Pet peeve is recipes that are obviously, comically wrong — 1 tsp of salt in 4 litres of water to cook 350g of pasta? Try 5-6x that amount, as literally every Italian cookbook or website can tell you.

I discovered the Benn Eifert 🥷🏴‍☠️ bat signal.

good morning

Just normal market things, a nice casual 85% crash just after the close on Friday night. Sunday night open is going to be fun...!

Addendum: most of the time it’s impossible to tell the difference between 1, 2 and 3.

I’ve seen several rumours about a crypto prop firm blowing up and causing the liquidations on Friday after the US close. I feel it’s time to come clean. I am sorry for those who were hurt by these large liquidations and we will try to do better next time.

Hyperliquid? More like hyperliquidations amirite??!

The number of people admitting to illegal market manipulation in the comments here is wild.

incredible things are happening in the quant group chat

Some neat stuff in here.

The real question is: why are adults at a party doing high school level math?

In a two tick wide market with zero fees, you find that posting a limit bid at the mid price is consistently unprofitable. Would posting a limit offer instead be consistently profitable? Why/why not?

This is completely wrong. Here is an incomplete list of reasons that losing money is much, much easier than making money — - fees - funding spread - bid/ask spread - market impact - volatility drag - asymmetry of leverage - latency - adverse selection The only way you can

Patrick McKenzie Joe Weisenthal Millions of Americans will reach retirement with no meaningful savings having gambled them away in the stock market, but on the other hand a few hedge fund managers will get really really rich, so who’s to say if it’s good or bad..?

I can’t say this enough times. Anyone who knew how to trade with the success rate implied here would not sell it for €35/mo. It’s slop. 99% of the “quant techniques” here are things you read in academic papers but never used by practitioners. You’re a fool if you subscribe.