Structured product fraud whistleblower ~ It’s impossible to beat the market, which paradoxically is why I beat the market ~ LETPs = Blackjack, and I count cards
Here are the results of the 'Double 0.667' model for trading BMO LETNs. This model will be featured in my upcoming book. The below represents an average yearly return of >40% (non-leveraged).
Explanation to follow...
Here are the results of the 'Man in the Mirror' model for trading BMO LETNs. A book and explanation will be coming in the next month or so and will include more models that outperform the market with lower volatility than the market in general. Below is an avg. 22% return
@RWMaloneMD
Hospitals were paid per treated ‘Covid case’ and per ‘Covid death’… fraud was going to happen once the financial incentives were in place. Why do so few follow the money for the truth?
@davidgokhshtein
@Cobratate
Wrong… you’re ‘presumed’ to be innocent. If you committed a crime you’re always guilty, regardless of being convicted or not.
@nntaleb
For those who don’t know, Nassim is proving the point with his comment. Nearly impossible to refute, yet it took 5 seconds to post.
Absolutely, brilliant!
@BillAckman
@elonmusk
@andrewrsorkin
@X
@tiktok_us
@instagram
@facebook
Bookmark this post.
I believe Bill has just confirmed he is one of the ‘unnamed’ investors in X, and likely a very big one.
It will eventually come out.
The investor list will be revealed or ‘leaked’ to the public prior to a future IPO when Elon and company want to
@BillAckman
This was a back door bailout of bond holders and Bill knows this. Now assets may not need to be liquidated at a discount. The increased premiums for FDIC coverage will come from ALL account/clients of all banks. Expect higher bank fees for the populace.
@michaeljburry
Sorry $SIVB, a $14B bank (yesterday) is not Enron. Tomorrow it will be a $5B bank and still not Enron. It won’t be the last bank to fail in this cycle. But it’s a good representation of why we shouldn’t have zero rates and the consequences of free money.
@michaeljburry
Lesson to be learned: when anyone gives nonspecific advice or predictions they are hoping to claim victory in the future or if wrong pretend their warning was misinterpreted. Burry is a King at this and it’s dishonest and disingenuous.
@Jason
@FreddieRaynolds
Not at regional banks… this is a .1% problem which is why not one normal person is on Twitter shouting for help. Just financiers that take all the fat off of every deal, leaving the scraps for founders, employees and the rest. If the economy falls, most would have a far better
@unusual_whales
If this was true for a moment it would quickly be arbitraged away. Any investor that tries to use this will quickly lose. Hold me to this. I’m beginning to really hate the hype and manipulation around GPT… it’s not revolutionary regardless of the paid spokespeople that say
@jcj
Has no one ever seen a layoff cycle before? For security reasons companies have to cutoff all access immediately without prior knowledge as retaliation from an disgruntled employee that has access to firm systems can be catastrophic
@MittRomney
To translate for Mitt: if the companies the VCs fund run out of money, then the VCs will need to provide more capital. If these startups go under then the VCs lose money and their performance is affected. It’s never about the little guy… little guys litter the streets of SF
@fasc1nate
You just found the real culprit of increased temperatures in densely populated areas: asphalt, roofing tiles, paving paradise “to put up a parking lot” bop, bop, bop
@volodarik
@dreem_lense
@immad
Physical address is a regulatory requirement for US KYC. End of discussion, anything less than this is in violation of those regulatory requirements. They also need to know your source of wealth and source of funds coming into the account. As well as beneficial ownership.
@dom_lucre
Above all, people want to be loved. Kids deserve it more than anyone. Perhaps if many received more the world would be a better place.
Good video.
@burrytracker
@BurryArchive
I’m definitely taking his advice and shorting my ‘USB’ it’s garbage. Also I need to let Burry know that the issue has never been deposit balances. The magicians of wall-street have diverted our attention of what really brought down SVB. Selling their MBS portfolio at a HUGE
@unusual_whales
This is a lie, a falsity, made up information. It cannot be sourced or referenced because it does not exist. If this data was correct the average new car in 1971 would be $821. Twitter makes high follower counts seem omniscient but they are far from.
@WallStreetSilv
If there are 9 occupants for 10 homes prices will drop until one homeowner is okay with a complete loss. This is why billionaires really care about population decline.
@michaeljburry
The alternative is a world which assets reprice (near zero) and society rebuilds after a full collapse. The incentives for this to happen is not politically or financially viable. The incentive for more of the same keeps the current version of our caste system in place
@GRDecter
ChatGPT = Clubhouse, we won’t hear about it a year from now. No practical applications for mass market. If I’m wrong let me know what it will be used for
@unusual_whales
For those that don’t know, these lock in losses and have a cap on gains. Also, horribly tax inefficient with hundreds of % turnover.
These are a no buy- don’t let your FA talk you into it. If they bring it up, fire them, IMO.
@dougboneparth
You may laugh, but this is 100% sound investment advice by uncle Bob.
If you owe the bank $50,000 dollars you have a problem. If you’re a bank and have $100billion dollars of underwater CRE on your balance sheet the tax payer has a problem.
@michaeljburry
Let me translate for Burry: he bought regional banks and needs a hefty return. I personally don’t think regionals or bank stocks will recover anytime soon. Deflation needs to set in and when it does, bad loans will swell on balance sheets. Hold me to this
@BillAckman
@VivekGRamaswamy
I would like to publicly short this prediction and donate to Bill Ackman’s favorite lobbyist if I’m wrong. Someone please hold me accountable.
@elonmusk
@all_in_tok
@DavidSacks
I disagree, there will be no future for future generations unless risk is price appropriately, industries revalue away from jpegs and into production. The only group that truly lose when markets reprice lower are those that have assets. Unfortunately, we now have far too many
@Cobratate
All I could see was a man in his late 30’s that never learned to type QWERTY.
Wrong hand placement (beta), slow type speed (beta), no use of keyboard shortcuts (beta), with the monitor in the sun (fake it beta) each of these compounded cost at least $832,000 a day in lost
@marklinds
@bgiordan
@historyinmemes
Correction: it’s how
#cronyism
works. Free market is not dictating the service nor determining the price.
These are decided through the state government + federal support. Thus susceptible to ‘influence’.
Here’s who’s getting paid.
@financialjuice
From my 8 years at the firm I personally would do the opposite. Nat gas went from $10 to $2.5 in a few months and other commodities will do the same. Hold me to this prediction
@SophiaKianni
Just FYI, Venice is not on a river but the Adriatic Sea which connects to the Mediterranean which connects to the Atlantic Ocean. thus rain won’t matter unless the oceans are drying up. I’ve attached an image for your review. This is called logic. It regularly floods and goes
@marcthiessen
I have said for a long time that when money is needed you can only go after those with assets. As financial conditions get harder watch property taxes, mortgage fees, insurance and transaction taxes to increase. I won’t be wrong
@sarthakgh
Elon could not have built it for less… he bought: users, a platform, goodwill, 24/7 media coverage (no such thing as bad publicity).
Few seem to understand the true brilliance of Elon (it’s not physics). Elon has the ability to divide, to intrigue, and most of all to make you
@RobertKennedyJr
@zerohedge
@elonmusk
Would not be upset to have this Kennedy in the White House. I end up agreeing with Robert often. On this one he’s spot on. Follow the incentives = find the truth.
@tim_cook
I believe Apple may be back to the Apple of the early 90s. Overly expensive products for a niche consumer hoping to move the needle on margins to satisfy Wall-Street.
Would guess stock struggles from here but hope to be wrong.
@michaeljburry
Let me translate for Burry: he bought regional banks and needs a hefty return. I personally don’t think regionals or bank stocks will recover anytime soon. Deflation needs to set in and when it does, bad loans will swell on balance sheets. Hold me to this
@GRDecter
Incorrect. AI is being used as the scapegoat. Just like industrialization, outsourcing, and the printing press were used as scapegoats previously.
@GRDecter
Everything is not fine, for those too young to know, this is not good news. Good news would be not needing it, better news would be not needing it.
@michaeljburry
Hot Take: SF is being run into the ground as a real estate play. Keep eyes on who buys distressed property there in the coming years and watch its miraculous transformation once the buying is done. Hold me to this prediction.
@unusual_whales
*not legally binding contracts
Lawyers provide valuable services and provide malpractice coverage.
They are not a toy (for now) like chat GPT. It’s helpful to remember, anything of value has a payment attached.
If chat GPT had huge value its investors would require a
@BetterPitchGuy
you just need to understand who their parents were to understand why they were funded. 1000 red flags 🚩 didn’t matter nothing mattered except their pedigree
@michaeljburry
These were accounting frauds not bank runs. False equivalency. But to play your game it will be Google that losses the most value (by market cap) as they, Amazon and Facebook are vastly dependent on the VC ponzi in ad spending. As we found out VCs and startups will have tight
@Partisangirl
They are not, you can’t play the same ‘crisis’ twice. The next crisis will be something new but warned about. Perhaps electrical grid hacking.
@michaeljburry
Let me translate for Burry: he bought regional banks and needs a hefty return. I personally don’t think regionals or bank stocks will recover anytime soon. Deflation needs to set in and when it does, bad loans will swell on balance sheets. Hold me to this
@themattmic
I read this same argument about the gold diggers in 1849 being the next JP Morgans. Chamath is selling shovels and he’s invested in the manufacturers. He’s scamming everyone like he’s done with everything else he’s touched. He was an employee of FB and made an insane amount
@BillAckman
@RobertKennedyJr
important observation that is 3.5 years too late.
For future reference, incentives always matter and drive every decision made by every person that ever lived.
Be wary of others incentives and always ask yourself cui bono?
Many find fraud or find investment opportunities by
@ConstanceFlick
@RWMaloneMD
I can answer your question: there is little to no financial incentive for being honest. The benefits of being honest come over a lifetime and being fraudulent is immediate. Couple that with a low probability of being caught and there’s a bad recipe
@GameofTrades_
@zeroshorts
Bear Sterns collapsed March 2008, not July 2007. You’re thinking of 2 of Bear Sterns Hedge funds in the summer of 07. You should edit your tweet if you can. The market went on to get to a new ATH in October of 07 before problems happened for the market
@CGasparino
@FDICgov
@FoxBusiness
@LizClaman
FYI their loan book was comprised of the VCs their portfolio companies which used the proceeds (of the loans from SVB) to fund their depositor accounts at SVB. This will come to light eventually, anyone that knows how VCs work will agree. Same with banks that do business in real
@unusual_whales
This is not surprising. Data has value, wait until everyone finds out that Microsoft and Google read all your email, storage, and use that info as they will. It hasn’t happened yet, but you heard it here first.
@AyalSharon
@TrackInflation
Thank you for the question. 1) I was there in 08 with the largest layoffs in history. 2) no firm would layoff an entire desk… if they did they would lose all business when the market rebounded 3) Goldman fires the bottom 10% every year. Nothing new.
@unusual_whales
ChatGPT just reduced the cost of a $600 article to: $0.00048611, how did I come up with that price? Hint: price of monthly subscription divided by the time it took ChatGPT to write the article.
@ecommerceshares
Just so everyone understands:
$1.1 in gross revenues divided by 3.2 million performers is $343.75 per performer per year.
Something to think about.
@Jason
Jason is now learning what mobile homes are… soon he will learn of their residual value. Later he will learn that banks will treat the factory built home like a ‘car’ with similar lending standards , down payment requirements and interest rates. Hurry! create a SPAC while the
@GRDecter
I will take the other side of this prediction. No way they get to $2M
Just wait when the masses find out there’s no such thing as AI and just programmed algorithms based on adjusting input weightings to give the appearance of learning. Grift
@RagingVentures
I will take the other side of this prediction all day long. And if what you’re asking for does happen you will watch the market tank 20% + in the next 3-6 months as every one realizes how bad things really are. My call is 25 bps hike. It was never going to be 50bps because last
@CGasparino
@CreditSuisse
I was at GS the day 15% of the office was let go. The worst part is they had people come to the office then be escorted out. Same thing, crying, shock, panic.
@charliebilello
It’s crazy to think if they hadn’t bought back one dollar of stock their interest income on that $588 bln would be over $32 bln a year (5.5%). Or in other words their net income would be 33% higher than it is currently. $32bln is 50% of Microsoft’s annual net income
This is a
@GretaThunberg
@penguinpress
Why is this not an ebook only? Print materials have great impact on our environment: 1) it takes an average of 40 years for a tree to reach maturity to replace the thousands cut down 2) in is toxic to produce and poisons the soil 3) the shipping costs and pollution to the
@GRDecter
Stock buybacks do nothing of economic value and have no positive effect on future cash flows unless the stock pays a dividend. It’s a scam to negate share dilution and pump stock options for insiders. SCAM…
When stock buybacks sterilize newly issued shares, none of that cash is ‘returned to shareholders’. All of the cash goes to the recipients of the newly issued shares (whether they actually sell the shares into the buyback or not). It is, as the kids would say, just math.
@unusual_whales
Money Markets are not risk free and most invest in short term corporate paper. I was at GS in 2008 working in MM when a dollar was suddenly worth 97 cents…. Will history repeat? Or rhyme?
@unusual_whales
This is far cheaper than rent… and zero commute time.
Only a matter of time until employers provide campus housing.
Will be a game changer…for younger non-family workers.
@FedGuy12
I do not recommend buying falling knives. And I’m sure the stuff he claims to have bought 6 days from now will be the only things that did go up. This is why no one is specific on their trades.
@KobeissiLetter
It’s crazy to me how many large accounts don’t understand simple math.
If he has 120,000 calls with a strike price of $20 then he will need to come up with $240,000,000 to exercise. (120,000 x 100 x $20)
You can also decrease a billion by this amount as there is zero
The point of my book is to highlight the fact that it's so fucking obvious how to make [guaranteed*] money by betting against LETPs, that regulators, academics, politicians and journalists are forced to tell me how Handsome I am publicly (handsome = right about fraud).
Sadly,
Would love to get everyone’s thoughts on the book cover. (3/28/24)
Should I add, “easier than counting cards, and higher returns too”!
I want to really emphasize the fact that fraud is simple to see in hindsight.
Also, for those of you who have been playing with the
@NewsLambert
@FortuneMagazine
Ask any real estate agent at any moment in time- it’s always the best time to buy or sell.
Same with your stock broker or investment advisor.
But the question is for who? Them or you?
@jnordvig
Correction: higher China GDP is showing up in US Equity markets not Chinese markets.
The people are communist but their money is capitalist..
@litcapital
What is ironic about Ramsey is that he supposedly ‘never’ borrows money (bullshit) but he invests money.
Which is in fact lending or giving money to someone else in hopes they are able to grow your investment or pay it back with interest.
The result being:
Dave Ramsey