The small cap leg of the rotation in mid-July 2024 can be seen in IWM. I cherry-picked points before the…
This is part 2 of "building an options chain in your head" In part 1, we reasoned through the following problem…
Equity markets have been crazy. In my caveman view, we just left a world where volatility markets were searching for…
In Ricki’s episode she talks about various order types in the market. One of them is the “fill or kill”.…
On my way to Portugal, I was stuck on a plane with no internet and was thinking about hedging downside…
Finance and internet genius Patrick McKenzie started a podcast called Complex Systems during his sabbatical. His very first interview is…
Here’s a long excerpt from Byrne Hobart’s appearance on Patrick McKenzie’s Complex Systems Podcast that explains modern alpha-seeking so well: Hedge funds…
First I want to bring an enlightening podcast episode to your attention. 🎙️How a Professional Sports Bettor Really Makes Money (Bloomberg…
The last time I remember saying more than a sentence about macro was about 2 years ago. Before that the only…
Dave is a quant at Paradigm. He asked: https://x.com/_Dave__White_/status/1811557747659538823 The thread is full of recs. I mentioned David Sklansky whose books…