ทวีตที่ปักหมุด
Lone Skum
682 posts
@Restructuring__ And of course none of these guys outperformed the S&P500 during this time period….
English
I have massive respect for Viking
One of the few hedge funds that actually runs a disciplined portfolio
Everyone in a bull market forgets what happens when the tide turns, see 2022 below
Serious question, if you are an LP, which of the below do you prefer?
1) Viking: actually provides lower vol
2) Whale Rock: smart levered beta
3) Coatue: somewhere in between
Pari Passu Newsletter@PariPassu_Rx
Wall Street's sharpest hedge funds are reading the same market and reaching opposite conclusions. Viking Global, with more than $50bn, cut net exposure below its historical average, wary of stretched AI valuations, heavy capex, and a fragile backdrop of slowing US growth. It limped to a 0.8% gain over five months, while Renaissance's models fell 6.6% in May and 11% on the year. Coatue is up 19% this year, betting an AI super-cycle is just beginning. Avala Global and Whale Rock have surged 41% and 58%. Avala alone jumped 31% in May, riding bets on Amazon, Nvidia, and Microsoft. Just six stocks make up a third of the Nasdaq 100, which shed 4.8% on June 5 in its worst day in two months. Tech-focused funds now carry their heaviest Nasdaq exposure since 1998, double the historical norm.
English
After 9 years in the gym and helping over 900 people drop 20-80 pounds, here's every fitness tip I could come up with:
1. Stop drinking alcohol.
English
Abrams Capital is one of the most underrated and successful single managers.
David Abrams has compounded at ~15% a year from 1999 to 2014 and manages over $10B today, running what's close to a one-man shop.
Let's dive in!
English
Frustrating day for me in the market, and I know that it’s an opportunity to learn.
English
@RealSkipBayless Can you imagine spending 4 mins of your life watching this…
English
WHY I’M PICKING KNICKS IN SIX: They have the Spurs’ number just as OKC has NY’s.
English
@KevRGordon Courside tickets went for $2500 in 1999. Presumably they will go for $4 million in 2050….
English
Knicks tickets are going for more than $100k and you're still talking about rate cuts?
English
Need tickets for games 1 and 2 in San Antonio Spurs v Knicks
First five rows or so
Email jason@calacanis.com please 🙏🏼
English
A global media panel of 100 voters selected the 2025-26 Kia All-NBA Team.
The complete voting results ⬇️
English
Jane Street's head of technology just explained the full spectrum of how fast their trading decisions are made.
the fastest systems turn around a packet in under 100 nanoseconds. at that speed, if you attached an oscilloscope to the wire going in and the wire going out, you'd see the response start to leave before the incoming packet has finished arriving.
at that speed, you can't use a CPU. you can't use any programming language. you're on an FPGA direct wired to the network. and the decisions you're making are incredibly simple. because you literally can't compute anything complex in that time.
but here's the part most people miss: that's just one end of the spectrum.
Jane Street runs an ensemble of systems operating at every timescale simultaneously. some decisions happen in nanoseconds. some in microseconds. some in milliseconds. some take hours or a full day.
"the right way to build an optimal trading strategy is an ensemble approach. for some decisions you're making very simple decisions very quickly. for others, you're operating at the scale of microseconds, milliseconds. and in some cases, if you can get that decision turned around in an hour, that's totally fine."
the faster you need to respond, the simpler the decision has to be. the slower you can afford to go, the smarter the model can be.
this is why "Jane Street is just a speed game" is wrong. speed is one dimension. intelligence is the other.
English
@NickNemo17 @GavinSBaker Is anyone calling him out on his bullshit regarding space datacenters (aka carrying Elon’s water). A space DC is literally going to cost 100,000x per MW as much as what you can build on the cheap Texas dirt…
English
🚨 Leopold Aschenbrenner's 13F just dropped
Check this out, this is absolutely INSANE.
Every major name. All brand new this quarter:
SMH VanEck Semi ETF – $2.04B
NVDA – $1.57B
ORCL – $1.07B
AVGO – $1.01B
AMD – $969M
MU – $584M
TSM – $535M
ASML – $494M
INTC – $159M
Last quarter he held a $747M bullish call on Intel.
THIS QUARTER IT IS A PUT.
He also cut his CoreWeave call from $774M down to $141M
FULL EXITS:
Lumentum, Coherent, Tower Semiconductor, Cipher Mining, Hut 8
What he kept and added:
The bitcoin miners turning themselves into AI data centers.
Applied Digital, Bitfarms, CleanSpark, IREN, Riot.
Plus a brand new stake in Hive Digital.
The thesis writes itself.
Long the companies pouring the concrete for the data centers. Short the chips going inside them.
The man who wrote the manifesto on AGI just bet against the semiconductors building it.
We’ve been in this game for a very long time, and when we make a new move, we’ll share it here.
Turn on notifications so you don’t miss the signal. This is VERY important.
Many people will regret not following us.
English