Boaz Weinstein Thrives in Market Chaos With a 25.5% Gain in 2020

PoopyDeek · Mar 7, 2020

The guy I work for had trouble getting an ISDA and he's worth over a B.

Same Lazy Element · Mar 7, 2020

PoopyDeek said:
I know your background (bc you've told me and you're published), but you obviously haven't seen the movie "Ronin."

I have, I just did not remember that particular scene (ambush with a cup of coffee). What a great movie, too

PoopyDeek · Mar 7, 2020

Same Lazy Element said:
I have, I just did not remember that particular scene (ambush with a cup of coffee). What a great movie, too

"Draw it again."

Same Lazy Element · Mar 7, 2020

PoopyDeek said:
The guy I work for had trouble getting an ISDA and he's worth over a B.

I think there are some funds that have isda who are smaller like HAP (he’s got like 150 I think). But he’s an important layoff account so it’s a different story.

PoopyDeek · Mar 7, 2020

Same Lazy Element said:
I have, I just did not remember that particular scene (ambush with a cup of coffee). What a great movie, too

Frankenheimer's last movie.

Edit: No, he did Reindeer Games as well. Ugh.

dealmaker · Mar 7, 2020

S2007S said:
The average investor has zero access to trade credit default swaps and derivative bets... oh well.

Are you saying you can’t benefit from the above post because the average investor can not trade CDS?

newwurldmn · Mar 7, 2020

Same Lazy Element said:
I think there are some funds that have isda who are smaller like HAP (he’s got like 150 I think). But he’s an important layoff account so it’s a different story.

How much do you think HAP makes a year?

Same Lazy Element · Mar 7, 2020

newwurldmn said:
How much do you think HAP makes a year?

My guess would be about 35-60, at least given what I know about the flow he gets. I (and many others) wish I can get some of it, but the layoff propositions I get are mostly shit.

newwurldmn · Mar 7, 2020

Same Lazy Element said:
My guess would be about 35-60, at least given what I know about the flow he gets. I (and many others) wish I can get some of it, but the layoff propositions I get are mostly shit.

It’s a scale business. You have to be the first call which means you have to take all the shitty trades too.

Same Lazy Element · Mar 7, 2020

newwurldmn said:
It’s a scale business. You have to be the first call which means you have to take all the shitty trades too.

There is that. He's also really well connected with dealers, sometimes in shady ways.

Notably, he does not do any index layoffs and I agree with him - anything like that is a horrible business.