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    GOP estate tax repeal

    I think LLC’s are exempt from the new estate tax laws embedded in trump’s tax reform. While my kids will benefit greatly from the new estate planning laws, they will exacerbate the income inequality that everyone is complaining about.
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    Hedging ratios for vega neutrality/vomma trading

    If you need it, then you need it. Most people (including professional vol traders don’t.) If your example took days for you to figure out then formalizing the second order Greeks isn’t your solution. It’s an intuitive understanding of how options work. you learned something in that analysis...
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    Hedging ratios for vega neutrality/vomma trading

    Lots of people look at the second and third order greeks. Lots of people look at cross greeks as well. But they generally run very large books where those effects are meaningfully monetizable in the scope of their pnl. An exotics desk may look at vomma while pricing a 10 year insurance structure...
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    My Peloton

    There is a whole series of tweets of him mocking peloton ads. They are pretty funny.
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    The right-wing is a black hole of intelligence

    Na. All those “constitutionalists” will be begging Donald to run for a third term.
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    Bill Ackman Hedge Fund up 18% YTD

    It was Icahn going long. The problem with HLF is that while it smells like a scam (and it probably is), for forty+ years the FTC never went after them. Either because they fit the letter of the law or the FTC forgot to. Either way he was fighting a very tough battle to convince the FTC to change...
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    I wish I would have gone into the military. This is really boring.

    I bet there are many grass root charities in your town that you can support financially and with your labor. They are generally understaffed and don’t need a lot of money. And you will see the impact with your own eyes.
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    Average WEEKLY wage of $9440 for finance in NYC?

    The I doubt the average weekly wage is 3k-ish. I think that category includes bank tellers and back office people. The average compensation at Goldman is like 400k. It’s about as pure of an ibank around.
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    Massive S&P 500 buyback index outperformance of 25 years?

    It could be true. There is ample Evidence that buyback stocks perform well. I bet the buyback strategy underperformed from 95-2000 and then massively outperformed until 2012 when momentum took over again. What’s the bbg ticker for the buyback index?
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    Average WEEKLY wage of $9440 for finance in NYC?

    It also includes bonus season. The next quarter the average weekly wage will annualized closer to 2,000 I bet.
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    Constitutional Crisis: Colorado Dems Pass Bill To Eliminate Electoral College

    I actually agree with you. Trump’s election, while a stain on American democracy, doesn’t invalidate the system of checks and balances that the electoral college offers.
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    Seth Klarman, author of "Margin of Safety" loses $645m on PG&E

    Value guys average down. Momentum guys average up. Value guys are contrarians and so they see better and better upside as their position moves against them.
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    Go into debt to pay rent? California startup finances your rent with high-interest loans

    This smells like a scam. Contrary to popular belief, credit card companies don’t make money on interest charges. They make their money on the discount rate they charge vendors. If you aren’t paying your bills on time then you are a dangerous consumer to them.
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    Howard Marks memo ( Oaktree Capital Management)

    Read about Huawei and the T-mobile robot. It’s comical.
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    Look who's back...

    It would be dumb to let her run again, but you think trump has net gained or lost support since 2016?
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    Texas says it found 95,000 non-citizens on voter rolls; 58,000 have voted

    A citizen who doesn't have an address... And yes, every election since George Washington is illegitmate by GWB's standard. Challenge GWB on it, I'm pointing out his absurd claim. And now I'm asking you to justify the claim that elections are so sacred that we need to be secure them from...
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    Texas says it found 95,000 non-citizens on voter rolls; 58,000 have voted

    Is there a problem? I hear conflicting issues. GWB stated that one fraudulent vote ruins the integrity of an entire election. Fine. Then Trump's presidency is illegitimate by his own standard. In another thread, you mention that it is okay to deny some citizens their right to vote in order to...
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    Another possible removal of golden handcuffs

    Emigrate to London. Make millions working as a “slave” for a bank or hedge fund. Get paid in offshore accounts. Move to a country with low income taxes (Croatia, Switzerland, Hong Kong), get your money out and move back to your home and do whatever you want to do. I know lots of smart guys who...
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    Sweet MAGA Tears

    Actually probably pretty well. She might be the one whose playing 3D chess.
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    Dividend Rolls or Swap Contracts on Dividends

    Many instruments are designed to avoid taxes and I think the IRS is actually lenient on that stuff. I’m sure you have been pitched the bullshit captive insurance schemes.
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