3rd base coach

@Innerdevcrypto @plzvoteharder @KKathikes44598 You're delusional and incredibly disrespectful. You deserve to work in a cobalt mine.

totally untrue what you say here many christian sages, monks, and even priests nowadays are very aware that other spiritual traditions offer similar techniques, paths, roads, to awakening/enlightenment/union with god (whatever you want to call it) the whole idea that one religions has the monopoly on the path is utter nonsense and simply delusion

christian hermit friend: - 50 years of sitting in silence & prayer every morning for 6 hours - takes care of a little abandoned church, which he restored on his own, he lives next to it - sitting next to him is incredible: the man literally channels the holy spirit all the time, pure bliss - kindest person i ever met - cares zero about money, power, fame, greed, attention - washes himself in the little river next to the church - lives a super humble life and makes wood furniture by hand in the afternoon i only send people to him that have serious inner development and consider the reclusive life, so they get an idea of what that really looks like, they stay with him a couple of days and always come away in total awe this man has my deepest respect and whom i admire enormously, we get along so well just sitting in silence or discussing various christian scriptures This is what true power and inner development looks like, this is what pure happiness looks like, this is a man who lives in total surrender to god/absolute/brahman/infinity (whatever you want to call it) and truly embodies it in his real life. This is someone i admire

@chaumian I did undergrad NSF research on signatures! Very cool.

permanent ruling class here i come

@TheSalonDon Not very catholic

The Don is having a baby We have 4 beautiful healthy embryos We might end up having all 4 but which one would you choose first?

@__paleologo I used the Riccati Least Squares regression to find the orderbook liquidity parameter (Poisson lambda) on the fly. It's very powerful

I have heard this critique for ages, including from Esther Duflo. Aside from the fact that people have agency, and so the whole thing is a bit moot, I have three comments. - One chairperson of the math dept at MIT once told me “the students who join RenTech are not usually the ‘best’ students. They are the more restless ones, who may have trouble to find a PhD topic, or focus on one.” This is to say that I really don’t think that there is a realistic chance that a great scientist would go into quant, and that quants would make great scientists. You’d see at least some former quants being called back to research and doing well. In reality, people self-select. - Everyone loves a little welfare calculation. It’s fun. But let’s not take it too seriously. The Socialist Calculation Debate was settled almost a century ago. Nobody knows anything. Liquidity? Price discovery? Spillovers. Stuff is complicated. - If anything, the real substitution is between quants and entrepreneurs/technologists. Many recent cases of “possible HRT quants” starting unicorns have made the news recently. But even there, I think the market equilibrates. The competition is stronger. More people try the startup route, or join Anthropic. It seems quite all right.

Italian-American cafe espresso shop on MacDougal Street, Little Italy, NYC, 1942 🇮🇹 🇺🇸

He must be from Akuna Capital

@saikatc are you not ultra rich my nigga

If you think HRT’s intern class or Drexel Burnham was impressive, check out Goldman Sachs Special Sits and Credit Group In late 1990, it had the highest concentrations of investing firm founders than any other firm, likely ever: almost $600bn in AUM Cliff Asness - AQR Capital Management - $187bn - Co-Founder & Managing Principal Alan Waxman - Sixth Street - $75bn - Co-Founder & CEO Tom Steyer - Farallon Capital - $40bn - Founder Kevin Ulrich - Anchorage Capital Group - $28bn - Co-Founder & CEO David Tepper - Appaloosa Management - $16.8bn - Founder Adam Cohen - Caspian Capital - $4.5bn - Managing Partner & Portfolio Manager Jason Colodne - Colbeck Capital - $4.2bn - Co-Founder & Managing Partner Jim Gillespie - Greywolf Capital - $3.5bn - Co-Founder & Managing Partner Leon Cooperman - Omega Advisors - $3.2bn - Founder & Chairman Jody LaNasa - Serengeti Asset Management - $1.5bn - Founder & Managing Partner Damien Dwin - Lafayette Square - $1.2bn - Founder & CEO Eddie Lampert - ESL Investments - <$1bn - Founder, Chairman & CEO Vivian Lau - One Tusk Investments - $450M - Founder & CIO

Stuff I wish I knew when I was younger: 1. Doing something poorly and consistently is better than doing it in a world class manner occasionally 2. Other people tell you to take risks bc they want to see what happens or have a free option if you win not bc they think it’s a good idea 3. Most people don’t think about you at all. But some people think about you a lot. If someone who is a baller takes an interest in you for no particular reason just run with it. One trick to vastly improve your relationship outcomes is spend time w people who like you (not ppl who ignore you or treat you poorly). 4. Everything in your life you can categorize as 1) addictive 2) enjoyable. And if you do a bunch of non addictive enjoyable things it’s quite likely you’ll be happier. If you stop doing that basket you’ll burn out, predictably 5. It’s a lot easier to deal directly with negative thoughts than it is to deal with the life circumstances generating them and most of the time you can actually deal w the circumstances more effectively if you’re not tilted 6. Most of the economy is a cartel defined by proximity to central banks, the government, and a small elite. The reason “contrarian” ideas work isn’t because they’re good. It’s bc they’re “king made”. It’s decided in advance who is going to win. You need to decide if you’re going to play or not. There is no halfway 7. Being mad about the system being rigged is a waste of time it’s a lot better to just bet on it, or invest with that as an edge bc most people aren’t blackpilled enough. 8. Most studies - especially social science studies have criminally low r sq or poor methodology. Such that most things you read online don’t actually work. At the same time - your own response to things is fairly predictable. So if you find something that works - you can just go back to that - a lot more easily than optimizing something new 9. Life getting worse after 30 is a scam. Actually - it might genuinely get worse for most people. But it doesn’t have to. The people who most loudly tell you what you need to be happy are the least happy people 10. Over time your outcomes are mostly determined by the quality of your network, your investment rate of return and your tax rate. But every once in a while you can do something non linear that can be a home run. It’s best to do non linear things during asset bubbles or when you have a hot hand. It’s not a good idea to do non linear things when there isn’t strong investor appetite for risk taking 11. Your behaviors will tell you stuff you’re not dealing with. If you’re overeating or sleeping poorly it’s probably bc there’s something you haven’t acknowledged or faced or are putting off 12. As you move towards a singularity , accelerating progress or a purported societal shift the predictability decreases - rather than increasing. People are the most certain at maximum acceleration when the very nature of acceleration or complexity suggests they should do the opposite. If AGI is coming start thinking 1 week out not 3 years out

SPX just blew through 7000. Call walls are getting steamrolled. That tells me dealers don't have the gamma to cap this market anymore. As spot grinds higher, fixed strike vol keeps resetting up, which means a lot of the long vol on dealer books has now migrated to downside strikes. Here's why that matters. If we ever do sell off from here, IV probably doesn't catch the huge bid most people expect. Dealers are already sitting long vol down there. Some of the scramble bid you'd normally get is already priced into the surface. Meanwhile the term structure has a clear kink around May 1st. Big Tech earnings stacked with FOMC in one week. The market is pricing that event risk. I don't see IV coming down materially from here either. If we keep rallying, underweight investors get forced to chase. Geopolitical risk premium stays in the surface. Dealers don't have as much gamma supply. For vol to drop materially, two things need to happen: 1. A lasting resolution on the geopolitical front 2. Realised vol to actually compress Right now we have neither. This price action in both spot and vol is screaming instability. I want to be long vol at these levels. Today's expiry isn't going to change that.

did you know that if you held a full CME seat and also held the class A shares that you were issued in the early 2000's when they digitized you would now be up roughly 120x ($250k -> $29.5m)

Chris Niedenthal’s photographs of life in Poland in the 1980s.

@macrocephalopod @alexandrascaggs Cope

Even if it’s true (it might be?!) it wouldn’t be a reason to change your name when you got married. I could easily believe there’s some confounding factor that makes people less likely to change their name and more likely to get divorced. I could easily believe it the other way around too. Literally doesn’t matter either way because the guiding principle should be “people can do whatever they want with their name and it’s not anyone else’s business”

LOL this is entirely based on data *from two years **in Texas** come on guys

The last 10-days have been unlike any 10-day period in the market since 1950. First, the S&P 500 is up 9.8% in 10-days, which is in the 99.7th percentile of all 10 day returns.

Today is April 15th, tax day. My father Irwin Schiff referred to it as the real April Fool's Day, as on this day millions of Americans volunteer to pay a tax that no law actually requires them to pay. For years my father asked the IRS to show him the law, but they never did.

@culturalcritic3 @lymanstoneky Gay

@lymanstoneky I know a family where the dad had no relationship with his dad, so they took her name, which I thought was cool.

I think what this position misses is: 1) Kids are gonna have a surname 2) Having the whole household share a surname really is useful for a whole lot of purposes and parents who don't share surnames with their kids often face administrative challenges 3) Making up a new surname for the whole household breaks ties with *both* sides of the family and also most people see it as kinda cringe 4) So it's either his or hers or hyphens 5) Hyphens are fine, many countries do that, but they do make it literally impossible to write your full surname on many documents for many name combos, so you're back at having a name that creates recurrent administrative problems 6) So the lowest-friction solution really is his or hers 7) There's no fundamental reason it has to be his, but either way somebody is gonna give. You can argue it should be the man, but the only argument for that is matriarchy, which is no more compelling than patriarchy. 8) On the other hand the argument for "this is just the convention, don't sweat it too much" is fairly strong

In 1945, a student asked C.R. Rao in a classroom at the Indian Statistical Institute, “How much information can we truly extract from a tiny bit of data?” Rao went home, worked through the night, & derived a fundamental inequality that sets the theoretical limit on how precisely we can estimate any parameter from data. This is now known as the Cramér-Rao Inequality (or Cramér-Rao Lower Bound). It tells engineers, physicists, & data scientists worldwide, from those building GPS systems to those searching for the Higgs boson (God Particle)...the absolute maximum precision they can ever achieve with unbiased estimators. It remains 1 of the most important speed limits in information theory & statistics.

"San Luis Obispo," by American artist and Disney animator, Eyvind Earle, 1990.