Corey Hoffstein 🏴‍☠️

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Corey Hoffstein 🏴‍☠️

Corey Hoffstein 🏴‍☠️

@choffstein

CEO & CIO, Newfound Research | 🥞 Return Stacked® ETFs | 🌊 Liquidity Cascades | 📆 Rebalance Timing Luck | ⚡️ Risk cannot be destroyed, only transformed.

🎙 www.flirtingwithmodels.com Katılım Ekim 2009
1.2K Takip Edilen82.8K Takipçiler
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Corey Hoffstein 🏴‍☠️
Corey Hoffstein 🏴‍☠️@choffstein·
My company, Newfound Research, turned 15 today. Coming up on this anniversary, I reflected quite a bit on my career.  I’m not sure why, but this milestone feels larger than I would've expected. So I decided to write something. 15 Ideas, Frameworks, and Lessons from 15 Years
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Corey Hoffstein 🏴‍☠️
Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…
Corey Hoffstein 🏴‍☠️@choffstein

Kudos to trade[XYZ] for getting S&P to underwrite this – it speaks to the maturity and reputation of the Hyperliquid ecosystem. But seeing lots of folks saying they've secured exclusive rights. That's not what the tweet says. S&P pretty freely licenses to those who will pay.

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Loris
Loris@0xLoris·
in moments like these we remind ourselves of the healing power of time and the transformation of pain into strength
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Corey Hoffstein 🏴‍☠️@choffstein

Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…

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Jeremy Schwartz
Jeremy Schwartz@JeremyDSchwartz·
Our latest 90/60 ETF idea out today This idea came from a client in our capital efficient overlays w/ gold. Problem: current portfolio was 100% US stocks --likes idea of adding international, but doesn't want to sell US core. Solution: Capital efficient Intl overlay >>>
WisdomTree@WisdomTreeFunds

Introducing the WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). @JeremyDSchwartz explains how this 90/60 capital-efficient ETF helps investors add international exposure—without reducing their core U.S. equity allocation. Read the blog: bit.ly/4bOvYKJ

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Mike Shell
Mike Shell@MikeWShell·
You’re both circling the right issue. If the “stack” ends up increasing equity exposure, then yes—it's mostly just leveraged global equity expressed more efficiently. That’s not diversification. That’s more of the same risk with better capital usage. The real edge isn’t the compression; it’s what you do with the freed capital. If it’s redeployed into return drivers that actually behave differently across regimes, you can improve asymmetry. If not, you’ve just increased exposure and called it innovation. The part that matters most shows up under stress: When correlations tighten and multiple exposures start trending together, the difference between “stacking” and “leveraging” becomes very real.
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Jeremy Schwartz
Jeremy Schwartz@JeremyDSchwartz·
@choffstein @alphaarchitect There’s this book stocks for the long run, makes a good case for more stocks! But 100% Corey people have their own creative uses for using thoughtful overlays for how they construct their portfolios and how to add in alternatives
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Corey Hoffstein 🏴‍☠️
@xorand7 just about everything in my life x.com/choffstein/sta…
Corey Hoffstein 🏴‍☠️@choffstein

Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…

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Andrew
Andrew@xorand7·
@choffstein Makes you wonder how many more things you're sure about that you're actually wrong on
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Corey Hoffstein 🏴‍☠️
Corey Hoffstein 🏴‍☠️@choffstein

Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…

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Corey Hoffstein 🏴‍☠️
Corey Hoffstein 🏴‍☠️@choffstein

Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…

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tmnxeq
tmnxeq@tmnxeq·
@choffstein @bxunit so why didn't they write it in the press release? "first and only" is kinda different --- anyways, it is more marketing even if exclusive, as the Dreamcash USA500-Perp shows
tmnxeq tweet media
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Corey Hoffstein 🏴‍☠️
Corey Hoffstein 🏴‍☠️@choffstein

Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…

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Kaco
Kaco@0xKaco·
@choffstein They do for tokenized assets, like @centrifuge for example. But it's certainly not free nor have they ever licensed a perp product. They're exclusively licensing to @tradexyz for 24/7 perps trading outside the US. They're a co-owner of this product, not just a license
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Corey Hoffstein 🏴‍☠️
@bxunit @tradexyz Just to 100% clear on what you're saying: You now hold a world-wide, exclusive license to be the only perpetual futures contract that can use the "S&P 500" brand?
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Corey Hoffstein 🏴‍☠️
I'm eating crow here, y'all. x.com/choffstein/sta…
Corey Hoffstein 🏴‍☠️@choffstein

Alright, y'all, looks like I'm eating crow on this one. This post from @bxunit very much says it is truly exclusive. "While this is the first product of its kind, it is also the only official S&P 500 perp product, meaning trade[XYZ] holds the exclusive license for an S&P 500 perp. Both sides recognized the importance of this and so we worked persistently to reach an agreement for exclusivity." In this case, absolutely hats off to the team for securing the exclusivity. x.com/bxunit/status/…

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Wes Gray 🇺🇸
Wes Gray 🇺🇸@alphaarchitect·
@HML_Compounder what else is new. The standard economic model for 800lb gorillas: 1. talk trash about any innovation, try and bury innovators with misinformation and PR camaigns. 2. Pivot if the innovation is successful; pretend like you invented the innovation. 3. rinse,repeat
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Wes Gray 🇺🇸
Wes Gray 🇺🇸@alphaarchitect·
@JeremyDSchwartz isn't that just leveraged global equity? i thought the idea of 'return stacking' was to bolt on uncorrelated stuff.
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Barry Ritholtz
Barry Ritholtz@Ritholtz·
To clarify this, neither myself nor Jim @jposhaughnessy were ever able to track down the original study Business Insider reported on our 2014 discussion, which became a minjor urbanm legend. There are extensive discussions of this at reddit trying to identify (unsuccessfully) the origial FIDO research, and they also point to our 2014 pod. Sorry to disappoint --its a great anecdote, if only it were proven...
McQuaid@michaelgmcquaid

Investing… A Fidelity study found their best performing clients were those who had passed away. Their accounts, untouched and forgotten followed a strict buy-and-hold strategy. No panic selling, no market timing. Just steady growth over time. The second-best group? Clients still alive who forgot their accounts existed. Like the deceased, they didn’t meddle, letting their investments compound without interference.

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