@inglouriouscap @Restructuring__ Tangible Book Value:
-7,363,000
Oh no!
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Sidharth Malhotra
2.1K posts
Sidharth Malhotra
@sidml
Bokononist & registered member of several granfalloons. Not investing advice.
Bergabung Mart 2007
1.9K Mengikuti652 Pengikut
@Restructuring__ Been thinking about this too.
Blackrock market cap: $150 billion
Blackrock AUM: $14.1 trilllion
That’s an easy 93x trade
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People forget how leveraged public investment firms are
Blackstone has $1.3 trillion in AUM
Assume 10% losses due to private credit default, that is $130 billion of losses
Their market cap today? You guessed it, $130 billion
Be careful out there
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None of that mass produced, processed stuff for us.
In my household we only consume small-batch, artisnal, handcrafted code.
Ujjwal Chadha@ujjwalscript
Unpopular Opinion: We aren't building the future 10x faster with AI. We are just generating legacy code 10x faster. Everyone is currently bragging about developer velocity. "I built this entire backend in a weekend!" "AI wrote 80% of my codebase!" But here is the reality check we are ignoring: Code is a liability, not an asset. If an AI tool spits out 1,000 lines of functional boilerplate in five seconds, that is still 1,000 lines that a human being has to read, review, secure, and maintain when the dependencies inevitably break next year. We are treating code generation like a pure productivity win, but we are optimizing for the wrong metric. The bottleneck in software engineering was never how fast we could type. The bottleneck has always been comprehension, architecture, and maintenance. If we don't shift our focus from "generation speed" to "architectural sanity," the tech debt of the next five years is going to be an absolute, unmaintainable nightmare.
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@M0kujin @Mistafelix_ Funnily, I have also made that exit from Barcelona Airport. It is a very unassuming door.
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@Mistafelix_ I saw a crowd and followed them through a door. Which was actually the exit out of the airport, I went back inside and the security area was empty, so I shouted and some guy made his way over. I explained I had walked out the wrong door and he checked my boarding pass
Cont.
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Tell me a story that sounds fabricated but is 100% true. (Every edition)
Don’t air me. 🫡
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Sidharth Malhotra me-retweet
For all the advancements in behavioral science in recent decades, the biggest use case remains getting consumers to spend more money.
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@eric_is_weird AI generated.
Literally asked for:
"an old-timey, black and white photo. Photo must be related to:
1) Making proteins very cheap or
2) Building biosensors for everything"
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Thumbnail photo hunting. I will give *$5* to whoever comments an old-timey, black and white photo that's good enough to be tomorrow's FreakTakes thumbnail. Photo must be related to:
1) Making proteins very cheap or
2) Building biosensors for everything
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My kid's puzzle: the map Ohio has been dreaming about since 1835.
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@billybuysstocks @yieldsearcher Alpha is beta your risk manager hasnt modelled yet
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Their head of commodities yesterday and now two more gas traders.
Yeah. We all know what happened.
Exec Sum@exec_sum
BREAKING: Balyasny has two senior Europe power & gas traders depart amid a volatile week for energy prices. The reason for their departure isn’t clear
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@TCK_JRubano Why we don't have onion futures anymore
npr.org/sections/money…
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One of the coolest things about commodities is how incredibly niche some of the products are, and how enthusiastic the participants in those markets are. My earlier post today about an olive oil trading job reminded me of when I last fell down a rabbit hole trying to figure out if honey was tradable. Within 30 minutes of posting the question, someone who had physical inventory reached out to introduce themselves. Amazing.
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@KristapsBalodi3 Why did the Roman Emperor keep studying SO(p, q)(ℝ)?
Because he wanted to make sure his Empire had the right signature — and he'd already conquered every other group in the classification.
Even the mightiest empire can't stay connected when its components keep splitting off.
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@4Wahoo98242 @chrisbrunet @UCLA Hypothesis: UCLA students make much higher wages elsewhere than the University is able to pay.
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@chrisbrunet @UCLA Why would anyone go to @UCLA for a CS or IT program when they won’t even hire their own students??
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.@UCLA has filed a notice of intent to hire four H-1B employees:
- 1 Applications Programmer ($142k)
- 1 Technology Transfer Development Officer ($150k)
- 1 System Integration Engineer ($181k)
- 1 Information System Analyst ($139k)
No Americans were qualified for these jobs.
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NYC has all types of cuisine, but I have yet to find Mongolian BBQ or Cincinnati chili
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A reminder that the explosion in prices happening right now is still the optimistic, things-resolved-quickly pricing. December oil futures are only up to $74.
Yet another commodity guy@tleilax___
Dec 26 WTI is now 44% cheaper than April 26 WTI. That's 66% annualized carry, highest ever. That's it, that is the tweet.
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If oil's going to be at >$100 for an extended period, IMO Midland TX and Williston ND should follow the example of Latin America and plow the windfall into a nice opera house:
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