There's a feedback loop that pays CEOs well but keeps them on their toes
If the stock market thinks a company is worth $10 billion, why does an acquirer usually have to offer $12bn+ to own it?
What can we learn from the biggest IPO ever?
AI is a useful set of technologies for predicting the future, so why not use it to predict stocks?
You can tell a causal story in both directions
When alpha gets commoditized, you have to get good at plumbing
You're making more choices than buy-and-hold
Are you measuring what people have, how much they make, or what they get?
Paulson and Scion did great, but the most elegant, high-sharpe crisis bet was Magnetar's
Options, Commissions, P&L Splits, Clawbacks, Noncompetes, and More
