A new report from China's National Audit Office reveals that 23 small and medium-sized banks under-disclosed 171 billion yuan of non-performing assets. This highlights ongoing concerns about hidden NPLs in China's banking system.

@bennpeifert Some bonuses are paid out directly from the pass through. So in bad times, the variable cost is lower. Helps smooth returns and mother ship keeps more.

Cool to see @perplexity_ai packaged together with @Singtel here in Singapore. Actually made me think about switching back for a bit.

@bennpeifert To me the real question is why aren't they not in textbooks? Maybe because too many are written by financial math people without proper finance industry exposure? Also how we got some of the big blowups in the first place?

RT @nathanbaugh27: I read this last night, called my mom, played a game with my dad. Had a great evening. But man this idea hit me hard. ht…

@alz_zyd_ Analogous, asset allocation > stock selection.

@ecommerceshares And it will continue to work. Until it doesn't ):

@levelsio Somehow I like the Anthropic set up.

@mariuszoican @CBCCalgary @HaskayneSchool And importantly, don't expect the brokerage to help you figure out your biases!

@bennpeifert Specifically for short dated opts, hearsay is they're hard to hedge so may cause price distortions in the underlying. Wnat to understand market maker considerations

@alz_zyd_ Like our professors taught us, we now teach MBAs. But pretty sure I'm sparse.

@Dr_Gingerballs Fiduciary duty

@__paleologo We live quite different lives, and yet, resonant. Didn't expect that to trigger

Cool intervention and design. 5 years in the making.

That's new. But likely because R1 already has chain of thought well integrated, and that it's CoT is probably superior to what users input.

Anyone at Google Scholar using LLMs for search? Or are we just waiting for @elicitorg or @arxiv to just whack em?

@tedmitew Wasn't ready for this.

@_KarenHao I think about missing piece in this argument also is that convincing everyone you need lots of chips helps to create the mirage of a moat...since anyone who can't afford 80bn in Capex get disincentivized to try. Inherently anticompetitive. Tot agree on the neg externalities.

RT @predict_addict: **Thailand 🇹🇭 Discovers Conformal Prediction with a Bang, Open-Sources Python Package " The team from Thailand has dev…

@bennpeifert I will vehemently defend everyone's right to light their money on fire.

@jasminewsun Seems amazing for creative stuff. I found chatgpt much less usable compared to Claude, and now deepseek seems to be the go to ideation