Viewing profile — hendzen

Neat idea but this is clearly vibecoded slop. also, apex clearing is gonna send you an angry letter asking you to change the name pretty soon.

@pg on @sama: "you could parachute him into an island full of cannibals and come back in 5 years and he'd be the king." In retrospect this quote comes across as way more foreboding…

Jane Street made 4.4bn net income in Q1 2024 w/ 2600 employees. Tether made 4.5bn net income in Q1 2024 w/ probably <50 employees.

I would be happy to support a bailout of SVB in exchange for some reasonable concessions to American taxpayers. 1) Skin in the game - GPs of YC / a16z / Sequoia / Founders Fund / e…

This is really cool. Great work

I know a bit about this industry and I have worked on some profitable systems. Honestly not a bad effort for someone working on their own with low-cost data. Don’t let the haters g…

Not quite. The market is pricing in a certain trajectory of rate hikes - basically another four 50bp increases with terminal rates around 2.5-3%. If inflation doesn’t start coming …

Exactly, the relative weights are often proportional to the market cap. So if I invest $1M in the S&P that doesn't actually change the relative weights of the stocks in the index (…

my personal theory is that active management can still produce market-beating returns but the good active managers will rapidly grow their capital base to huge levels where they do…

Have they considered raising VC?

YC is not some magic fantasy organization. Like any other org you should probably discuss things your upset about internally with relevant stakeholders before complaining on Twitte…

Somebody watched Ted Lasso recently

I'm happy that guy did well. But one guy taking a negative expected value bet and winning big doesn't really help all the other little guys on WSB who got roped in to buying GME at…

The only person really winning here is Ken Griffin.

Stan used to only be able to parallelize across chains but they introduced within-chain parallelism this year. Even then some of the work is still serial so I don’t think you can e…

If you want to learn Stan I highly recommend the book Statistical Rethinking (2nd Ed) by Richard McElreath. It’s a pedagogical masterpiece and light years away the best resource I’…

Her generosity notwithstanding, she probably hired a great PR agency.

Cloudera... you mean the same Cloudera that has basically traded below the IPO price for years?

Guessing some kind of device for stealthy Van Eck Phreaking.

In fairness the CME/conference circuit is basically a way for physicians to legally embezzle a free vacation. Many of those conferences are held at places like Jackson Hole, the Ba…

there is an ETF that does this, at 2 years rather than 10. https://www.renaissancecapital.com/IPO-Investing/US-IPO-ETF . Performance ITD has been worse than SPY until very recently…

Is the average person in our society better off in a world where anyone can move $1B anonymously? Why do you think regulators might want to take an interest in such transfers?

Apple takes a 30% cut of all IAP. Google scrapes info and displays it in widgets above links to the actual content. Google charges trademark holders AdWords ransom to protect searc…