conveniently ignore that the co-author of the article graduated harvard and sold his AI company for 1.7bn

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@blondesnmoney brutal RHR mog

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@LuckyXBT__ @tmnxeq come back @tmnxeq

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@tbpn The full exchange comes off completely differently than the actual headline but AI bears need their clickbait titles.

https://t.co/nm5jMAW1y7

[Rittenhouse Research @RHouseResearch]

WSJ Headline: OpenAI Wants Federal Backstop for New Investments

What was actually said by OpenAI CFO Sarah Friar:

Friar: "And so this is where we're looking for an ecosystem of banks, private equity, maybe even governmental... the ways governments can come to bear."

WSJ: "Meaning like a federal subsidy or something?"

Friar: "First of all, the backstop, the guarantee that allows the financing to happen. That can really drop the cost of the financing, but also increase the loan to value, so the amount of debt that you can take on top of an equity portion."

WSJ: "So some federal backstop for chip investment."

Friar: "Exactly, and I think we're seeing that, I think the US government in particular has been incredibly forward-leaning, has really understood that AI is almost a national strategic asset, and that we really need to be thoughtful when we think about competition with, for example, China. Are we doing all the right things to grow our AI ecosystem as fast as possible."

WSJ: "Are you talking to the White House about how to further formalize that kind of backstop?"

Friar: "We're always being brought in by the White House to give our point of view as an expert on what's happening in the sector, for sure."

WSJ: "Is there something in the works that's tangible?"

Friar: "Nothing, nope, no, I love you Sarah, but nothing to announce, nothing that's going on right now."

So, basically, OpenAI mentioned they'd (obviously) be open to some form of potential government financing arrangement in which the government backstops loans made to OpenAI, after first naming banks and private equity.

"Banks, private equity, maybe even governmental..."

And then the WSJ reporter repeatedly hounds OpenAI's CFO about whether the White House is actively engaging with OpenAI on some form of financing (to which the answer was no).

It's almost as if a few years ago the White House doled out hundreds of billions to the green energy industry... Is it really that unreasonable for OpenAI to at least be exploring some government involvement in AI?

The actual more important quote from OpenAI's Friar today was that OpenAI's gross margins are "very good software margins", which implies 75%+ as opposed to the 50% or below that's been rumored. But of course this doesn't make nearly the headline...

[pepegaQuant @PepegaQuant]

This is veering on disinformation. She did not say they are currently ACTIVELY seeking support.

The quote was: "This is where we're looking for an ecosystem of banks, private equity, maybe even governmental, the ways governments can come to bear," she said."

[pepegaQuant @PepegaQuant]

@HighyieldHarry Packed in like sardines. You have no respect for yourself as a professional if you let yourself work in an environment like this

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@TheStalwart @tracyalloway >the podcast debut for @ollirehn

not quite, I interviewed him as an 18 year old in 2018... hope you understand Finnish!

https://t.co/Sj2B9H7krx