3 ms·

This seems kind of like an ad for the hedge fund? There's not really any news here, it's like publishing a headline like "Area Man's Stock Portfolio Did Well Th

This seems kind of like an ad for the hedge fund? There's not really any news here, it's like publishing a headline like "Area Man's Stock Portfolio Did Well This Year".

walthamstow 3y ago
I've seen pieces like this in the FT too. I think it's one of those things that is interesting to the people in the industry but irrelevant to everyone else. We know a thing or two about that here!
- short_sells_poo 3y ago
  It's not even interesting for people in the industry, but it garners clicks so even reputable publications produce this drivel. The number of "Random Goober XYZ made 200% this year" articles that turn up on Bloomberg is quite high. By and large it turns out that they had one really good year in a sea of mediocrity, or the P&L is an accounting trick (hello Universa and the disingenuous numbers that got pushed around them). In a sufficiently large collection of clueless people, there'll always be a small number whose bets happened to be very good in a particular year and the media likes to run with it.
deleted 3y ago
[deleted]
reedf1 3y ago
Going to financial publications and "talking your book" is a common thing for hedge funds to do. Keep in mind they can also influence the market like this, and generate inflows to their fund. Generally financial publications allow this barefaced aggrandisement because everyone knows the bias, and just like you learned in high school history class, biased accounts are just as useful sources of information.
kristopolous 3y ago
It's hard to tell whether these are "lottery winner sells strategy to pick lottery numbers" kind of nonsense
- burkaman 3y ago
  Not even lottery winners, they say they make 11% returns on average. That is index fund territory.
- adolph 3y ago
  Though he’d spent tens of thousands of hours watching his old customers hope for the break that might alter their fortunes, he knew better than to believe the lottery was ruled by chance. “People have been conditioned to think it is luck,” he would later reflect. “They don’t look at the structure of games.” https://highline.huffingtonpost.com/articles/en/lotto-winners https://highline.huffingtonpost.com/articles/en/lotto-winner... Now a direct-to-streaming motion picture: https://en.wikipedia.org/wiki/Jerry_%26_Marge_Go_Large https://en.wikipedia.org/wiki/Jerry_%26_Marge_Go_Large
  - kristopolous 3y ago
    is this one of those "random" systems that's actually just a complicated pattern? It's wild how common those are. It's probably best to assume "random" based contests are actually just complex deterministic sequences and getting random right is the exception and not the rule.

This seems kind of like an ad for the hedge fund? There's not really any news here, it's like publishing a headline like "Area Man's Stock Portfolio Did Well This Year".

walthamstow 3y ago

I've seen pieces like this in the FT too. I think it's one of those things that is interesting to the people in the industry but irrelevant to everyone else. We know a thing or two about that here!

short_sells_poo 3y ago
It's not even interesting for people in the industry, but it garners clicks so even reputable publications produce this drivel. The number of "Random Goober XYZ made 200% this year" articles that turn up on Bloomberg is quite high. By and large it turns out that they had one really good year in a sea of mediocrity, or the P&L is an accounting trick (hello Universa and the disingenuous numbers that got pushed around them). In a sufficiently large collection of clueless people, there'll always be a small number whose bets happened to be very good in a particular year and the media likes to run with it.

deleted 3y ago

[deleted]

reedf1 3y ago

Going to financial publications and "talking your book" is a common thing for hedge funds to do. Keep in mind they can also influence the market like this, and generate inflows to their fund. Generally financial publications allow this barefaced aggrandisement because everyone knows the bias, and just like you learned in high school history class, biased accounts are just as useful sources of information.

kristopolous 3y ago

It's hard to tell whether these are "lottery winner sells strategy to pick lottery numbers" kind of nonsense

burkaman 3y ago
Not even lottery winners, they say they make 11% returns on average. That is index fund territory.
adolph 3y ago
Though he’d spent tens of thousands of hours watching his old customers hope for the break that might alter their fortunes, he knew better than to believe the lottery was ruled by chance. “People have been conditioned to think it is luck,” he would later reflect. “They don’t look at the structure of games.” https://highline.huffingtonpost.com/articles/en/lotto-winners https://highline.huffingtonpost.com/articles/en/lotto-winner... Now a direct-to-streaming motion picture: https://en.wikipedia.org/wiki/Jerry_%26_Marge_Go_Large https://en.wikipedia.org/wiki/Jerry_%26_Marge_Go_Large
- kristopolous 3y ago
  is this one of those "random" systems that's actually just a complicated pattern? It's wild how common those are. It's probably best to assume "random" based contests are actually just complex deterministic sequences and getting random right is the exception and not the rule.