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good for you for generating those returns.

I have trump supporting friends who donated to the election fraud because they believed it was a ploy to raise money for the Georgia senate races.

You are taking my statements as hostile when they actually aren’t. Of course leverage and compounding affect your net returns. how much leverage do you run? If you have 10k in the account, how much notional are you trading at any given time? 200x means 10k is worth about 2mm assuming you...

“Bruce Willis wore these shoes. He’s a stud” -Paul Tudor Jones.

bps matters because you are quoting percentage returns. 100x or 200x is a percent return. You scaled your position up because the notional went up. If you are earning the same number of points your are earning fewer basis points. But my point originally about the bps was to show the lower...

the higher the volatility (lower the sharpe) the higher likelihood of a permanent impairment of capital.

How are you qualifying capital invested? there are very few on this site who would think I don’t know how the ES or how trading works. you think 25 points in 2012 with the Spx at 1500 is the same as 25 points today with the spx at 4200?

Why is everyone assuming he killed himself because his fund had redemptions?

From 2012 to now Bitcoin is up between 100x - 200x. your account trading ES is up over that with the ES realizing about 80bps/day?

Probably other stuff going on in his life. this guy was psychopathically disciplined. He held 40percent cash for 13 years because he couldn’t find enough stocks that fit his criteria. that is insanely hard in institutional finance as there is all sorts of pressures from peers, media, and...

he wasted your minutes. for him, he’s earning during those minutes.

People don’t work harder because they get paid more. People get paid more because they work harder.

You are right, US market cap up 13 trillion since pre Covid.

during the Covid pandemic the government literally printed 4-6 trillion dollars (not some yield curve twist scheme). That money will eventually find itself in assets like stocks, real estate, and classic cars. It has nowhere else to go. The only question is how it swirls and how who benefits...

There’s still 4 trillion that needs to enter the markets.

Unless things have changed the bank I was at hired a ton of people, put them through training for 8 weeks (which is really just indoctrination fueled with alcohol and sex) and then put them on the trading desks. The analysts were delta hedging within a few days and making markets within a few...

you would be structurally short convexity?

inflation is awesome! the middle class gets squeezed! The poor make more, the rich are rich and the middle class can’t afford to go to chipotle at 15 dollars/entre!

those will all go to bots. It’s already happening - self checkout, self ordering, waiterless restaurants. maybe domestic servants servants will come back en Vogue.

While I respect your perspective and appreciate this discussion: I think your views on this topic are facile. It’s a lot more complex of a situation. In the same vein as you would vote Muslim because in a land far away people with your views are punished, i would vote Christian because no Muslim...