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> If these returns were true then institutional investors would use them. But they do seem like they should have collapsed years ago. After trying to raise mon
by anonymoushn 5y ago
> If these returns were true then institutional investors would use them. But they do seem like they should have collapsed years ago.
After trying to raise money for arb strategies with higher returns than Celsius all year I'm really tired of hearing this.
- kristjansson 5y agoRate arb is the just about the most reasonable way to make money that I can imagine. Seems like execution is the hard part though, what's your system like?
- anonymoushn 5y agoHello, I've updated my email in my hacker news profile if you'd like to chat about that sort of thing.
- infecto 5y agoWhat are you trying to say?
- anonymoushn 5y agoThere's no actual mechanism that matches capital to risk-adjusted returns. Reasoning as if there is reliably leads to incorrect conclusions. Celsius is probably a scam, but the reasoning above is not why.
- prepend 5y agoThe invisible hands do a pretty good job of matching. Any true market inefficiencies get discovered and fixed really quickly as it’s like a giant big bounty. When something seems too good to be true, it could be that I know something that they rest of the world doesn’t. Or it could also be that it’s bullshit.
- deleted 5y ago[deleted]
- anonymoushn 5y agoAn example of a conclusion that follows from your claim is that all VCs have been equally profitable over the past three decades and that they are just as profitable as any other style of investing restricted to accredited investors over the same period. Any difference in outcomes between Stripe equity and Juicero equity is just noise. Do you seriously think these things?