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bookdepth Profile
bookdepth

@bookdepth

Followers
7,601
Following
4,415
Media
977
Statuses
13,545

adversely selected against in the marketplace of ideas

NYC
Joined April 2009
Don't wanna be here? Send us removal request.
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@bookdepth
bookdepth
1 year
Few know this but every year in NYC a few hedge funds usually go bust and you can pick up premium office furniture for pennies on the dollar from these kinds of liquidation sales
@giladrom
gilad
1 year
it’s happening
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@bookdepth
bookdepth
2 years
I take it all back, machine learning is good now
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@bookdepth
bookdepth
2 years
It's so over
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@bookdepth
bookdepth
1 year
@rstancikas Usually they're advertised on craigslist and the like, this sort of thing gets outsourced to liquidation firms
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@bookdepth
bookdepth
2 years
????????? Fix the fucking subway dude
@Blockworks_
Blockworks
2 years
NYC Mayor: Crypto is coming if we like it or not, all of these industries have ups and down
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@bookdepth
bookdepth
1 year
I know it smell crazy in there
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@bookdepth
bookdepth
2 months
I'M THE HEAD OF GLOBAL MACRO
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@bookdepth
bookdepth
1 year
@scrap_icon They're a/b testing some different ad copy, probably you got one of the losing experiments
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@bookdepth
bookdepth
3 months
@MattZeitlin the way i pulled up the shopping proxy websites for ikiji and blurhms so fast
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@bookdepth
bookdepth
4 months
For reference, Facebook's revenue per head is around $2M
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@bookdepth
bookdepth
3 months
My big takeaway from this is that the market clearing price for top restaurants in NY is much, much higher than what they charge
@tomgara
Tom Gara
3 months
Unbelievably grim article about NYC restaurant reservation scalpers - people are paying a thousand bucks to buy a Carbone reservation on the secondary market.
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@bookdepth
bookdepth
6 months
Partners at top VCs posting unhinged conspiracy theories on main now, what are they cooking on sand hill road these days
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@bookdepth
bookdepth
1 month
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@zeta_globin
zeta
1 month
increasingly as I get older, I don't understand how more middle class to wealthy people aren't embarrassed about their non-technical unnecessary jobs like a barista does more for the world than a lot of people at mckinsey & deloitte and we should tell them
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@bookdepth
bookdepth
3 years
Last day at the firm, just got handed my noncompete and left the building for the last time. NYC summer air has never felt better 🌇 This account has gone fishin' 😎🎣
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@bookdepth
bookdepth
3 years
Happy Friday to everyone who participated $GME
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@bookdepth
bookdepth
2 years
Imagine your drip being so hard it has geopolitical implications
@CNNFrancePR
CNN France PR
2 years
Hear why experts say Kim Jong Un's bold new wardrobe is indicative of his military strategy
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@bookdepth
bookdepth
10 months
He has too much street wisdom, his swag is too strong, his heart is too big, he smoke more different than anyone, his bitch is too bad. We have to take him out.
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@bookdepth
bookdepth
2 years
Looks like @isosteph 's prediction came true, my man posted a ton and didn't ship anything ¯\_(ツ)_/¯
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@bookdepth
bookdepth
8 months
If you are on the Morgan Stanley syndicated lending desk how much do you hate your life right now
@jd_durkin
j.d. durkin
8 months
whoa — “go fuck yourself,” Elon Musk says to Bob Iger and others who pull advertising from X at this point it’s almost as if he’s watching the old Iron Man movies and doing a reverse Tony Stark impression
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@bookdepth
bookdepth
3 years
im starting to think the CEO is an incompetent? the obvious solution here is to email the heads of TMT IB for every bank they work with and say "first to unfuck this for us gets the most lucrative tech IPO of the quarter" and watch the situation resolve itself in <2 wks
@verge
The Verge
3 years
OnlyFans CEO on why it banned adult content: "the short answer is banks"
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@bookdepth
bookdepth
3 years
@Bernstein Alternatively, it's a reflection of how society has increasingly turned the trappings of adulthood (homeownership, nuclear family, stable income) into unobtanium--late 20 to early 30somethings grasping at straws to find anything that makes this brutal gilded age feel worthwhile
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@bookdepth
bookdepth
3 years
Rates guy: *explains the treasury rates curve and the significance of the fedfunds/SOFR spread* Me: oh so you're pretty deep into the lore huh
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@bookdepth
bookdepth
3 years
I liked too many @allahliker posts and now I am getting this shit in my promoted tweets smh
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@bookdepth
bookdepth
6 months
@shaunmmaguire I find it unlikely a seed stage investor whose firm got skullfucked by FTX has done better "extreme research" than the federal judiciary, although I'm certainly eager to hear about specific evidence you found
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@bookdepth
bookdepth
1 month
@varunramg I occasionally muse about how much rent would come down if nobody's parents paid for anything in NYC lol
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@bookdepth
bookdepth
4 months
Dune releases today, so it's time for me to tap my sign again. Remember: IMAX is a brand, not a standard. Each one has a different screen size, different projectors with different light sources, different aspect ratios... Know what you are buying! #LieMAX
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@bookdepth
bookdepth
3 years
Sometimes a picture is worth a thousand words. IMAX started as groundbreaking theater technology, mainly deployed in a nonprofit popular-science/museum setting. Starting in mid-2008, it became a brand licensing scheme designed to upsell moviegoers at the box office. Buy wisely!
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@bookdepth
bookdepth
18 days
I'm sure that the commodities trading firms will be super normal about this
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@bookdepth
bookdepth
2 months
@J_Hol95 More than one country can have a broken justice system and eroding healthcare infrastructure. One thing that's for sure is that her conviction has based on an awful lot of circumstantial evidence
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@bookdepth
bookdepth
3 years
Lmao sick we have Bitcoin OPEC now
@DeItaone
*Walter Bloomberg
3 years
MICROSTRATEGY CEO SAYS HOSTED A MEETING BETWEEN ELON MUSK & LEADING BITCOIN MINERS IN NORTH AMERICA ON SUNDAY - TWEET MICROSTRATEGY CEO SAYS BITCOIN MINERS AGREED TO FORM BITCOIN MINING COUNCIL - TWEET $MSTR
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@bookdepth
bookdepth
3 years
Barack Obaml was our only functional president
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@bookdepth
bookdepth
1 month
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@bobsredmilf
darth penis
1 month
what are posts that aren’t load-bearing anywhere but your personal lexicon. like the ones that weren’t really popular but are so enshrined in your mind that you just assume they got hundreds of thousands of likes
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@bookdepth
bookdepth
3 years
since GME/AMC-palooza is back on the TL (for some reason, can’t imagine why!) i thought it might be useful to review the fundamentals of the business relationship between MMs and retail brokerages
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@bookdepth
bookdepth
2 years
Crypto people complain that tradfi types don't bother to learn the deep nuances of their asset class before passing judgment, but then turn around and fire off searing hot takes on rates and commodities with a totally straight face lmfao
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@bookdepth
bookdepth
11 months
@MattZeitlin Nobody wants to work, they're too busy at their job
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@bookdepth
bookdepth
2 years
@pmarca Marc I don't mean to be rude but you invented a web browser and invest other people's money
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@bookdepth
bookdepth
8 months
RIP to my favorite architect of all time
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@bookdepth
bookdepth
2 months
Imagine the heroic email the devops guy got to send after this
@0xdabbad00
Scott Piper
2 months
Google Cloud accidentally deleted a company's entire cloud environment (Unisuper, an investment company, which manages $80B). The company had backups in another region, but GCP deleted those too. Luckily, they had yet more backups on another provider.
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@bookdepth
bookdepth
3 years
RE: Zillow, if your market making business has holding times measured in months, you better be sure you're hedging out housing market delta! if your backtests assume high turnover and you can't move inventory, then guess what? The alpha you thought you had just left the building
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@bookdepth
bookdepth
2 years
Fun thought experiment my buddies and I came up with at work today: if ivy league schools auctioned off 10 seats in the incoming class what would be the market clearing price for one seat?
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@bookdepth
bookdepth
4 months
Average commodities trading firm jira
@ipodmacbook
h
4 months
i always wonder how this works at the company, like did a project manager get a jira ticket that said "please kill john barnett by 3/11 latest, do not spend over $45k, pls track expenses" or is there like another workflow for this kinda stuff or what
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@bookdepth
bookdepth
3 years
This post is so stupid that its almost beside the point, but several of the smartest climate modelers on earth trade their models to phenomenal effect
@jordanbpeterson
Dr Jordan B Peterson
3 years
Let the climate change modelers model the future price of a single stock For five years For ONE year But the entire climate Which is everything For eighty years?
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@bookdepth
bookdepth
10 months
Loro piana hat and shirt combo lmao he's fully adopted the Ken costume as his own
@nyjets
New York Jets
10 months
The eldest boy has arrived.
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@bookdepth
bookdepth
3 years
I wanted to know which IMAX was the best to see DUNE, so I scraped a theater db to see where I could get the best screening experience It turns out there's huge variance in screen size, IMAX's primary selling point! In fact, many are no larger than a standard theater #LieMAX
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@bookdepth
bookdepth
3 months
@powerbottomdad1 broke: buying lottery tickets is a suckers game woke: above a certain jackpot value its actually +ev bespoke: if the jackpot gets too high then jackpot split odds go way up too and eat into your ev, smart money is buying >350M and tapping out >900M
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@bookdepth
bookdepth
3 years
A junior PE associate is trying to skip out on jury duty by arguing to the court that his mere existence as a Person Of Deals has implicated him in the Epstein scandal
@business
Bloomberg
3 years
A private-equity firm employee from Manhattan says he fears he can’t be impartial if he’s chosen to sit on a jury trying Ghislaine Maxwell because of his job
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@bookdepth
bookdepth
5 months
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@bookdepth
bookdepth
3 years
Crypto is amazing because on the right side of the bell curve you have ex HFT gigachads who can recite every EVM opcode from memory, while the left side is "maybe ponzi schemes are good actually?"
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@bookdepth
bookdepth
3 years
Citadel Securities Jump Trading Susquehanna International Group Hudson River Trading Tower Research Capital
@TheGarpInvestor
Ethan Tucker
3 years
What private companies would you most love to own a piece of. Here’s 5 names off the top of my head: LEGO IKEA Chick fil a Cookout Bloomberg
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@bookdepth
bookdepth
4 months
@MarcusSinclair2 @ryxcommar 10pm? Your profile says you live in Manhattan my man.......
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@bookdepth
bookdepth
1 year
This tweet is wrong in two crucial dimensions that I want to explain in an effort to help people understand the claims that the the EMH actually makes about the world.
@sama
Sam Altman
1 year
the efficient market hypothesis is interesting not only because it’s widely believed and obviously untrue, but also because it becomes more untrue the more people act as if it were true.
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@bookdepth
bookdepth
8 months
Hell yeah baby we're doing juicero again!!! 2010s are back‼️‼️
@GritGrowthCap
Grit Capital, Ancient God of Commerce
8 months
Cold brew machine company raises $20m in SEED funding?? Someone unpack this one for me
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@bookdepth
bookdepth
10 months
@sbinslashessend Lightning was shit and we all know it, don't delude yourself lmao
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@bookdepth
bookdepth
2 years
Mods are asleep, post rare kens
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@bookdepth
bookdepth
2 years
Classic thing that happens at a firm with top tier engineers
@eliotwb
Eliot Brown
2 years
2021: Palantir put $400 M into 20 companies listing via SPAC, tied deals to software contracts that gave it revenue; revenue growth rate grew 2022: SPAC shares down >80%; most companies have issued 'going concern' warnings; 1 co bankrupt; growth slowing
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@bookdepth
bookdepth
2 years
@KingDavidQPS I'm rather certain this has more to do with the focal length of your camera but I'm glad you were able to change your life nonetheless
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@bookdepth
bookdepth
3 years
I find it difficult to converse with quantitative, discretionary, or gut feel traders/analysts who have not studied: The relative merits of Asuka vs Rei in the hit anime series Neon Genesis Evangelion the US anime invasion, starting with early 90s toonami/Dragonball Z...(1/93)
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@bookdepth
bookdepth
6 months
@shaunmmaguire Nobody is impugning your credentials as a physicist with a nonexistent h-factor or as an investor who piled LP $$$ into web3 trash with no use cases What I do question is your interest in the same pile of steamed ass that Russia Today was airing out more than 3 years ago in 2024
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@bookdepth
bookdepth
9 months
Lol. Lmao, even
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@bookdepth
bookdepth
3 years
@DiMartinoBooth Sounds like they should shut down and release their labor and capital towards more productive uses
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@bookdepth
bookdepth
3 years
Sometimes a picture is worth a thousand words. IMAX started as groundbreaking theater technology, mainly deployed in a nonprofit popular-science/museum setting. Starting in mid-2008, it became a brand licensing scheme designed to upsell moviegoers at the box office. Buy wisely!
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@bookdepth
bookdepth
3 years
A good trader hits the 100k everytime, the EV gods reward the bold
@MrBeast
MrBeast
3 years
Would you rather have $10,000 guaranteed or a coin flip chance of $100,000?
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@bookdepth
bookdepth
3 years
Finally tried the cronut! The key to beating the line is to be unemployed and go in the middle of the workday
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@bookdepth
bookdepth
3 years
I know I'm stupid for asking, but there is just no rational path for to Tesla grow into a >300x p/e valuation right?
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@bookdepth
bookdepth
3 years
Mfs tweeting "I won't live in the pod" like they wouldn't take a job at citadel/millennium/bam in a heartbeat smh
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@bookdepth
bookdepth
3 years
There are two kinds of people in finance, you're either Doing Computers or Doing Deals, everyone in this sordid industry has to choose a side eventually
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@bookdepth
bookdepth
2 years
Bruh lmfao imagine getting this reply. I'd delete my account
@matt_levine
Matt Levine
2 years
@mattyglesias your bond math here is not so hot. for one thing, a basis point is 1/100th of a percentage point.
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@bookdepth
bookdepth
3 years
The end destiny of every hedge fund is to either blow up spectacularly, or to do so well that you kick your investors out and become a prop shop/family office
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@bookdepth
bookdepth
3 years
Happy birthday to me 🥳
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@bookdepth
bookdepth
10 months
The government should not be in the student lending business at all, it is a direct cause of tuition inflation
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@bookdepth
bookdepth
11 months
@Unsecured_CCTV Love to talk high performance clutch parts with the boys
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@bookdepth
bookdepth
26 days
Gerko said money spread 💀💀💀
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@bookdepth
bookdepth
3 years
Happy drew noncompete expiration month to those who celebrate! Only 22 days until I am allowed to participate in a trading business again 😈😈😈 In '22 it's over for y'all
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@bookdepth
bookdepth
2 years
LMFAO
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@bookdepth
bookdepth
2 years
Stolen valor, midtown built this look
@chiefofstuffs
karl yang
2 years
downtown SF is BACK. nature is healing
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@bookdepth
bookdepth
1 year
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@bookdepth
bookdepth
2 years
Ray, I think this investment committee meeting has gotten way off track if I'm honest... Are we buying into this natgas calendar spread or not?
@RayDalio
Ray Dalio
2 years
Nature gave us one hell of an incentive to have sex in the form of the great pleasure it provides, even though the purpose of having sex is to contribute to the advancement of the DNA. That way we individually get what we want while contributing to the evolution of the whole. 2/2
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@bookdepth
bookdepth
4 months
@MarcusSinclair2 @ryxcommar Might have no picture but I can assure you I don't fear the mean streets of Washington heights at any time of day lmao
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@bookdepth
bookdepth
3 years
Ken taking paradigm money feels like more of a crossing the Rubicon moment than any ETH ATH number
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@bookdepth
bookdepth
3 years
Catch me at a table full of beer executing a mid frequency strategy
@JessFerringer
Jessica Ferringer
3 years
Checking out a new restaurant tonight called Market Exchange. Beer prices fluctuate every 10 mins based on demand.
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@bookdepth
bookdepth
2 years
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@bookdepth
bookdepth
2 years
Has there ever been a stronger "VP of linear rates products" face in the history of existence? I challenge you to find it
@waitbutwhy
Tim Urban
2 years
Caesar
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@bookdepth
bookdepth
4 months
Haters will say it's fake, but this is also how VWAP algos with random clip sizes were invented in trading
@420joke
rush
4 months
The owner of multiple dominos pizza franchises in DC could tell when the US was about to go to war based on the number of pizzas delivered to the CIA, Pentagon, & White House in the nights leading up to the event
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@bookdepth
bookdepth
3 years
"it is worthwhile running some risk in order to relieve the enemy of his money" --Karl Marx, reflecting on his success trading the English stock market
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@bookdepth
bookdepth
3 years
we live in a simulation, truly
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@bookdepth
bookdepth
10 months
Week one of being at the multistrat pod shop and I can already feel the HFT leaving my body.... I am newly suffused with the power of things like "earnings per share" and "corporate access" and "C#"
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@bookdepth
bookdepth
3 years
And this is before we even get into the issues of toxic flow, where Zillow also clearly got rinsed by more informed counterparties who took them to the woodshed on pricing because it turns out that nonfungible illiquid assets are hard to price algorithmically
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@bookdepth
bookdepth
4 months
Possibly relevant follow up
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@bookdepth
bookdepth
4 months
For reference, Facebook's revenue per head is around $2M
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@bookdepth
bookdepth
6 months
Too bad, i was just starting to think I'd made a new election-denialist friend there
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@bookdepth
bookdepth
4 months
@powerbottomdad1 God willing not much longer, permitting reform is currently pending before the Senate: Already passed the house 365-36 on a bipartisan vote, fingers crossed it doesn't die in the senate
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@bookdepth
bookdepth
3 years
We should cut the min ticksize in half for US equities to bring PvP mode back to the markets God did not make man in his image to compete for queue position, his intention was that we compete on price
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@bookdepth
bookdepth
3 years
Twitter algorithm undefeated lmfao @tolstoybb
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@bookdepth
bookdepth
3 years
@GritGrowthCap @joshmohrer Instead of getting underpaid in cash you get underpaid in shitcoin
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@bookdepth
bookdepth
2 years
What's that, a debit suisse joke? Wow, haven't heard that one before anon
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@bookdepth
bookdepth
1 year
@MikeIsaac You know what they say about advertisement driven businesses, the fewer eyeballs the better!
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@bookdepth
bookdepth
3 years
Macroeconomists move zero size and love austerity, and I'm supposed to care what these people think? Like go do another dsge model sweetie some of us have real work to do
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@bookdepth
bookdepth
2 years
Anyone in NYC gonna be at Solana hacker house next week?
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@bookdepth
bookdepth
5 months
⚠️ do not disturb ⚠️ 📈 price discovery in progress 📉
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@bookdepth
bookdepth
1 month
Fuck sake, NY Dems deserve the gulag
@_rebeccaclewis
Rebecca C. Lewis
1 month
"I have directed the MTA to indefinitely pause (the congestion pricing) program," Gov. Kathy Hochul confirms
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@bookdepth
bookdepth
8 months
@ryxcommar 5000 years of grustory
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