I don't know whether it's the contrarian in me or the part that is just fascinated by the mechanics of finance, but I feel like I would weight more highly commentary about the Vision Fund if it were followed with "And that's why I shorted it, using publicly traded instruments."
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This is *absolutely not* a recommendation to do this; this is a napkin sketch of how it could be done, if one believed one was much better informed than the market about the probability distribution of future returns to the Vision Fund.
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"What does 'synthetically long' mean?" We're synthetically shorting the Vision Fund here; creating a position which approximates the returns of a position which is easy to describe ("Short the Vision Fund") but not conveniently describable in a market instrument.
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How would one go synthetically long ARM? I don't know; ask an actual professional in this. My guess, to a first approximation, is go long a semiconductor index and accept that there may be some outperformance of ARM versus semiconductors generally.
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End of conversation
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Basically net short on Vision Fund
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