Viewing profile — bagacrap

This is their version of retirement. Did you think Jeff Dean was going to stop doing tech and play golf?

I suspect they want a bit more control over what they're working on. These days the bean counters are running Google.

I don't quite read it that way, it seems more like "take this with a grain of salt". But I suppose it depends on who's saying it.

I've seen it using a lot of Instagram lately too. I can't even check that source because I don't have the app installed. When I do try to check the links, they often don't support …

You can't predict when SPY is gonna correct or by how much. When capital leaves the AI trade it will just flow back into boring stocks. DJI is up MOM 4 months running.

I think on average they match a typical 60/40 portfolio on a risk adjusted basis. The goal is less to out perform long term and more to avoid big downturns (hence "hedge"). I do th…

Lesson learned would be to hire professionals to do the investing, while he sticks to whatever he actually knows, if anything. (At this point, mainly sweet talking investors, it se…

I think it's mainly because if SA sold that much on the open market it would crash the stocks even further. Citadel is large enough to buy the entire book at a nice discount while …

Yes, it's a VC fund now that it has basically no public stocks left.

Why are the only positions espoused by tech bros cash-in-mattress or QQQ levered up 400%?

To be honest, if that's even true, they've done us all a service. Leverage is the biggest driver of investing bubbles and bubbles hurt all investors (401ks) and even the economy in…

Yes, he combined one good bet with the ability to charm dumb whales. (Actually this sounds like a lot of startup founders.) And I'm sure he thinks it's still a good bet, but he has…

It's not just liquidity. Price discovery helps everyone. The earlier the correct price is discovered, the less we're all screwed when the bubble pops. I think they're rewarded too …

I don't see how this is a response to my riposte. Of course he's going to try to reassure his investors so they don't take back what's left of their money. It's skillfully written …

What exactly do you think he's gonna tell his clients? "Oops haha I'm a fraud"

I'm pretty sure that's time weighted return that's being quoted, and not dollar weighted. What that means is that after he was up 400%, he accepted a lot more external investment. …

I feel warm on the inside

I don't understand why this thing is called a hedge fund. Usually, a hedge fund makes many non-correlated bets across many markets (commodities, stocks, bonds, public and private m…

https://www.cnbc.com/2026/07/31/why-leopold-aschenbrenner-si... Nebius, SanDisk, sharonai, etc Rout is relative as they are still up big yoy. The problem is that he saw them triple…

I mean that's always the case... we all know that stocks in general are going to be up 30 years from now. But we don't all leverage up 400%.

Well micron is up 165% on the year so he could have just bought a single stock and done a lot better. The point being that you wouldn't consider someone a genius if they did that, …

pe ratio under 10 in 2013 to ~40 in 2024. You can't deny the multiple expansion.

The graphical aids in practical engineering videos are quite well done, especially when he creates scale models in the garage. You are missing out if you only read it, if you can a…

Does it bother anyone else when people use their teeth to scrape food off a metal utensil (rather than lips, or teeth to food)? I wish English had a specific word for that affront.…

Kinda sad for me to know this because one of my favorite things about chopsticks is their precision. I can pick exactly the piece of food I feel like eating in the next moment. Thi…