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    Nippon Steel to Acquire U.S. Steel for $14.1 Billion

    well. They don’t make smart phones. And they don’t put stuff on a virtual cloud.
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    Are lottery Butterflies worth it?

    The structure where you sell 2x at 10 vol!
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    Fake Moon Landing?

    that’s because Iraq stores them on the moon.
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    Election 2024 Foreplay

    Up there with Silicon Valley as HBO's best.
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    Optimism Linked to Poor Decision-Making and Lower Cognitive Skills

    i just read the actual article. it's a slightly different spin on dunning-kruger. i know too many very smart people who have left a lot of money on the table by being overly "pessimistic." I know too many not as smart people who have made a lot of moeny by being overly optimistic and using...
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    Optimism Linked to Poor Decision-Making and Lower Cognitive Skills

    why would I do that? This is ET.
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    Election 2024 Foreplay

    the best part of that season was that Hugh Laurie was betting on this scenario the whole time.
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    Quant’s winter tail

    :)
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    Quant’s winter tail

    <squinting> do I know you :).
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    Optimism Linked to Poor Decision-Making and Lower Cognitive Skills

    totally agree. Growth mind set doesn’t mean success. And luck has the largest role to play in all of it. the point of the thread was that pessimistic people make better decisions. I don’t agree with that.
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    Optimism Linked to Poor Decision-Making and Lower Cognitive Skills

    I know the point of the picture, but i don't know how it relates to my post.
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    Quant’s winter tail

    The fund doesn't compound returns - ie, it is constantly returning money to its investors. So without the AUM, the returns while strong, don't tell you a lot. The annualized figure doesn't tell you much because in the first few years, they could have been thousands of percent on tiny notionals...
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    Quant’s winter tail

    Do you know what Jim Simmons has achieved? Outside of medallion, rentechs publicly available funds haven’t done that well. Medallion has but I’ve never seen returns with AUM.
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    Quant’s winter tail

    even if you had the returns, you wouldn’t have access to their historical stock selections
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    Quant’s winter tail

    supposedly there are high end services that have this. Or the firms provide the info. bbg has some hf returns but they tend to be the small / incubating type funds. To access them you have to fill out an accredited investor form.
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    What aren't all options cash settled?

    Too hard. Drive a lambo all day instead.
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    Quant’s winter tail

    Thanks. That was an interesting read.
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    Costco announces $15 per-share special dividend

    It seems like a lot of companies are issuing special divs right now.
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    What aren't all options cash settled?

    This is wrong. Buyers exercise in order to avoid a loss. Sellers can only gain by a buyers mistake.
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