smol_psionic
2.2K posts

smol_psionic
@smol_psionic
chess is a psionic training program subsidized by your creators

















JUST IN: The Enhanced Games are set to debut this weekend in Las Vegas, with athletes allowed to use steroids, testosterone, HGH, & other banned substances.

The only edge in markets that never gets arbitraged away — from a crypto quant running Sharpe ~4: Leigh Drogen (@LDrogen), CIO of Starkiller Capital. Sharpe ~4. Started his career as a quant at a NY equity hedge fund. Drogen: "If the only thing you ever did was put a 50-day moving average on Bitcoin — long when above, out when below — you would massively outperform everything." "You would stay out of the massive puke-inducing crashes." "If you knew nothing — couldn't tell Ethereum from the Nth lending protocol — and just bought the top 20th percentile by 30-day return and shorted the bottom 20th, you'd make a whole bunch of money." "What is the intrinsic value of Dogecoin? Nothing. You could make the case Bitcoin has no intrinsic value either." "The vast majority of assets in digital asset space have no intrinsic value — which is why cross-sectional momentum works so well." "Momentum is the only persistent alpha in all markets. All other alpha gets arbitraged away. Human behavior never will."


"We have to be totally honest about this. Nobody wants to hear this in OKC: San Antonio's been the better team. Oklahoma City is looking up." Despite winning game 2, @colincowherd thinks the Thunder could be in trouble









