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"I made Roblox. Give me the launch codes"

Sam Altman is a fascinating new type of person -- someone who is transparently a sociopathic liar and grifter and immensely unlikeable to 99% of humanity, but within Silicon Valley tech bro circles is viewed as incredibly charismatic and visionary

The people who built Silicon Valley and changed the world in incredible ways are gone. Much of the current generation are hype mongers, asset gatherers, get rich quick gurus, ponzi schemers and corrupt oligarchs.

if you're worried about birth rates, try asking young couples how they feel about the amount of maternity and paternity leave they get, how affordable they find child care and housing and family health care

I was told by so many rw bros who heard of the IMF for the first time today that Argentina was an economic miracle under Milei

Fully automated, agentic money-losing

"Mom, how did we get so rich?" "Your father democratized access to private equity for retail investors to find exit liquidity for trillions of dollars worth of unsellable assets, sweetheart. Eat your Cheerios"

in all seriousness, this should be 100% illegal, that's not big government telling people what they should or shouldn't do with their money, that's saying you shouldn't be incentivized to burn down Santa Monica to dig yourself out of your gambling debt

President of the United States launching Solana scamcoins out of a Delaware LLC and pumping them on Twitter, and you think he is going to "set our country on a more sustainable fiscal and economic path" you are clowning yourselves so badly

This is the most VC thing to say of all possible VC things that could be said

every single one of these guys believes in absolutely nothing but their own greed

Let's start with people who scammed tens of billions of dollars out of investors in the SPAC craze

1) game theory is a real thing. for example, it revolutionized the auction mechanisms used to sell ads on search engines, creating massive revenue 2) almost everyone who tries to explain something substantive on the internet with reference to game theory is a charlatan

If you think Citadel, Milennium, DE Shaw and company putting up double digit returns every year regardless of what the S&P does with almost no beta and on 3-5% volatility and minimal drawdowns is a random walk, I have a stochastic calculus book to sell you

For example, the government might launch a strategic crypto reserve to buy the five coins you hold in your LP interests

Sam Altman is a fascinating new type of person -- someone who is transparently a sociopathic liar and grifter and immensely unlikeable to 99% of humanity, but within Silicon Valley tech bro circles is viewed as incredibly charismatic and visionary

if you're worried about birth rates, try asking young couples how they feel about the amount of maternity and paternity leave they get, how affordable they find child care and housing and family health care

The people who built Silicon Valley and changed the world in incredible ways are gone. Much of the current generation are hype mongers, asset gatherers, get rich quick gurus, ponzi schemers and corrupt oligarchs.

Fully automated, agentic money-losing

Getting a kitten. What do I need that isn't obvious (litterbox, scratching posts, beds, etc)

Funny (?) health care story. Stomach had been hurting for a few weeks. Got on a plane from LA to SF and all the sudden got way worse, like 9/10. Went straight to the ER after landing, threw up all over the place. Got blood tests and CT scan, morphine got pain to 7/10.

brother in law is doing a diet where he drinks water and coffee only and eats nothing for 21 days. i assumed this is exaggeration but its not. don't you just die?

This is the most VC thing to say of all possible VC things that could be said

intern-level statistics question: how much information content is there in Charlie's statements

"Mom, how did we get so rich?" "Your father democratized access to private equity for retail investors to find exit liquidity for trillions of dollars worth of unsellable assets, sweetheart. Eat your Cheerios"

Hi, derivatives guy here. Convertible bonds are debt securitities that have to be paid off in cash if the stock price is below the conversion price, your investors will want good old fashioned fiat currency if its worth more than your stock. Hope this helps!

junior derivatives trader interview question: explain in precise statistical terms why this is wrong, and then give a real life trading example that would cause that

Name something more beta than being an all in podcast listener, i'll wait

I was told by so many rw bros who heard of the IMF for the first time today that Argentina was an economic miracle under Milei

to be clear, if you use enough leverage to make 48% in a year of selling, you will zero your account with near certainty on a sharp drawdown in the market

I don't get the hate for university endowments on here. Rich people give money to universities, they invest the money, most of the proceeds go to fund financial aid for smart low income kids so that society can better source the best talent regardless of family history