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his firm has 70 employees and qualifies for YPO: which means it has a certain payroll requirement and a certain revenue or enterprise value requirement. I think the min revenue is 15mm but in Austin it might be higher. With 70 employees he’s probably clearing 3mm/year himself at the minimum...

there was a quora post about a 14 year old who played trump in a tournament. Trump was winning in the beginning and was boastful and cockey. The 14yo caught up and eventually won. Trump wouldn’t even shake his hand. what kind of a douche acts that way. the post was written by the 14yo (a few...

have you heard of a concept called a 12? If not, I’ll post it in the chat.

wow. you are right. PUT and BXM up only 40%, SPTR up 121%

i've heard that argument about management admission as well. in my schooling it was coupled with, then the div is a good idea because the shareholders can decide what to do with the cash. But i didn't go to Stanford, i went to a school that was more old-economy focused. I agree that a mature...

its like saying "i'm going to start a 1 billion dollar business." that's great. we all want to start a 1 billion dollar business. it doesn't get you any closer to starting a business that will make you $1.

in fairness, i probably fall into that category.

michael steinhardt was a huge proponent of dividend paying stocks outperforming the broad market. i think wisdom tree (mutual fund company) might have a lot of research on this topic. this was before the big rally in tech stocks over the last 10 years however. so maybe times have changed...

while you are right that on the ex-date the stock drops and you create a taxable event. i believe the market doesn't price these stocks correctly and the stock price quickly reflect the next dividend (far out in the horizon that the market was ignoring). otherwise stocks like PG, T, XOM, etc...

why do you think momentum is a form of risk premia? i've always defined risk premia as the risk someone lays off to you so that they can sleep at night. Like risk arbitrage premium exists because people don't want to be long the deal just in case it busts.

do you consider your trend following system to be capturing risk premium? If so, what risk premium is that?

setting an unrealistic objective isn’t doing anything right. as one of the most successful traders on this site said: first find the strategy and the edge. The pnl will be whatever it is.

India was essentially born with herd immunity until the variant started spreading.

America can’t. Most desired profession for American young adults today: TikTok star. Most desired profession for Chinese young adults today: Astronaut

Become a loan shark.

they failed because they overlevered giving credit to people who didn’t deserve it. you keep attributing financial failures to an options model instead of to other more obvious factors.

Why the putw outperforms the bxm. it has nothing to do with skew. https://images.aqr.com/-/media/AQR/Documents/Insights/White-Papers/AQR-PutWrite-vs-BuyWritevF.pdf

I don’t know this latest development but there were antitrust issues with the first merger.

how do you sell puts to outperform the market but then also claim selling puts gets into the market at lower prices? how is a put not a synthetic covered call at the same price? how is selling a covered call giving up your upside while selling a put does not? you put way too much importance...

while the wiki shares some of the shortcomings of the models it clearly explains why it’s still used by banks and other firms. Why would you post something that proves black scholes is a decent framework?