thr0waway2

11 ms·

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by thr0waway2 5y ago
The Bogdanoff twins recently died within a week of each other
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by thr0waway2 5y ago
Like a company can literally spin off a division and make it public in a similar way. Or you can securitize cash flows into an ABS. The investment bank's fees will be a lot lower than the gas fees.
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by thr0waway2 6y ago
That's kind of how markets work though - when things are going most in your favour it's hardest to capitalise on it as price going your way means few people want to take the other side. And there's more things going into a pr
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by thr0waway2 6y ago
But by that logic anything that a company ever does can be pinned on Steve Cohen. If he was so powerful his returns wouldn't be that shit. Last year was good for P72 but other than that they're extremely mediocre ever since they s
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by thr0waway2 6y ago
Trading (or posting) to cause impact and affect other positions you have is manipulation too. But it's not really provable in the case of WSB so they're safe. P.S. not legal advice
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by thr0waway2 6y ago
There is, large market moves down over last few days are mostly due to hedge funds selling off longs to cover their shorts. If you look at GSVIP ETF (GS ETF for most loved names by hedge funds) it was down 4% yesterday. The short squeeze is
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by thr0waway2 6y ago
Mate, every medium-sized company and above has an investment by PE and VC. You can literally pull any company with above $10 mm EBITDA and there will be no more than two degrees of separation between them and Steve Cohen/any other big
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by thr0waway2 6y ago
That's just building a large position. I don't think they expected to run the company into the ground by merely shorting it, that's not how market impact works. These firms generally try to minimise market impact as opposed t
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by thr0waway2 6y ago
Not when moving the price is the goal. If you trade specifically to create an unfair impression of the supply and demand of a stock that's market manipulation. Thing is no one is going to prosecute a randomer on the internet for throwi
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by thr0waway2 6y ago
Financiers in London are paid similar to financiers in NYC, it's not about solidarity, it's about supply and demand. And forces of supply and demand are not working in developers' favour in European countries. I myself switch
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by thr0waway2 6y ago
Assets != jobs
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by thr0waway2 6y ago
Agree direct comparison is tough and multifactored and would be highly individual (how do you put a price on being a 2 hr train ride away from Paris whilst having much better job opportunities than Parisians). However, given that compensati
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by thr0waway2 6y ago
London wasn't that great when it comes to tech jobs compared to US/Canada. Starting salary for grads at FANGs is around a third of what it is at large US cities when living costs are no more than 30-40% lower for example. Compared
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by thr0waway2 6y ago
To elaborate a bit more: vast majority of jobs where you can seek such excellence that you're able to say at some point "I am top 100 in my field, I enjoy it and am getting paid for it" are taught in an apprenticeship manner.
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by thr0waway2 6y ago
>Ambitious students seek out prestige thinking it is the missing ingredient to achieving their own excellence. In reality, they have it backward—prestige follows excellence. I'm not sure I agree. I've been seeking out jobs at l
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Is Paul Graham's Submarine a Submarine?(paulgraham.com)
4 points by thr0waway2 6y ago|1 comments
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by thr0waway2 6y ago
I mean the article is a pretty good ad for the PR firm he used and the last sentence could be read as really wink-wink-nudge-nudge: When I think how hard PR firms work to score press hits in the traditional media, I can't imagine they&
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by thr0waway2 6y ago
You can chat to other people on internal IM apps or on Symphony/Bloomberg to external people. They're all monitored and recorded along with Zoom calls. My drop in productivity as a trader was mostly due to the fact that despite we