it all happens so fast, man. you donโt think it will, not to you, youโre young, you have all the time in the world. but then one day you catch yourself. damn, those old guys were right, it all goes so fast. iโd better tell the kids about this.
Last night, an imaginary friend called me in tears
She just lost her 200k job at a 420+ person company
The culprit? AI stuff.
This is a wakeup call to all the people I donโt like and think are overpaid.
Here is a cringe LinkedIn post as a Twitter thread ๐งต
Sydney Sweeney reveals in an interview that financial returns are not normally distributed.
โMean-variance optimisation, Sharpe ratio AND the Black-Scholes formula are completely useless and canโt be used to make money,โ she muses.
Rules.
- Never speak of a position that is going well. Do not anger the market gods.
- Never gloat about PnL
- Especially, never gloat about PnL when the broad market is down or others are hurting.
- Speak only of trades that went disastrously wrong in an amusing way.
How to make money trading, as a random d!ckhead.
Trading requires us to buy things cheaper than they should be / sell things richer than they should be.
But how could I, some random guy from New Zealand who trades in his underpants, know what things should be worth?