oxbquant

@NOTAWEIRDGIRL the biggest risk is taking no risk

i am extremely sheltered due to my own fear and inexperience with life. i doubt i will ever normally coexist with people my age who have relationships and other social successes. Store bought dumplings and bok choy

@rumilyrics open.spotify.com/track/5ihS6UUl…

Life goes on with or without whoever & whatever

@thiccyth0t @SoskaKyle "you are wrong if you are losing money for any reason at all. value is irrelevant in times of stress; it's all about positions. markets will trade against positions."

@SoskaKyle overpositioned and low liquidity all around

Who has a thesis on why gold/silver are down, and what changed from the reasons that propelled them higher in the last year?

level 1 thinking: commoditized ends (money, etc) will make me happy level 2 thinking: bounded commoditized ends (when I have this much, when I get into this firm, ...) will make me happy level 3 thinking: i understand that no real endpoint will tangibly change my sense of self, the true happiness is in looking inwards and refusing to play these commoditized games level 4 thinking: happiness is a mixture of peace and contentedness - i see that through the pursuit of commoditized and competitive landscapes, i will be able to experience myself in ways impossible through pure joymaxxing and uncatalyzed introspection, the end is the way

my dad once told me: “money is just numbers and numbers are infinite, if it takes money to be happy, your search for happiness will never end.” still hits deep for me

Anyone who started their career on a trading floor immediately understands the aura that loosely holding a baseball bat brings

@systematicls The belly gets compressed Convexity gets richer and richer

This. Young people go into the hedge fund industry thinking they'll leave rich. Every year, salaries gets compressed, non-competes get longer, you won't make partner at top firms. Alpha decay exists for industries too. You are too late for this game to be anything but a cog.

@blockgraze after sometime on the floor, there’s this click and you begin to experience being “plugged into the market”. you can feel flow and just intuitively grasp the mechanical linkages unfolding in front of you. it is electric

I used to wonder how traders at banks could sit at a long desk 12 hours a day and stay focused but now it sounds incredibly fun just monitoring the situation all day long with the boys and trying to scam your hedge fund clients

@TheUsamaSwati “every storm was worth it just to reach this stillness” <3

May the maps of our lives eventually lead us here: to a quiet garden, a pair of iron chairs, and the realization that every storm was worth it just to reach this stillness.

@apralky “True convexity is when one changes distributions, not sample size” x.com/oxbquant/statu…

“You can just do things” is obviously neither a universally positive nor negative expected value heuristic. It depends entirely on whether everyone else is also just doing things. When everyone’s doing things, you can’t just do things. When nobody else is, you probably can. The heuristic used to work, but by about 2025 it got priced in. It doesn’t work anymore. Steve Schwarzman can’t respond to 9,000 cold emails. A classic congestion externality.

@iiamkrshn convex

@jaynitx "when you find yourself with two things seemingly at odds, go slowly so you can figure out how to get as much of both"

Naval Ravikant: "You're going to die. It's all going to zero. What's there to stress about?" "Stress is when your mind has two conflicting desires at once. You want to be liked, but you want to do something selfish. You don't want to go to work, but you want to make money. You have two conflicting desires, and that's stress." Naval explains the difference between stress and anxiety: "Anxiety is this pervasive, unidentifiable stress where you're stressed out all the time and you're not even sure why. The reason is you have so many unresolved problems that have piled up in your life, you can no longer identify what the problems are. There's this mountain of garbage in your mind. A little bit is poking out the top like an iceberg; that's anxiety. But underneath, there's a lot of unresolved things." He shares his personal anxiety resolver: "One big anxiety resolver for me is just ruminating on death. You're going to die. It's all going to zero. You cannot take anything with you. If you can keep that idea in front of you at all times, what's there to stress about?" Naval reframes what "wasted time" really means: "What is wasted time? Everything is wasted time in a sense because nothing matters in the ultimate. But in each moment, it's the only thing that matters. So if you're doing something you want to do and you're fully there for it it's not wasted time. If your mind is running away, wishing you were somewhere else, anticipating the future, regretting the past, that's wasted time. That's time you're not present for." He concludes: "People get worried about dying and no longer being here. But they don't realize that so much of their life is spent not being here in any case."

@CozyKitten02 to love is to stop hedging

““i love you deeply, but i love myself deeply too.” the final act of love is letting go her first love geummyeong was very strong for doing that choosing herself over getting tormented forever

@angela_s_n timeless principle is that CT/SF operates on a 3-6 month cultural lag

how is london maxing suddenly all over my feed? they’re not wrong but like, half of CT were fudding london just 3 months ago

@apralky +5bps

The “tech-right” project is obviously failing now, though those with a stake don’t yet want to talk about it. Broadly speaking, the mid-2020s optimism of this constituency was always predicated on one load-bearing promise: that we had entered an unprecedented point in history at which democracy was no longer enforceable. Never before had a group of operators come to power brandishing signs which outwardly admitted to their Evil intent, loudly salivating at the thought of undermining the liberty and wellbeing of their underlings for some other purpose -- personal gain or something else. But This Time was going to be different: there was clearly an increasing sense in which the key actors, with capital on their side, had started to feel invincible. Of course you could name your company Palantir, of course you could wave a sword around on a podcast, of course you could take your time answering whether the human race had the right to stick around -- democracy no longer worked! The cattle might have taken to the streets with pitchforks a century back, but we were in a different world now, and the subliminal conviction that the viability of mass surveillance, algorithmic manipulation, etc., was exponentiating -- neutering an already atrophied democratic base -- was infinitely emboldening. Well, turns out all of that was wrong; turns out you can’t Just Be Evil -- at least not just yet -- and Karp now has to jolt awake and start lecturing about how much he feels for the working class and the drug addicts... Turns out democracy is alive and well, turns out the Democrats might just sweep Congress, and you’ll be living in an old-fashioned virtue-signalling, Powell-Amodei-Carney, Obama 3.0 Neoliberal Revival World Order for the decade to come. I’m guessing we shouldn’t expect many more dithyrambs on Joe Rogan or the black T-shirts with Latin slogans

@thiccyth0t @goodalexander +1, but the general meta is that the thirst for convexity in any and all forms is flying upwards

@goodalexander idk if cofounding a company count as hyper gambling

one nuance about the hypergambling trend is that even though the share of the population that wants to hypergamble is rising, the share of capital they have is falling even faster, so most of the opportunity is in capitalizing on one off redistribution events

@basilh_2 i wonder what the semi-systematic rates traders have to say on this…

choose your fighter

@systematicls Leverage drives internalization and leverage is only beginning