Vignesh

Recovering sportsquant, now attempting better quests.

[philip lewis @Phil_Lewis_]

the zoom in is brutal

[Luis Garicano 🇪🇺🇺🇦 @lugaricano]

Free markets are the best way to create wealth AND reduce poverty ever discovered.
One of the big puzzles of history is how the same lesson has to be learned again and again. Poland, China, India, and now Argentina are the latest experiments.
Argentina with Milei:
- Poverty down: 53% to 28%.
- Inflation down: 200% to 33% (and continuing to fall
- Growth up to: 4.4% last year.
- Govt surplus: first in 123 years.
https://t.co/xwHfaDbTo8

[Vignesh @sportquant]

@Molson_Hart @JuanSanchez0x0 If you wish to discourage speculation, that's a policy problem. Jane Street is a beneficiary, hardly the cause.

[Vignesh @sportquant]

...to attract competition but I wonder to what extent the marginal poached elite researcher or some new novel data supplier matters vs sheer elbow grease to generate clean tasteful data, knowledge of the data generation supply chain, and quant-level compartmentalization of alpha.

[Vignesh @sportquant]

I'm curious to what extent the moats of the AI labs might look a lot more like process knowledge (à la TSMC and other manufacturing businesses) than traditional network effects. The revenue ramps of OpenAI and Anthropic - startups - in the face of both intense poaching...

[Tomasz Tunguz @ttunguz]

xAI has massive compute. The Colossus data center in Memphis houses 100,000 NVIDIA H100 GPUs.

But xAI's model popularity collapsed. From August to November 2025, xAI processed 6 trillion tokens per week. By April 2026 : 0.6 trillion. A 90% decline.

[Vignesh @sportquant]

...from *much* better-funded competitors (the consensus in AI in 2023 seemed to be that Mag5 would capture a lot of the value) seems to suggest this holds some weight. Of course, the models are priced to be some of the most valuable artifacts in all of capitalism and are sure...

[Vignesh @sportquant]

Unreal.

[Vignesh @sportquant]

Justin Rose just hit one of the prettiest shots I've seen.

[Vignesh @sportquant]

Justin Rose just hit one of the prettiest shots I've seen.

[John Arnold @johnarnold]

There's a Thai golfer playing in the Masters this week named Fifa Laopakdee. That's an interesting first name, I thought. It must be a traditional name from his culture. Nope, the opposite.

[Vignesh @sportquant]

The delivery is perfect.

"On a scale of 0-10 what interest level do you have?"

"NONE."

"That *is* a level."

[Joe Weisenthal @TheStalwart]

You've seen the headlines about Iran not being interested in ceasefire talks. But there is a certain logic by which that means they are interested in ceasefire talks.

[Alec Stapp @AlecStapp]

In the late 1960's, Paul Ehrlich was advocating for cutting off emergency food aid to India.

This would have caused mass starvation.

When people say that he was evil, this is what they mean.

[Vignesh @sportquant]

@tamaybes Ilya, Greg, and the other OpenAI cofounders surely own significant stakes. (IIRC, Ilya had $4B of vested OAI equity in 2023, which - even without his SSI stake - would put him atop many of these lists.

[Vignesh @sportquant]

@s8mb

[Vignesh @sportquant]

@_AashishReddy I'm sure his informational environment is great - with or without insider knowledge - but I doubt that matters as much anyway. The HBM trade, for instance, was all over fintwit last year before that materialized.

[Vignesh @sportquant]

They're selling pennies for 25 cents

[Sam D'Amico @sdamico]

A couple weeks later, pennies are now worth $0.25

I take back everything I said about crypto

[Vignesh @sportquant]

What a deeply incurious comment.

[Open Source Intel @Osint613]

French President Macron on Starlink and Elon Musk:

“Everybody is fascinated by Starlink. I'm super happy. But if you are lucid, Mr. Musk is probably one of the guys in the world who has had in his pockets the most billions of dollars from American taxpayers in order to be subsidized. I mean, Elon Musk is first an over-subsidized guy by the federal agencies in the US. Good news! It makes him super innovative.”

[Vignesh @sportquant]

@StevenGlinert Why "inevitably" with Taiwan?

[Vignesh @sportquant]

@kipperrii He has a cool answer to this. Free soloing - especially at his level - is so far beyond the capacity of normies where, if you've gotten to that point where you can conceivably get even a few feet up, you probably have a bunch of brain cells that can rationally assess that risk.

[Gappy (Giuseppe Paleologo) @__paleologo]

No matter how high the Sharpe ratio of your firm is, you will be constantly reminded that you were born to suffer.