Obviously doesn't get into all the nuances of Mean-Variance, as I wouldn't have expected a Substack article to attempt.
I thought the discussion focusing on Sharpe was really interesting. There's lots of higher risk investing opportunities like options, alternatives, and crypto, but not a way to put them on the same scale vs each other.
+1 for Vercel. Ran my first project on it years ago when they were young and I was stupid. It was so easy to get a front end hosted. I'm still stupid but a lot more experienced now, and still use it for spinning up side projects
Reminded me for some reason of mikerowesoft.com - believe the story is that Microsoft sued the guy for infringement and ended up winning. Let's hope a tech company with the name Danblos or something doesn't blow up
Turning standard education into something scalable is going to be very interesting. We're already seeing this with MOOC and all, but when it's a part of a national network that students can plug into - I'm excited about the potential here. I like the super school idea, gives me the impression of a merit-based winner-take-all system
Even as someone who's gifted, how do you manage to get into a university at 13? I'm assuming you're non-American? Is it just a matter of taking entrance exams, showcasing aptitude at the college level, then matriculating?
What actually constitutes a full explanation of the algorithm? Article doesn't get into this enough, it mentions a high level overview is required but not much else. I can imagine that it's not going to require sharing the codebase or IP, of course.
Clicked into it, didn't read the description, and got an AI-based project that could perfectly hedge my fixed income portfolio. I won't lie, got a bit excited and then I realized what site I'd clicked on.
Having fun? What are rich founders doing that are still at the helm of their own company, what are rich fund managers doing that have already proven their merit?
I'd familiarize myself with overfitting (https://www.investopedia.com/terms/o/overfitting.asp). That's optimizing your portfolio to historical data so much so that it is no longer generalizable to the future.
When you say, paid actor, are you proposing that Cramer is being paid by some fund to pump a stock that they already have a position in? I don't know, but I believe it'd be highly unlikely given that he had a pretty good career as a fund manager himself, probably doesn't need more money.
The article mentions (or links somewhere to this info) that there's no longer a Cramer pump, although there definitely was a couple years back
The name is escaping me right now, but I believe there are startups in AZ that are building "artificial communes" - ie a rural kind of community, no cars, everything within walking distance, inhabitants are tech people working remotely. I think their business model is eventually going to be charging some kind of tax on everything that occurs within the community.
I'd try to Google something reminiscent of "AZ artificial community" - I tried Googling that, but couldn't find it. Kind of frustrated that I can't remember the name now!
Saw a comment on another Netflix post recently along the same lines as this article. It makes me think that the next logical step for Netflix is to move into a different type of media Ex: Spotify, music → podcasts. I think there's a lot of potential for Netflix to go into music, although smarter minds than me will have to figure out how to monetize in a way that makes any sense in a world where Spotify already exists.
I thought the discussion focusing on Sharpe was really interesting. There's lots of higher risk investing opportunities like options, alternatives, and crypto, but not a way to put them on the same scale vs each other.
Edit: They run an Inverse Cramer Index (https://www.getquantbase.com/fund/details?title=Inverse%20Ji...)