in crypto, where there are no fundamentals, most people only have conviction until 40% down or so this means they'll happily hold thru a 15% drawdown but if the market really breaks, they'll panic its better to panic first or not at all

Just read that Starbucks lost $30B after hiring a McKinsey consultant as CEO. Guy spent his career advising founders how to build companies, but never built one himself. 17 months later, he’s gone. They bring in the Taco Bell CEO… and the market cap jumps $20B overnight. Turns

What trading crypto all year has felt like.

Your body won't let you earn more money if your nervous system doesn't feel safe. The smartest business move you can make is actually to relax more. More relaxation means less stress hormones which become the precursor to million dollar ideas naturally

GVZ is key to understanding gold, but most people don't know what it is or ever look at. It's gold vol, and it's telling you we've topped out--but just for now. Gold vol is opposite of equity vol; it peaks at times of blow-off short-term tops. Notice in April as gold futures

I understand that many investors make decisions based on macroeconomic themes and fundamental projections. But if you’re a trader, that type of forecasting is largely irrelevant. The only thing that truly matters in the near term is flow and positioning because those directly and

i think the OAI partnership / NVDA stake meta is dead. time to find a new thing for stocks to gap on.

S&P earnings growth has outpaced inflation 94% of the time post-gfc…equities are debasement hedge

Unless you are like 10x levered and pawning your grandma’s undies, chill and enjoy the ride. I can’t believe how many people on X lose their shit if market goes down 1%.

I have a friend/ investor that made low 9 figures trading small caps over 15 years. Most legacy based shops wouldn’t really take him serious if he walked into an IC meeting. But they would worship at the feet of a guy who was an MD at Goldman for 4 years and did nothing but

The richest, whitest, most sheltered girl you know from wealthiest suburb in the country is posting a picture of Zohran Mamdani on her story right now captioned “power to the people!!!” from her Soho apartment that’s paid for by her wealthy conservative father

This is by far one of the best interviews from Bruce Flatt, Brookfield’s CEO. During the interview, the reporter asked him if we are in a bubble and he immediately broke character, saying we are not. He explained that the majority of these companies have better credit ratings

Nancy Pelosi has retired. 20 terms in congress. 100 years. This is the TOP.

“The average Ivy League grad voting for Mamdani is annoyed their education is not that valuable, and that the person who knows how to drill for oil has a more valuable profession...I think that annoys the fuck out of these people," Palantir, $PLTR, CEO has said.

This is very true. In my experience, a lot of quantitative techniques are more about mental stimulation than actual results. I have seen this repeatedly in the industry, an unwavering fascination with complexity that often produces poor outcomes. This does not apply to all

Japan is considering a $110 billion stimulus package and that's the reason bond yields are spiking right now. Japan already has insane debt at over 230% of GDP. When you're already drowning in that much debt announcing more spending without raising taxes or cutting anything else

The hardest thing to do right now is be patient and those that can outlast the impatient will be rewarded.

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No, discipline and “feelings” are not your edge. Don’t even start to say that you have that intuition if you are just a few years in. Your edge is a repeatable process with a positive expected value, something you could write down as a simple mathematical expectation that shows

Historically the age group from 15 to 25 will set all the future trends. They have the least amount of financial and personal responsibility, disposable income from parents, are the most active on social media and take the most risks/most creative.