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@FairValueG

i buy and sell stuff

Jurong Island Katılım Eylül 2022
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Rabbi Brian Samuel
Rabbi Brian Samuel@rabbriansamuel·
I'm Jewish. After careful study of the scriptures, I am convinced that Jesus is the Messiah, son of the living God.
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Nick Nemeth (Mispriced Assets)
TLDR: I am a recovering alcoholic with no fund, no credentials, and no lobbyist. I rebuilt myself from nothing. Then I broke into finance with no degree, no pedigree, and no permission. I parsed SEC filings for a $31.5 billion private credit fund called Cliffwater. Not because anyone asked me to. Because nobody else would. The filings are public, but they are buried in footnotes that are not indexed, not searchable, and not structured for analysis. I have been told by fund managers that nobody even attempts this. Billions of dollars in pension capital, and the people who manage money for a living do not bother to read the filings. So I read them. Every loan. Every amendment. Every semi-annual PIK disclosure. 2,330 positions. I hand-researched fifty. I found 189 loans where borrowers are paying interest with more debt instead of cash. I found over 50 loans that are not generating enough cash to service their debt at all — carried at par on the books of a fund that has never reported a losing month in 41 months. The fund's Sharpe ratio is 3.75. Bernie Madoff — who was fabricating returns and could pick any number he wanted — ran a 3.5. He got caught because the numbers were too smooth by Markopolos. The greatest quant fund in history, Renaissance Technologies, runs a five or six. Cliffwater is claiming risk-adjusted returns that would be impossible even if you insider-traded with perfect information every single time, because the volatility of the underlying markets would still prevent it. Nobody asked questions. Bloomberg confirmed 14% redemptions 48 hours after I published. S&P cut the fund's outlook to negative this week. Cash on hand fell 76% in six months. This is not an isolated fund. This is the structure. $9.4 trillion in private equity. $3.5 trillion in private credit. They all pay their own valuation agents. The valuation agents decide what the funds are worth. No valuation agent has ever been fired for saying the number was too high. The marks produce the NAV. The NAV produces the fees. The fees come from pensions. The pensions come from firefighters and teachers and nurses in Oregon and California and Illinois who will never read a private placement memorandum in their lives. Wall Street ran out of rich people. The endowments were full. The sovereign wealth funds were tapped. So they went downstream — to 401(k)s, to retirement accounts, to interval funds sold to people who have no idea what they own. 1. Direct the SEC and FSOC to examine Level 3 fair value practices across interval funds and BDCs. 2. Require that valuation agents be independent of the funds they mark. 3. State publicly that the current self-marking regime creates systemic risk. 4. Mandate position-level mark disclosure for every fund that accepts pension capital. There are two ways this ends. It breaks all at once like 2008 and we fix it. Or it rots slowly like Japan: one fund blows up, six weeks of quiet, another one, and nobody connects it for a decade while a generation of retirees gets destroyed. I am not asking anyone to take my word for it. I am asking them to read the filings. If you know someone in the administration, a regulator, or anyone on a legislative committee, please send this to them. One person learned this from a one-bedroom apartment. Your government can too. The will is what is missing.
Nick Nemeth (Mispriced Assets)@NickNemo17

x.com/i/article/2034…

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G H@FairValueG·
GIF
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LumiTraders
LumiTraders@LumiTraders·
Well guys… we’ve been doing it all wrong 😅
Time to gain followers! 🚀 Educational posts have no engagement I know that this one will have way more 😂 OF is not coming yet but if so, it will be expensive!
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Against Atheism
Against Atheism@AgainstAtheismX·
Christians Why do you follow Christ?
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G H@FairValueG·
@Fintech03 Which of the 12 tribes is he from, real qns
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Parimal
Parimal@Fintech03·
Let me add something here that I am not sure many of us are even aware of: Netanyahu graduated from MIT at a speed that his profs called insane. After returning from the 1973 Yom Kippur War, he was a man in a hurry. He convinced his advisors to let him take a double & sometimes triple course load. He completed his 4 yr Bachelor’s degree in Architecture in just 2.5 yrs (including the war time) & followed it immediately with a Master’s from the MIT Sloan School of Management.
RapperPandit@RapperPandit

🚨Who is He ? •Graduated from MIT in Sciences •Served as Elite Commando in IDF •Sr Consultant: Boston Consulting Group

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Bob the Unvaxxed Tomato ✝️🪔🕊
I was retarded. Then I got saved. Now I'm saved and retarded. Thank you Jesus for saving me despite how retarded I am
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Joe Kent
Joe Kent@joekent16jan19·
@RonaldJMoeller Definitely. I personally think we should have crushed their ballistic & nuke capes, but Trump has a plan, he has definitely earned the confidence of any clear eyed observer.
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Humble Flow
Humble Flow@HumbleFlow·
An American President on the importance of courage and strength in defending civilization: “Christianity is not the creed of Asia and Africa at this moment solely because the seventh-century Christians of Asia and Africa had trained themselves not to fight, whereas the Moslems were trained to fight. Christianity was saved in Europe solely because the peoples of Europe fought. If the peoples of Europe had not possessed a military equality with, and gradually a growing superiority over, the Mohammedans who invaded Europe, Europe would at this moment be Mohammedan and the Christian religion would be exterminated. Wherever the Mohammedans have had complete sway, wherever the Christians have been unable to resist them by the sword, Christianity has ultimately disappeared. From the hammer of Charles Martel to the sword of Sobieski, Christianity owed its safety in Europe to the fact that it was able to show that it could and would fight as well as the Mohammedan aggressor. The civilization of Europe, America, and Australia exists today at all only because of the victories of civilized man over the enemies of civilization.” — Teddy Roosevelt
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Fr. Daniel☦️
Fr. Daniel☦️@Fragbaza·
The demons work through thoughts. St. Anthony the Great—a man who spent decades in the desert face-to-face with demons—spoke of this directly: 'The demons have no power over us by themselves. They merely suggest thoughts to us—nothing more.'  What was he thinking? He refers not to the thought itself, but to the first impulse—a spark. Have you ever noticed this? You are calm, and then suddenly, for no reason, a feeling of frustration toward a loved one arises. Or a heavy, unnecessary gloom descends like a fog; or you suddenly want to say something offensive, and the words are already on the tip of your tongue." Abba Dorotheos of Gaza described Eight Generic Logismoi (tempting thoughts): 1. Gluttony (gastrimargia): Excessive focus on food/drink. 2. Lust (porneia): Sexual immorality or delusional thoughts. 3. Avarice (philargyria): Attachment to money/possessions. 4. Sadness (lype): Grief arising from unsatisfied desires. 5. Anger (orge): Malice or rage. 6. Acedia (akedia): Spiritual listlessness, the "noonday demon". 7. Vainglory (kenodoxia): Seeking human praise. 8. Pride (hyperephania): Self-exaltation and separation from God. Eight doors and at each door someone is waiting for us when we open it. Abba Evagree spoke not of sins, but of thoughts, of the first movement, because sin does not begin when we have done evil, but the moment we held on to a thought, we accepted it, we began to consider it. Abba Dorotheos of Gaza explains it this way: In the beginning, a thought comes. This is not yet a sin. Then we start talking to him, this is already a danger. Then we agree, this is already a defeat. Three steps. Every single time. No exceptions. And the amazing thing is that this is exactly what is described in the Gospel, in the story of Christ's temptations in the desert. The devil did not force Christ with force, but offered, throwing away the thought: Turn stones into bread because you are hungry - this is reasonable. Throw yourself down, angels will catch you, that will prove your faith. Bow down and ye shall receive all the earthly kingdom of the world - this is effective. Every time - a reasonable argument, every time - logic, and every time Christ responded with the word of God. Not with your own reasonings, but with the Word. This is a lesson for each of us. But here arises the question that is more important than it seems: If the devils only throw our thoughts at us, then they do not know what is inside us, then they act blindly? Pay attention here, because the answer to this question explains a lot of things in your life..
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G H@FairValueG·
@IDF Araghchi next?
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Israel Defense Forces
🔴Ali Larijani, Secretary of Iran’s Supreme National Security Council and the regime’s effective leader, has been eliminated. Throughout the years, Larijani was considered one of the most veteran and senior figures within the Iranian regime leadership, and was a close associate of the Supreme Leader Ali Khamenei. During the most recent wave of protests against the Iranian terror regime, Larijani personally oversaw the massacre that was carried out against Iranian protestors.
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Chaim Itself
Chaim Itself@chaimitself·
@FairValueG @MarioLeb79 We just had someone slip an AirTag into his pocket during his little walk. Sometimes the simplest solution works best.
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PaxTrader777🇺🇸
PaxTrader777🇺🇸@paxtrader777·
Lost money is history, it’s lost. The only trade that matters is the next one. If you are focusing on your P&L and not the next trade, I would suggest time away. If you chase losses you can wind up blowing up. Please do NOT blow this off. Throwing good money after bad is a clear and fast passport to poverty. It is always better to take a step back, take radical responsibility for your thoughts, words, deeds and your trading, recalibrate and get back at it with a new and fresh perspective an mindset.
Beardo@BeardoTrader

I know some people who are down bad right now. They’re chasing their losses and only making it worse. STOP. The money is gone. Poof. Fairy dust. Forget about it. The best thing you can do right now is walk away. Take a vacation. Clear your head. We’ve all been there. And if you absolutely must trade, size down so small you’re basically paper trading. Get your flow back. Rebuild your confidence. Take your time. The market isn’t going anywhere.

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LakeShowYo
LakeShowYo@LakeShowYo·
1 word to describe this player?
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