Quant Baby Quant

Congratulations @gchikermane and @rishiagraw for doing the grunge work that has now become the basis for #JanVishwas2. @samirsaran @orfonline "The Jan Vishwas (Amendment of Provisions) Bill, 2026, introduced in the Lok Sabha on March 27, 2026, seeks to decriminalize 717 minor offences across 79 Central Acts to improve the ease of doing business and living. The Bill replaces criminal penalties with fines/penalties, targeting 784 total provisions to foster trust-based governance" orfonline.org/research/jaile…

“I Did Not Predict What Is Going on in Privates” And to be clear there was no double entendre intended. aqr.com/Insights/Persp…

Ken Griffin, founder of Citadel, has a $10 plaque behind his desk that reads: "If we're all going to eat, someone has to sell." Of all the things this man could surround himself with, he chose a cheap plaque with a blunt truth about business. "You're always selling. You're selling to candidates. You're selling to vendors, you're selling to counterparties, you're selling to customers." And if you're always selling, you know what you're going to hear a lot of? "No." Griffin doesn't sugarcoat it. He tells two stories that illustrate just how brutal rejection can be. 1994 was a rough year, with Citadel losing ~4% of its capital. Griffin flew to Switzerland for a crucial lunch meeting, sat down, and his guest arrived only to say: "Oh, I thought you were John Griffin from Fen Church. I got to go." His lunch date got up and left the table. Later that afternoon, a Swiss banker spent 45 minutes with him in a beautiful office, smoking a cigar, before closing with: "Such a pity that such a bright young man picked the wrong career." Two rejections in one day for the founder of one of the most successful hedge funds in history — and his takeaway was simply this: "You just have to tolerate. You're going to hear no a lot, but you need to become accustomed to having to market your ideas and market what you represent and what you stand for." Absorbing rejection and continuing anyway is the actual skill, whether you're hiring, raising capital, or winning customers. Most people avoid selling because they're afraid of no. The ones who build great things have learned to expect it.

Apple has decided that $599 is the new floor for a “real” Apple device. Not a hand-me-down, not last year’s leftovers. But a current-generation product with current-generation silicon. It’s also about hitting Microsoft when things are topsy-turvy in the Windows ecosystem. om.co/2026/03/02/app… tip @techmeme

The agents are coming $nvda $amd $goog $meta $msft

@F_Compounders at the Market peak?

Steve Schwarzman and Jon Gray in 2007 This was after they signed the $39 billion deal to buy Equity Office Properties In an 8 week span they executed $70 billion in real estate transactions

Charlie Munger: "Imagine politicians who never understood Adam Smith. It would be like hiring an engineer to design your airplane when he didn't believe in gravity." Politicians that don’t understand economics or free market capitalism create disasters.

Please do listen to the wife of a #war veteran. She is so eloquent in her #expression and really nails the subject, highlighting the sadistic #mindset in #taxing the #disability #pension.

Katherine Boyle just identified Elon Musk’s most important contribution to America, and it has nothing to do with the products he shipped. Boyle, General Partner at a16z: “I think Elon’s most important contribution to this country is training two generations of engineers to work with their hands again.” For ten years, America’s sharpest technical minds optimized ad clicks and built messaging apps. Software consumed ambition. The physical world became something you abstracted into APIs, not something you touched or understood. Elon didn’t reverse that through inspiration. He reversed it by building companies that required understanding manufacturing or failing completely. SpaceX and Tesla forced engineers to learn how metal fractures, how tolerances cascade through systems, how physical iteration costs months and millions per failure. No debugging. No patches. Just physics that doesn’t negotiate. Boyle: “Training two generations of engineers.” The product isn’t the cars. It’s the people. Look at who’s founding America’s critical hard-tech companies now. The common thread isn’t Stanford or MIT. It’s time on factory floors at SpaceX or Tesla. They learned welding. They learned that “impossible” just means unsolved engineering, not violated physics. They learned failure in the physical domain where mistakes compound instead of reverting. Elon didn’t build companies. He accidentally rebuilt industrial knowledge that had been decaying for thirty years while America’s best minds chased digital scale. Boyle: “Work with their hands again.” Three words that sound quaint but describe a civilizational inflection point. Software dominated because it scaled infinitely at zero marginal cost. Physical manufacturing was slow, expensive, unfashionable. Building real things became what you did if you couldn’t code. Elon made atoms matter again. Made manufacturing the hardest problem worth solving. Made physical engineering prestigious in ways it hadn’t been since humans walked on the moon. The evidence is everywhere now. Technical talent that doesn’t default to “which app” but asks “which physical thing should exist that currently doesn’t.” Ambition redirected from optimizing engagement metrics to building rockets. From scaling users to scaling factories. From virtual products to physical infrastructure. That shift matters more than any vehicle or spacecraft Musk delivered. Products obsolesce. Redirecting an entire generation’s engineering ambition from digital to physical compounds across decades and rebuilds industrial capability at civilizational scale. We stopped just coding the future. We started machining it, welding it, breaking it in reality until physics confirms it works. That transformation from virtual to tangible ambition is reconstructing American manufacturing one engineer at a time. And those engineers are now training the next wave. The compounding has started. The School of Elon doesn’t need Elon anymore. It’s self-sustaining, spreading through an entire generation that learned building real things matters more than building virtual ones. That’s not just a business achievement. That’s a civilization remembering how to make things that matter in the physical world again. And it might be the only thing that saves American technological leadership when the competition is just building faster because they never forgot.

@ajayrotti At lease you will know who is copying as they will have a similar red box ;)

I do not share our technical alerts here since this is not a place for that. Most people here dont even think I know tax 😂😂😂😂My tax views have even been called stupid, stupid, stupid! I am sharing this LinkedIn post for a different reason.... tell me what you think of what I have written in the red box!

🙏🙏🙏

Corporations don’t pay taxes. An executive writes the check, but it is ultimately customers, workers, and stockholders who pay.

Natural gas traders making 4 years of returns in 3 days

@SandeepParekh They will at least have the billion dollars needed in cash!

ISIS ko bhi bula hi lete for purity of quorum.

I used to think Sapiens was a great book. Sweeping, provocative, the kind of book that makes you feel like you finally understand the big picture of human history. It's on every CEO's bookshelf, assigned in universities, praised as a masterwork of synthesis. Yuval Noah Harari is treated as one of the serious thinkers of our time. But something nagged at me. Some passages felt off. Claims that human rights are just figments of our collective imagination, not real things, just stories we tell ourselves. That nations, laws, money, justice, doesn't exist outside our heads. That meaning itself is a delusion we've invented to cope. That we're far more powerful than ever before but not happier. That hunter-gatherers had it better because they had no dishes to wash, no carpets to vacuum, no nappies to change, no bills to pay. That sounded depressing to me, but was perhaps just the realistic scientific worldview? What it meant to see the world clearly, without comforting illusions. Then I read The Beginning of Infinity by @DavidDeutschOxf. Deutsch has a concept he calls 'bad philosophy.' Not philosophy that's merely false, but philosophy that actively prevents the growth of knowledge. Ideas that close doors rather than open them. That makes problems seem unsolvable by design. After soaking in Deutsch's framework (it's dense, a bit like digesting a delicious whale), it becomes clear: Harari's books are riddled with bad philosophy. They're smuggling nihilism in under the guise of scientific objectivity. Some examples: On meaning: "Human life has absolutely no meaning. Humans are the outcome of blind evolutionary processes that operate without goal or purpose... any meaning that people inscribe to their lives is just a delusion." On human rights: "There are no gods in the universe, no nations, no money, no human rights, no laws, and no justice outside the common imagination of human beings." On free will: "Humans are now hackable animals. The idea that humans have this soul or spirit and they have free will, that's over." On progress: "We thought we were saving time; instead we revved up the treadmill of life to ten times its former speed." The Agricultural Revolution? "History's biggest fraud." We didn't domesticate wheat, "it domesticated us." On our cosmic significance: "If planet Earth were to blow up tomorrow morning, the universe would probably keep going about its business as usual. Human subjectivity would not be missed." On the future: "Those who fail in the struggle against irrelevance would constitute a new 'useless class.'" Homo sapiens will likely "disappear in a century or two." This is bad philosophy. It tells us our problems are cosmically insignificant, our solutions are illusions, and that progress is neither desirable nor within our control. It's also perfect nonsense. No one would ever go back to being hunter-gatherers. Would you rather worry about your kid spending too much time on Roblox, or face the 50% chance she won't reach puberty? And our so-called "fictions"? They ended slavery. They gave women equal rights. They solved hunger. They eradicated smallpox. They turned sand into computer chips. They got us to the moon, and hopefully soon, to Mars and beyond. These "fictions" are already reshaping the universe, and over time they may become the most potent force in it. Now compare Deutsch: "Humans, people and knowledge are not only objectively significant: they are by far the most significant phenomena in nature." "Feeling insignificant because the universe is large has exactly the same logic as feeling inadequate for not being a cow." "Problems are soluble, and each particular evil is a problem that can be solved." "We are only just scratching the surface, and shall never be doing anything else. If unlimited progress really is going to happen, not only are we now at almost the very beginning of it, we always shall be." Where Harari sees a species of deluded apes stumbling toward obsolescence, Deutsch sees universal explainers, the only entities we know of capable of creating explanatory knowledge, solving problems, and potentially seeding the universe with intelligence. The difference isn't academic. Ideas shape action. If you believe life is meaningless, progress is a trap, and humans are hackable animals with no free will, how does that affect what you build? What you fight for? What you teach your children? Harari's books sell because they flatter a fashionable pessimism. They let readers feel sophisticated for seeing through the "delusions" everyone else lives by. That smug cynicism is corrosive. And it's everywhere: in schools, in media, in bestselling books. More than half of young adults now say they feel little to no purpose or meaning in life. This is what happens when you teach an entire generation bad philosophy. Less progress, less health, less wealth. Less flourishing. And ultimately, a higher chance that civilization and consciousness go extinct. Fortunately, there's another equally well-written, but much truer, account of homo sapiens, appropriately titled 'The Beginning of Infinity'. And this one smuggles no despair in by the backdoor. But let's give Harari credit where it's due. He is right about one thing: if planet Earth blew up tomorrow, we wouldn't be missed. Because there'd be no one left to miss us, just a careless universe, blindly obeying physical laws. We are the only ones who can miss, but we're not going to. We're going to aim, hit, and keep going. Full credit for the amazing meme to @Ben__Jeff

Invert, Always invert.

@Iamsamirarora Very sorry to hear. My heart felt condolences to his family and folks at @AequitasL

Very very sorry to see the news of Siddhartha Bhaiya - Uffffffffffffff. Oh God.

Chúc mừng năm mới สวัสดีปีใหม่ నూతన సంవత్సర శుభాకాంక్షలు መልካም አዲስ ዓመት Շնորհավոր Նոր Տարի புத்தாண்டு வாழ்த்துக்கள் Ezi afọ ọhụrụ नया साल मुबारक हो שנה טובה 新年快乐 ສະ​ບາຍ​ດີ​ປີ​ໃຫມ່ Ευτυχισμένο το νέο έτος С новым годом સાલ મુબારક Šťastný nový rok #HappyNewYear!