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I'm not a pricing quant by a long way (though AQR at least historically employed more than a few extremely serious quants), so take my hot take with a cold grai
by benreesman 2y ago
I'm not a pricing quant by a long way (though AQR at least historically employed more than a few extremely serious quants), so take my hot take with a cold grain of salt.
To my untrained eye it looks like most of the Magnificent Seven are priced as though they captured the entire pie at the expense of all the others, which more or less can't happen by definition.
The amount of the US equity market based on that pricing outlook would be a terrifying thing to see corrected abruptly.
- benreesman 2y agoI’m not bothered by the downvotes, I don’t consider a comment worth typing unless it pisses median people off enough to get buried. I’m perplexed that a low-key armchair chart trader hot take would run up 5 and back down while brutal Swiftian genocides of everything from Docker to Paul Graham get upvoted. Why is this a thing?