Soma Capital

from September 2019

Soma

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Today's meditation: Flywheel

"Today the P/E ratio of the market is in the top few percent of the historical range and the economy is in the worst few percent." zerohedge.com/markets/invest…

You don't make a society anti-fragile to disinformation by trying to cut off its bits. @normonics @paulportesi @nntaleb #Antifragile @SomaCapital

@NonMeek It's also interesting to know the repeats, and those who do it with lower drawdowns... 😉 @SomaCapital

@LT3000Lyall AI != quant... Some quant/algo funds are having an amazing year @SomaCapital

Fat tails teach us humility. They're like a Godel's Incompleteness Theorem for finance. (but different) @SomaCapital @paulportesi @normonics @nntaleb @WayneHimelsein @SuperMugatu #fattails #antifragile #godel #hedgefund

@adrianscottcom @SomaCapital @paulportesi @normonics @nntaleb @SuperMugatu Interesting analogy; we're inevitably going to have to leap outside of our formal set of axioms because we can't rely on first order logic in complex systems. Had he been a speculator, Godel would've undoubtedly thrown out VAR and gotten long convexity!

@ScottStemple3 @nntaleb Great stuff -- My examples of Antifragile/Robust/Fragile + a short video explainer at: adrianscott.com/antifragile #FatTails #Antifragile @SomaCapital #HedgeFund

Spare me your shitcoins. Shill me your Defi-arrhea coins. 😭😭😭 #defi #defiarrhea #cryptocurrency @SomaCapital #Hedgefund #ProfitFromVolatility #SomaCapital @markjeffrey @mikojava @RandyHilarski @CzarLotus #bitcoin @Panama_TJ

A linear relationship can't masquerade as a nonlinear one. A nonlinear relationship can masquerade as a linear one. 1/2 #nonlinear #nonlinearity @SomaCapital #SomaCapital #antifragile #fattails #riskmanagement #risktaking #hedgefund #ProfitFromVolatility @MikoBits

@SirBitt @brucefenton Buy high, sell higher Can work better @SomaCapital #ProfitFromVolatility #NotFinancialAdvice #FatTails #Antifragile

@APompliano Spitznagel and Universa are awesome. Clipping left fat tail risk is extremely important. At the same time, calculating annual returns over a time period barbelled, I mean, bookended by 2 financial crises does merit some footnotes. #Antifragile @SomaCapital #ProfitFromVolatility

Ok, you're a data scientist... but are you a fat-tail and uncertainty-aware data scientist? #ProfitFromVolatility @SomaCapital #SomaCapital #HedgeFund #AntiFragile #fattails #risktaking #uncertainty

"Scale free networks are rare... social networks are at best weakly scale free" @annadbroido @aaronclauset arxiv.org/abs/1801.03400 @SomaCapital #scalefree #powerlaw #socialnetworks

In an irrational world, utter smoothness brings risk of ruin. @AdrianScottcom #hedgefund

When your hope is that a central regulator saves people by managing crypto, you have conclusively proven that you do not understand crypto. Sorry, buddy @Jason #TheFed #bitcoin #cryptocurrencies #blockchain #Ethereum