Zupo Llask

@Merridew__ They like to prove over and over again their supporters are stupid... Unbelievable show to watch!

@investingidiocy @follynomics 🤭

@follynomics Better to destroy any evidence you once used R

Dumbest shit I ever did was the day after my last exam I deleted STATA, R, and all my many folders and documents from school bc my pc storage was full. I didn’t realize quant jobs want access to your GitHub/code repository as part of hiring

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@the_chart_life He always was kind and polite with me. So, I guess he wasn't a dick 24/7 to everyone.

Not big on dunking on other PMs. Losses suck and it is indeed a very hard game, especially as the AUM grows. BUT. But… There is one key aspect here. And that is: you can’t be a dick 24/7 to everyone you come in contact with. No one likes a person with zero humility.

@eradke @VolatilityVIX You know that? I won't. Besides, this doesn't seem a blow up. It seems they are ceasing operations in a controlled way. Maybe I'm wrong and others know better. :-)

@zupollask @VolatilityVIX Wasn't the trade that he blew up on a political bet? Antropic.

Final thoughts on QVR There's definitely a healthy amount of dunking on Benn Eifert for losing his fund, and no doubt a lot of it from people who don't manage capital and wouldn't be able to build a fund that size. Twitter naturally brings out haters Having said that, I do think there may be a lesson in all this hate we are seeing come out, seemingly quite suddenly... Personally I feel for the guy, and full disclosure, I've had a 29% drawdown myself (granted, it was in 2022 which was one of the most difficult environments ever) but it happens... If you trade long enough, even the best strategies will encounter a market environment that humbles it But the main reason people out there are dunking on him isn't the performance this year or the fund itself It's that he was well known for aggressively attacking people / blocking who disagreed with him. I always had good encounters with him, but I get a lot of people ask me about him and a lot of those questions are, why does he have to be so rude? There's a lesson in there! Education is great, and NO DOUBT Benn Eifert was one of the better sources on Twitter for that. He helped a lot of people and put out content that got people excited to learn about Vol trading. In that respect, you simply can't deny his importance to the industry. For years his name has basically been synonymous with "Volatility expert" But.... at the same time, you don't have to be a dick when educating people I've done over 1000 articles, 500 videos, 100's of hours of open livestreams with no moderators, no blocking, no arguments. Just me, open invite to anybody, I answer everything respectfully It is possible to be a top educator and also understand that everybody starts at a different point Some people know quite a bit, some people don't know anything, everybody is at a different stage of their journey A good educator knows there are no dumb questions, and EVERYBODY is entitled to their opinion. If some of those opinions happen to go contrary to one of your own, so be it, that's life The best educators are the ones that can explain complicated subjects to an uninformed audience, and get them excited to keep learning Benn was / is a great trader and he will no doubt land on his feet with a new fund, my guess is quite soon And mark my words, it will be popular when he does, and investors will buy into it Stories of his downfall are greatly exaggerated, he will be stronger for this going forward But let's just hope he can have a little more humility in his genius the next time around. He's as smart as they come, but a little kindness and patience goes a long way in this world

@MichaelENewton1 @GestaltU @choffstein Fair enough.

@zupollask @GestaltU @choffstein Check the timestamps.

Hard agree. Pro investing is a hard game. Lots of luck involved, even for the most skilled. I had disagreements with Benn over time. But he gave a lot to the community. Have some respect.

@ALBACapMgmt ahahaha! 🤣

they have it so easy g.co/gemini/share/b…

@VraserX Oh, forgot about rudimentary tool calling!

@VraserX It won't, if they don't fix the hallucination and alignment issues that currently are mostly an exclusive feature of Google. But I'm hoping they fixed these. 🤞

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@VolatilityVIX ... and that says a lot about the seriousness of such criticism. I repeat: this isn't for you, just thinking out loud. BTW, I read lots of stuff from Benn the kind guy. There are other dicks out there, e.g. Lord Fed. I really "don't get" why people behave like that.

@VolatilityVIX What's the point of people bashing him - acting as dicks - because supposedly he was a dick? This isn't for you, just thinking out loud. Worse: many people acting like this cite political views, when the subject here is about Benn the professional and the educator...

@JoachimMo1985 @momentmal2022 Wishing Benn all the best... :-)

@momentmal2022 💯 That is why I keep my shorts on and hurting myself during strong rallies like this one.

The market has many ways to humble its traders. We know nothing about it. Anything can happen anytime.

@ALBACapMgmt @eradke @choffstein I agree and I know you do.

@zupollask @eradke @choffstein I do, thats why this post is dumb af

I don't understand the grave dancing on QVR's downfall. It's tough to build any business and sad to watch a few bad months sink 5+ years of hard work. I hope everyone there lands on their feet. I really don't get the pile-on against @bennpeifert personally. He's contributed tons of education to the discourse on options/volatility on this hellsite. You can dislike his politics/personal choices without cheering his downfall.

@kkmaway @GestaltU He got a bit sensitive in the past half year, I noticed that, but he also shared a lot.

@GestaltU For the record, Ben blocked me...because I suggested that he shouldn't block any one who disagreed with him for good reason. Alas!

@MichaelENewton1 @GestaltU Why are you repeating this if @choffstein shared the numbers to the same questions before? Just asking for a friend...

@GestaltU Is there a publicly available track record for his fund(s)? Was he post good results before this collapse?

@liquiditygoblin @choffstein @bennpeifert I'm no pro but though the same. This really seem a very professional and controlled decision.

@choffstein @bennpeifert I think he could make it back, but I’d wager not being able to take perf fees until hitting the high watermark again would make it hard to retain any talent on 0 bonus until that point is a sensible decision and I hope we see him trading vol again sometime in the future

@ALBACapMgmt @eradke @choffstein People have no clue who are the customers of hedge funds...

@eradke @choffstein people who invest in vol funds wont be able to feed their families ? fkg lol

@elhroz 💯

It feels like chatGPT has switched from defaulting to "That's exactly right!" even when you were wrong to "That's very close, but let's tighten up one thing" even when you were exactly right.

@Merridew__ 💯

@Merridew__ This is business!