Accenture (and other IT consultancies) are a great example of Buffett's "royalty on sales" businesses. They are basically a royalty on technology. Other companies spend all the capex (R&D), and Accenture takes a royalty on their sales.

They see me strolling Dinesh says aha

With generative ai as well buffets other two royalty sales kings, tv and newspapers severely under valued! Sora ai and chatgpt changing the landscape of both! Fergie time fergie time!

Diversification is for cucks.

This goes hard

King delta only! Hedge the calls on MSFT with an antagonistic view of buffet

I’m on a tax break but these put options on JJF look neat! Implied volatility curve is skewed!!

Surrounded by some bunnies and it ain’t Easter 👯‍♀️

So sharpe ratio is a scaled t statistic….. Sharpe of 1 will be found in 16% of samples If I mine 100 signals in expectation I will see 15 of them with Sharpe 1 even if underlying distribution has mean of 0 Financial returns follow Chomsky principle!!!

Uber eats launched as a dynamic not a service…. Same model as Amazon and Facebook Change the landscape and preferences first

Love this because in the machine learning quantum finance paradigm first paper to understand how low signal to noise ratio is!!! Need more practitioners and less phds on the lllm signal mining!!!

Long on the peloton/craft beer industry If late 30s is new 20s expect consumer preferences to monotonically map to time preferences of money!!

Ash you would surely agree the re enthusiastic drivers are masking the underlying volatility??

Jensens alpha perhaps?🤔 easy to profit in a bull, would love to see a forecast of nvidias alpha in a post ukrain world

The EU has reached a compromise to extend tariff-free trade for Ukraine, according to a report from Bloomberg.

Those casinos will have you frothing at the mouth like a dog. Flying in the face of expected value can be thrilling but it’s nuts

On Monday the last leg starting! A return to the grind, a refusal to celebrate and bask but instead keep the wheels turning, keep moving forward. By all means enjoy it. But enjoy it by being fucking disciplined. A time to Enjoy but also to get our heads right for what is ahead

inflation walks into a bar, and suddenly, your dollar can only buy half a drink.

Umbro shopping!

With the advent of liquidity venues for private markets (NPM and the like), I wonder how much longer it will be before quants are all over the private markets -- from my understanding and limited market research, the only competitor/proof-of-concept now is EQUIAM. It seems like