"“Fed Day” is a Ceremony on Wall Street where Bull Monkeys and Bear Monkeys sacrifice their Option Premium as Tribute to the Market Gods"
- Le Shrub, from "Reminiscences of a Shrub Operator"🌳
after watching 30+ DAOs implode over the last 9 years, i noticed the same character archetypes are there EVERY. SINGLE. TIME.
once you see them, you can't unsee them 😂
i hope that knowing these archetypes, will help you identify them and deal with them
...
It is totally fine to not cut rates with absolute dogshit, zero-revenue companies worth $10B going up 10% every day, Chamath asking if he should launch another SPAC, low unemployment, markets near ATH, and an uncertainty machine in the White House
Alpha update
Well back to max short equities on that rip August puts 4% worst case loss Long medium SFRZ5 and long half max zB. Put spreads
Beta still 40% cash. The rest global DS beta