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Is this the shortest post you have ever made? :p

It makes him sound so savvy and successful.

But all else being equal your trades will be smaller if your account SiZe is smaller. If you lose money your account size will be smaller.

Nike is going to be toast after a few illiterate baby boomers pretend to stop buying their gear

It is. A 50k account should trade half as much size as a 100k. The point is dollar space vs return space.

I think he’s talking about downdrift inherent in returns. Businesses don’t have it as they are based on dollarsfrom time period to time period. A dry cleaner makes X +/- epsilon per year. If epsilon is negative one year it doesn’t affect what X will be next year. But in a trading book it does as...

Gwb writes a thread called thug to highlight the killers were black but produces no thoughts himself on why that fact is relevant or why he’s posting the article in the first place. So everyone wastes time trying to figure it out and then he can claim deniability or credibility based on the...

Really! These companies need to stay out of politics!

Ask AAA.

(BN) Private Equity Not So Private as Fees Revealed at Blackston e +------------------------------------------------------------------------------+ Private Equity Not So Private as Fees Revealed at Blackstone 2015-01-01 05:00:01.0 GMT By Sabrina Willmer and Alan Katz (Bloomberg) --...

For AAA, it’s becausd she’s not white

Prob a few less than blackstone but that’s only because blackstone has hundreds of employees. But that’s the scam. Returns aren’t great but fees are high. And in PE firms don’t just earn on the 2 and 20. They charge the portfolio companies pretty hefty administration fees.

I agree. I bet there are 5x more centillionaires at blackstone than citadel, sac and millennium combined

I can tell you another example over PM if you are interested.

Isn’t that the NFL’s decision then? Why are you so worked up about it. You don’t get a say.

Private equity is a scam. IRR calculations encourage a quick return of cash. That’s not the way to build wealth unless you can easily reinvest that cash. It’s tough to find good deals.

I used to determine a forward vol. but I don’t think it was statistically better. The MBUU situation could be something idiosyncratic and just the exception to your formula

The vol reset is the tricky part. The algebra is an approximation. Often the implied move is greater because the term structure goes upward sloping.

There are rules about modifying your uniform. This is because it can affect the sponsorship dollars that the NFL brand earns. There was no rule about standing for the anthem. Now the issue has become larger that it's not easy to put one in place. If there were a rule about standing for the...

That is also a problem but it’s not the same. the government is supposed to protect its citizens... cops killing blacks (and the whole situation is a lot more complicated that I’m making it) is exactly the opposite of that. Certain citizens are being harmed and society looks the other way when...