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."
-
-
Right... I guess the thing I'm trying to draw attention to is the number of brain-seconds that have to be expended to (confidently!) get that model-error down to a palatable level. I think that's often the main reason potential market actors don't act. Those costs are sizable.
-
And people who have meaningful information on the fundamental thing they wish to bet about... do not correlate well (or might even be anti-correlated?) with people who have a well-trained expert system that minimizes the brain-seconds cost to chase that model-error down.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.