I legitimately think one of the most useful things hedge funds do is smell something funny, do research, take a short position, and then publish the research while saying short to zero. Disclaimer: I have a nominal position ($Xk) with exactly the same thesis.https://twitter.com/kerrisdalecap/status/961245516989419520 …
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Replying to @jasoncummings86
I am a retail investor and retail investors pervasively overestimate whether they in fact have an edge on the market. If they don’t, they should just buy cheap beta. I also know that more brain cycles than I’d devote to a weird hobby would be wasted cycles (for me).
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Replying to @patio11 @jasoncummings86
Like even if I have the possibility of creating alpha by thinking hard, the amount generated times the capital I would feel comfortable risking pales in comparison to wealth/value created by repurposing same cycles for (at current moment) my day job, (generally) a business, etc.
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