Sublime
An inspiration engine for ideas
Figma just left $2.3 BILLION on the table -- nearly double what they actually raised.
IPO'd at $33. Target open at $95.
That's not "market excitement". It's deliberate underpricing and legalized theft by investment banks who sold it cheap to their institutional buddies. Retail shoves in at... See more
John Wangx.com
Jane Street's modus was simple. It aggressively bought large quantity of F&O stocks in cash & futures while also buying Put options. Then, it sold the stocks & sent market crashing & profited from Puts (& vice-versa). SEBI has impounded the illegal gains of ₹4843 Cr & banned it https://t.co/ShqLlbwpSU
🚨The U.S. just tried to borrow $42B in a 10-year auction.
The auction tailed, demand tanked, and even foreign banks stepped aside.
Here’s why this matters for every investor, borrower, and taxpayer.
(a thread) https://t.co/BR5TNSOPPY
crisis of government in
Martin Gurri • Revolt of the Public and the Crisis of Authority in the New Millennium
faster churning of companies in and out of the S&P 500, the death of news and the newspaper, the failure of established
Martin Gurri • Revolt of the Public and the Crisis of Authority in the New Millennium
New York farmers and grain merchants were the big losers, but the chances of Congress requiring the roads to raise rates from the west were approximately zero.* What farmers did care about, on the other hand, was rate volatility, since the perennial price wars frequently caused a violent seesawing of tariffs. The Eastern Traffic Association, the
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Many people have wrestled to explain how Quant King Jim Simmons managed to outperform the S&P500 for 30 years in a row with a reality defying 40% CAGR.
The answer is he was given access to classified mathematics, cryptography, and physics in exchange for his LPs getting secret kickbacks to fund black projects for the... See more