Dirty Texas Hedge @HedgeDirty Twitter profile

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Dirty Texas Hedge

3 years

IT'S LIVE

The Parable of Rust tells the story of the boom, bust, and recovery of the fictitious factory town of Rust and three generations of the family which builds, owns, sells, and re-acquires the factory,...

www.amazon.com

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Dirty Texas Hedge

@HedgeDirty

2 months

A competent GOP would cut a campaign ad that's just alternating clips of protestors at 60k+ tuition schools and clips of biden promising loan forgiveness and blanket it to every middle-middle to lower-middle class demo

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Dirty Texas Hedge

@HedgeDirty

4 years

A GENTLEMAN’S PRIMER ON SHORTING INSOLVENT SHITCOS So you’ve found a ShitCo. It’s such an ugly zombie it couldn’t be an extra in season 19 of The Walking Dead But it’s still got a $185m cap And you want to be the one to mung the last rancid, putrefying drops out of that corpse

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Dirty Texas Hedge

@HedgeDirty

3 months

Michael Lewis may have fallen from previous esteem, but the detail in The Big Short about Lehman's mortgage model being in excel and unable to input a negative change in home values has been confirmed to me by someone with direct knowledge of it

Will Manidis

@WillManidis

3 months

what single excel file lead to the most destroyed capital in human history?

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Dirty Texas Hedge

@HedgeDirty

2 months

There is no privilege like British Accent privilege. Americans will grant you 20 IQ points for nothing

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Dirty Texas Hedge

@HedgeDirty

3 months

Either you ration with price or you ration with time. There's a real price for everything even if it's not quoted in currency

YiMing

@yimingdothan

3 months

peak Canadian healthcare is lining up in the cold for 2 hrs at 7am just to get a spot for the day

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Dirty Texas Hedge

@HedgeDirty

3 months

Any Millennial who looked at their peers with open, cold eyes saw this coming 15 years ago

John Burn-Murdoch

@jburnmurdoch

3 months

NEW: my column this week is about the coming vibe shift, from Boomers vs Millennials to huge wealth inequality *between* Millennials. Current discourse centres on how the average Millennial is worse-off than the average Boomer was, but the richest millennials are loaded 💸🚀

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Dirty Texas Hedge

@HedgeDirty

3 months

There are only 3 phases of life where NYC beats generic suburbia: - early/mid 20s either entering a high-powered career or with high-powered parental subsidies - married, pre-kids with 2X professional income - wealthy empty nester

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Dirty Texas Hedge

@HedgeDirty

7 months

Being comfortable placing a 20-year irrevocable bet against inflation for somewhere between 1/3 and 1/2 your lifetime earnings is maybe the most Japanese thing ever

Scarlett's Grandpa

@KASDad

7 months

Ohtani, per @TheAthletic , is deferring $68 of his $70 million dollar salary every yr of his contract. It will be paid out w/o interest from '34 to '43. It's much cheaper for the @Dodgers than it at first appeared. Remarkable, but I wouldn't worry abt Ohtani given endorsement $$$.

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Dirty Texas Hedge

@HedgeDirty

2 years

I really hope Westerners understand that Russians protesting the war are taking risks 99% of Western protestors would get an aneurysm thinking about

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Dirty Texas Hedge

@HedgeDirty

3 months

Perhaps my most middle-aged, grow-up-and-accept-responsibilty opinion: If you personally make >$200k, you are high class. You should accept the personal, professional, institutional, and social leadership obligations that come with being high class.

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Dirty Texas Hedge

@HedgeDirty

1 month

Shooting -5 on a day you had a mugshot taken at 7 AM will be an impossible standard held over the heads of every junior finance person for a generation

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Dirty Texas Hedge

@HedgeDirty

2 years

today is probably the time I've been most disgusted with a rally in the stock market

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Dirty Texas Hedge

@HedgeDirty

2 years

In 1994 Ukraine became the only country ever to give up nuclear weapons (~2000 of them), in part because the United States guaranteed its territorial integrity what country would take that deal today?

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Dirty Texas Hedge

@HedgeDirty

3 months

@mister_shroom Why does that surprise or disturb you? The MBA degree is literally "Master of Business Administration". The entire point of the degree is to teach people how to be managers of businesses, not individual contributors to them. That's literally what an "MBA type" is supposed to be

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Dirty Texas Hedge

@HedgeDirty

2 years

holy shit closing a refi 8 weeks ago really was catching the last chopper out of saigon

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Dirty Texas Hedge

@HedgeDirty

2 years

wheat limit up again on CME open reminder: this is way scarier for the world than $125 oil

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Dirty Texas Hedge

@HedgeDirty

3 months

@Steinernomics When someone evades taxes, treasury stops collecting revenue. That's it. Nothing else happens and it has no discernable effect on anyone except the tax evader other than the tax evader having more money to spend, save, or invest. NO ONE ELSE PAYS FOR IT. Not you. Not me. NO ONE.

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Dirty Texas Hedge

@HedgeDirty

3 years

Beware any company whose CEO is 6'3" or taller 6'3" is the 96-97th %ile of adult men (and 98-99th of men+women). If a CEO is that tall it's probably because the company promotes people for the wrong reasons

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Dirty Texas Hedge

@HedgeDirty

2 years

If you ever feel like an idiot, just remember: there are professional investors who loaned $CVNA $750m sr unsecured at 4.875 in August of 2021

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Dirty Texas Hedge

@HedgeDirty

4 years

So. You want to mung ShitCo’s twitching corpse Your options: 1: Short it knowing it will be 931 days until Justice 2: Short it in denial and become a divorced, anti-Semitic, Xanax-addled lunatic 3: Light your money on fire avoiding short gamma 4: Leave it be Happy Hunting

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Dirty Texas Hedge

@HedgeDirty

8 months

I'll take the contra: Adam Neumann took nothing from "society". He took money from SoftBank, who gave it to with their eyes open. He defrauded zero mom & pop retail investors, and indeed "society" successfully thwarted his attempt when the S-1 was laughed into oblivion

RJR Capital

@RJRCapital

8 months

Another one bites the dust. As a society, we should be revolted by the fact that Adam Neumann become a billionaire shilling this garbage and should demand change in our financial system to ensure Trevor Milton and Adam Neumann never happen again.

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Dirty Texas Hedge

@HedgeDirty

1 year

I think one of the basic life expectations problems professional class Millenials have is that because their professional class parents waited longer to have kids, their childhood memories only start when their parents were early-mid 40s, at the peak of their earnings power

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Dirty Texas Hedge

@HedgeDirty

4 years

In six months, you will go from normal, well-adjusted, shrewd investor to garden variety antisocial cynic to Rand Paul crazy to Ron Paul crazy to Zerohedge crazy to Alex Jones crazy and then into darker, really unsavory types of crazy

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Dirty Texas Hedge

@HedgeDirty

2 years

I'm generally not a 'you're paying attention to the wrong thing' guy, but at current prices: -oil is a 'rich countries have below trend growth' problem -Euro gas is a 'whole sectors shut down & ppl die next winter bc no heat' problem -Ags is a 'how revolutions start' problem

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Dirty Texas Hedge

@HedgeDirty

4 years

Long gamma traders know in their bones tail events are not only more likely but will happen sooner. Bleeding theta doesn’t bother them because the asshole on the other side is a complacent laxbro who will get what’s coming. They have contrarian streaks and Taleb shrines

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Dirty Texas Hedge

@HedgeDirty

4 years

Long theta traders know in their bones neurotic pussies overpay for metaphysically impossible tail risks. Short gamma doesn’t bother them because the asshole on the other side is an over-Zerohedged paranoiac. They have colossal egos and insurance execs for fathers

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Dirty Texas Hedge

@HedgeDirty

4 years

Why on earth would a company whose debt trades at 80 still have any equity cushion left? Because the equity has become an option, and options retain value until they expire, no matter how far out of the money they are

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Dirty Texas Hedge

@HedgeDirty

2 years

Among my many pet theories is that Musk is trying to sell as much TSLA as he can in ways that make it look like he is 'forced to' in order to avoid the bad look

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Dirty Texas Hedge

@HedgeDirty

2 years

The truly interesting bitcoin failure case is not "price falls, paper hands get liquidated" The interesting bitcoin failure case is "price falls far below breakeven mining costs, becomes totally illiquid becuase there aren't enough miners to clear transactions"

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Dirty Texas Hedge

@HedgeDirty

3 years

It will be hilarious as hell when investors realize cannabis is inherently destined to be a low-margin ag business with high taxes and a lot of long-term legal liability and then it all gets rolled up into Philip Morris, Altria, and BAT

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Dirty Texas Hedge

@HedgeDirty

3 years

Interesting fact: $AMZN has been a public company since 1997 Cumulatively, of its entire corporate history, it has brought in 52% of revenue, 81% of earnings, and 87% of FCF in the past three years

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Dirty Texas Hedge

@HedgeDirty

4 years

WHY YOU SHOULD NEVER HOLD LEVERED ETFS This one is actually pretty simple and can be reduced to a straightforward math statement: 1.03 * 0.97 < 1.02 * 0.98 < 1.01 * 0.99 < 1

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Dirty Texas Hedge

@HedgeDirty

3 months

I will once again get on a hobby horse of mine: paying someone else to supervise young children is inherently a high class luxury. There are no economies of scale. The economic value depends on a giant wage spread between parent and caregiver. Subsidy only creates a baumol beast

Kamala Harris

@KamalaHarris

4 months

Make no mistake: President @JoeBiden and I intend to cap child care costs at $10 a day for the average family and make preschool free for all four-year-olds. To do that, we need Congress to act.

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Dirty Texas Hedge

@HedgeDirty

23 days

If you want, as an American, to have a European material standard of living with a European quantity of vacation & leisure, that option is available to you: become a schoolteacher

The Random Recruiter

@randomrecruiter

23 days

Americans: Working 60 hour work weeks until they inevitably get laid off Europeans: Already on their 4th “holiday” of the summer

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Dirty Texas Hedge

@HedgeDirty

3 years

It's not a "fossil fuel" it's aged, organic, all-natural, solar energy

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Dirty Texas Hedge

@HedgeDirty

3 months

@mister_shroom Yes. You have correctly described the MBA Type. I am not a fan of this type, nor am I defending them. I'm just saying that expecting anything different from them is like going into a bar and being upset at how hard it is to find teetotalers

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Dirty Texas Hedge

@HedgeDirty

4 years

You will blame everyone except your own self for being unprepared for short gamma And before you know it you will be mining ReichCoin with your 3rd videocard and shitposting Rothschild memes on 8chan while spaced out on the Xanax you stole from your teenage daughter’s hot friend

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Dirty Texas Hedge

@HedgeDirty

3 months

This does not stop being true if you live in a high-cost city. This does not stop being true if your social circle makes more than you. This does not stop being true if you are 'behind' where your parents were at your age.

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Dirty Texas Hedge

@HedgeDirty

6 months

What's most jawdropping about the Ackman/BI fight is that Ackman was *this* close to overplaying his hand and being Petty Rich Jerk and now there's almost nothing he can do to look like the bad guy. When you have a beef with a man and you pick on his *wife* it's Deguello time

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Dirty Texas Hedge

@HedgeDirty

4 years

Obligatory Throat Clearing: You are indeed performing a valuable service You *do* make capital market more efficient. They *do* need you to function well You are Righteous Vigilante, policing the bullshit no one else will But you need to understand the trade you’ve put on

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Dirty Texas Hedge

@HedgeDirty

3 months

US median *household* income is ~75k. US median houshold, *conditional on a college degree* is ~120k. 200k is the cutoff threshold for top 12% of households, of which a substantial number are dual-income. If you by yourself are >200 you're well into the top 10%

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Dirty Texas Hedge

@HedgeDirty

2 months

"Naked short selling" is a phrase used exclusively by people who do not know what actually it means What other phrases are like that?

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Dirty Texas Hedge

@HedgeDirty

1 year

They don't have any memories of the 20 years it took their parents to get there, and so have a skewed sense of just how long you have to grind before deferred gratification pays off

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Dirty Texas Hedge

@HedgeDirty

3 months

@mister_shroom Nope. I am not an MBA, for this exact reason. My point is merely that if you're looking at MBAs for an individual contributor who wants to earn their stripes, you're fishing in the wrong pond. The whole point of an MBA is to transition into social climbing corporate politics

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Dirty Texas Hedge

@HedgeDirty

4 years

“Expiry” for an insolvent ShitCo is when they become *illiquid*. Only banks and trade shops go BK immediately because only they become *illiquid* immediately Normal companies are not like that. Normal companies have fixed debt maturities and revolving lines of credit

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Dirty Texas Hedge

@HedgeDirty

3 months

Being able to start a business without having to ask permission to see if it aligns with the 20-year plans of city bureaucrats is called "freedom"

Jason DeRusha

@DeRushaJ

3 months

Maybe a decade ago we shouldn’t have let the Uber tech bros just randomly start a taxi company without figuring out how that was all going to work for our towns?

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Dirty Texas Hedge

@HedgeDirty

3 months

Everyone outside of that class had no idea that the competition was even ongoing. They showed up to the labor force having no clue they'd already been lapped 3 times by the striver kids before they turned 25

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Dirty Texas Hedge

@HedgeDirty

1 year

This is purely a gut feeling rather than any kind of serious analysis, but I don't think Europeans get how rapidly their place in the world is going to erode in the next few years, largely because they don't realize how quickly American interests are centering on Asia-Pac

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Dirty Texas Hedge

@HedgeDirty

4 years

Time to expiry: 931 days Did you really think execs with a captive board and vague performance targets will file before they have to? NINE HUNDRED THIRTY ONE MOTHERFUCKING DAYS That’s a looooong time ‘til midnight. Until then, you get to be short a 20-delta, 30-vol option

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Dirty Texas Hedge

@HedgeDirty

8 months

One of the recurring features of bureaucracy is that they will enforce trivial but legible rulebreaking much more severely than egregious but illegible rulebreaking

🅰️LB🅰️

@ALBACapMgmt

8 months

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Dirty Texas Hedge

@HedgeDirty

4 years

Stocks for optimists, bonds for pessimists. Value vs growth investors The options dichotomy is long gamma / short theta vs long theta / short gamma Both styles make money, but most traders can only do one effectively. You have to know your natural style

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Dirty Texas Hedge

@HedgeDirty

4 years

You will blame the Fed You will blame dumb and/or greedy bankers You will blame previous Fed presidents who have been gone for a decade You will blame hopium-smoking bagholders You will blame THE **UNCONSTITUTIONAL** FEDERAL RESERVE You will blame Gypsies

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Dirty Texas Hedge

@HedgeDirty

3 years

The WSB/GME business is a perfect distillation of populism: people with a vague but correct sense they get a raw deal but who respond with self-destructive nihilism aimed at purely symbolic targets because they are too ignorant and vain to prefer reality to self-righteous fantasy

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Dirty Texas Hedge

@HedgeDirty

3 years

Unpopular take: I'm straight-up, unironically, pro- American imperialism. The world's either going to run by our rules or China's

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Dirty Texas Hedge

@HedgeDirty

4 years

To summarize: You lose money if the price of oil for Dec 2022 goes up You lose money *at an increasing rate* if oil goes up You lose money if the *volatility* of Dec 2022 oil goes up You make money at the rate of 0.3 cents per barrel per day That is your position

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Dirty Texas Hedge

@HedgeDirty

6 months

Periodic reminder: one of the best risk-adjusted trades is finding a 3x levered & 3x-inverse levered ETF on the same underlying thing and short them both

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Dirty Texas Hedge

@HedgeDirty

3 months

Having done some merited slagging of MBAs, it's only fair I make clear the other side: who *should* get an MBA? 3 categories:

Dirty Texas Hedge

@HedgeDirty

3 months

@mister_shroom Why does that surprise or disturb you? The MBA degree is literally "Master of Business Administration". The entire point of the degree is to teach people how to be managers of businesses, not individual contributors to them. That's literally what an "MBA type" is supposed to be

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Dirty Texas Hedge

@HedgeDirty

4 years

An Illustrative scenario: $SHIT has with 80% prob an EV of $750M, but with 20% an EV of $1.25B. E[EV] = $850. However it has $1B of debt. At expected value (and median outcome), the company is insolvent. Which is why you’re short it. The equity should be worth nothing

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Dirty Texas Hedge

@HedgeDirty

2 years

No president could do this even if he wanted to. A modern president can never take even the slightest risk of becoming unable to command the nuclear deterrant

Stinson Dean🌲

@LumberTrading

2 years

“I wish our president would lead like this” -shows picture Zelenskyy near front lines, military geared up. You’re gonna need to vote for a young person if that’s what you want.

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Dirty Texas Hedge

@HedgeDirty

4 years

You are a long gamma trader You are in a short gamma trade And it will drive you insane Because being short gamma for two and a half years just to collect 0.3 cents per barrel per day is a shitty, shitty way to live

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Dirty Texas Hedge

@HedgeDirty

4 years

But that’s also not right, because options are not priced on expected value. They’re priced on volatility of the underlying and time to expiry. They’re worth quite a bit more than expected value. The equity is not a 20% 1-shot chance but a 20 delta option

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Dirty Texas Hedge

@HedgeDirty

3 months

One the things that was sociologically new about Millennials is that being the first generation raised after women entered high-achieving professions, it was the first to contain large cadre of people raised in double-professional-income households

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Dirty Texas Hedge

@HedgeDirty

4 years

SADDLE UP, COWBOY You may be short But you’re in for a long ride

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Dirty Texas Hedge

@HedgeDirty

10 days

There is a general point here: If you are a retail trader of *anything* you are completely, hopelessly outgunned by pros on the quantity, quality, and detail of data available from specialized vendors that you probably don't even know exist Your edge has to come from elsewhere

WTIRealist (Duvernay Lover)

@WTIBull

12 days

Alright, here's a bit on the tools that traders and professionals use to keep tabs on the oil market and drilling activity, and why you, as a retail investors, will never have an edge and should focus on the company fundamentals where you can win. While you're waiting for EIA

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Dirty Texas Hedge

@HedgeDirty

1 month

This is the essential difference between investing and trading. If you don't put on risk until you've done enough homework to have p=.95, you miss the trade. Trading is about putting on risk at p=.6 when the market is only at p=.3, then adding as your confidence grows

Daniel A. Saedi (DataManDan)

@TheRealDanSaedi

1 month

Now that I know Druck is using @perplexity_ai I know I’m onto something

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Dirty Texas Hedge

@HedgeDirty

4 years

A short gamma trade feels like prudently saving a little bit of money every day. Except every now and then a flashmob of delinquents pins you against a wall until each balltags you. They laugh because this shit is funny. Then they vanish with your wallet and the cops are nowhere

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Dirty Texas Hedge

@HedgeDirty

3 years

All that said, "We can stay retarded longer than they can stay solvent" is hands-down the quote of the decade

Dirty Texas Hedge

@HedgeDirty

3 years

The WSB/GME business is a perfect distillation of populism: people with a vague but correct sense they get a raw deal but who respond with self-destructive nihilism aimed at purely symbolic targets because they are too ignorant and vain to prefer reality to self-righteous fantasy

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Dirty Texas Hedge

@HedgeDirty

10 months

Is there a deeper humiliation for a CEO than to have the news of your resignation rally your stock?

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Dirty Texas Hedge

@HedgeDirty

1 year

The earliest pieces of writing known to mankind are Sumerian agricultural forward contracts

John Van Reenen

@johnvanreenen

1 year

Why food supply chains are at risk of ‘financialisation’ @supplymgmt on @cep_lse Jan Bakker

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Dirty Texas Hedge

@HedgeDirty

2 years

Can someone explain to me why companies are piling into what appears to be unsecured, zero-interest consumer financing in a high inflation environment?

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Dirty Texas Hedge

@HedgeDirty

11 months

As a big, longstanding fan of Michael Lewis I'm legitimately unsettled at the possibility he's Malcolm Gladwell

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Dirty Texas Hedge

@HedgeDirty

3 years

The simple guide to which private school in TX to send your kid when they don't make the top 6% cut for UT: If they love Jesus: Baylor If they love cocaine: SMU if they love both: TCU

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Dirty Texas Hedge

@HedgeDirty

1 year

RFK jr is one of the very, very few people whose career impact on the public discourse and public opinion in the United States is worse that Donald Trump's

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Dirty Texas Hedge

@HedgeDirty

1 year

This is not to dunk but to highlight an important point: There are a lot of jobs and careers that are the secular equivalent of going into ministry, but unlike actual ministry it's never made clear you're signing up for a life with around 1/3 the income of your social peers

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Dirty Texas Hedge

@HedgeDirty

4 years

He put on your trade, made the money you should have made, and YOU PAID HIM to do this Because he is a hardened psychopath long-theta guy with a FUCKING TITANIUM sack And you chose to be a neurotic pussy who overpays for tail risk

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Dirty Texas Hedge

@HedgeDirty

11 months

Gettting to run a TBill money market fund in a ~5% rate environment and not pay any interest to the fund shareholders because you called it a "Coin" might be the best scam-in-plain-sight I've seen in a long time

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Dirty Texas Hedge

@HedgeDirty

3 months

An unfortunate and frustrating but very real phenomenon is that your first employer has replaced your school as the principal reputation filter people use to vet you. The rational, safe move is to maximize the prestige of your first employer, then later hop to something riskier

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Dirty Texas Hedge

@HedgeDirty

2 years

I don't think there's any way to know for sure how Donald Trump would have handled the war in Ukraine, but the one thing I am absolutely certain of is that he would be apoplectic jealous of Zelensky being the star of it

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Dirty Texas Hedge

@HedgeDirty

4 years

Who are you? You are Righteous Vigilante, delivering to capital markets the justice no one else will. Vigilantes know in their bones justice must not only be merciless and dramatic enough to set an example, it must also be swift. Justice delayed is justice denied

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Dirty Texas Hedge

@HedgeDirty

4 years

appreciate all the new follows but I need some time and some cigs before I can perform like that again

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Dirty Texas Hedge

@HedgeDirty

1 year

An advice-for-youngins-starting-out thread, which I'll add to sporadically 1. Most industries are cyclical, and because booming industries hire the most aggressively and indiscriminately it is likely you are fated to get your start in an industry at a cyclical peak

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Dirty Texas Hedge

@HedgeDirty

4 years

Next, the revolver 10% drawn. Secured by the assets. 25 random regional banks, led by the Big Bank that also underwrote the notes and advised the M&A deal that’s sinking them. Renewed 2/15/2018, matures 9/15/2023 Fuuuuuuuuuuck

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Dirty Texas Hedge

@HedgeDirty

4 years

20-delta, 30-vol options with 931 days to expiry have meat in them. That’s why the market cap is $185m rather than $50m or $0 Ugh. OK. Wait, where’d that vol come from? Back up further. What’s the underlying? Oh, right… Duh

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Dirty Texas Hedge

@HedgeDirty

5 months

If people three handovers later are still using your sheets, then you have built a legacy

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Dirty Texas Hedge

@HedgeDirty

2 years

TASTE IT

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Dirty Texas Hedge

@HedgeDirty

9 months

You have not understood just how much cognitive dissonance the human brain can handle without impeding functional operation until you've met a very good petroleum geologist who is also a young-earth creationist

Nate Silver

@NateSilver538

9 months

On some level it's kind of amazing how well society functions despite people believing a lot of super dumb and fucked up shit.

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Dirty Texas Hedge

@HedgeDirty

4 years

OK then. When’s expiry? The fuck do you mean, “expiry”? It’s an insolvent company! It should be in BK! RIGHT THE FUCK NOW Oh, no. You silly child

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Dirty Texas Hedge

@HedgeDirty

11 months

An idea I'm throwing against the wall to see if it sticks: is "At age 40, could/can/will you be able to afford to live where you did at the age of 10?" a reasonable benchmark for career over/under-performance relative to whatever advantages/disadvantages someone inherited?

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Dirty Texas Hedge

@HedgeDirty

2 years

replies seem to misunderstand what I mean. I have no moral qualms with people making money, and I don't expect the market have sympathy with suffering What happened today was a brutally accurate realtime assessment that US+EU do not have the spine to do anything meaningful

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Dirty Texas Hedge

@HedgeDirty

4 years

You will blame Arthur Fucking Burns You will blame the UNSUSTAINABLE CREDIT BUBBLE INFLATING SINCE 1973 You will blame Marriner Fucking Eccles You will blame the (((GLOBALIST CABAL))) propping up markets in service to the BIldburger Group You will blame Armenians

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Dirty Texas Hedge

@HedgeDirty

4 years

The holders of debt have a 20% of getting all their money back, and an 80% chance of getting 75c on the dollar. They will price the debt at 80c, or a bit higher depending on the coupons

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Dirty Texas Hedge

@HedgeDirty

2 months

Not only do I not want to pay a 44.6% capital gains tax, I *really* don't want to pay that rate for holdings with a cost basis ~20% cumulative inflation points ago

Packy McCormick

@packyM

2 months

I don’t want to pay a 44.6% capital gains tax.

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Dirty Texas Hedge

@HedgeDirty

4 years

This long theta / short gamma life choice is much easier if you come from generational wealth locked up in a 60/40 portfolio in the trust fund that your father still won’t let you touch even though you’ve BEEN A FINANCIAL PROFESSIONAL FOR EIGHTEEN FUCKING YEARS ALREADY, DAD

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Dirty Texas Hedge

@HedgeDirty

3 years

there's a hilarious ignorance in being "anti-imperialist" and "anti-hierarchical" and then championing.... the Aztecs The Aztecs were so brutal their imperial subjects chose to side with Cortez of all people

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Dirty Texas Hedge

@HedgeDirty

3 months

@Steinernomics But you see, making student loans go poof is also illegal, by very recent scotus ruling, and for a president to do it arbitrarily fundamentally violates separation of powers by usurping a fiscal prerogative of congress

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Dirty Texas Hedge

@HedgeDirty

8 months

Every time an industry leader calls to be regulated, they are worried about competition and want the government to cement their incumbency with barriers to entry Every. Single. Time.

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Dirty Texas Hedge

@HedgeDirty

2 years

Imagine putting your money into an unregulated, uninsured, foreign-domiciled entity to invest in assets whose ostensible purpose is to undermine the centrality US Dollar in the global financial system and then expecting Umcle Sam to bail you out

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Dirty Texas Hedge

@HedgeDirty

2 years

Watching all the NYT readers shrieking in horror upon learning everyone who makes more than them works in businesses they scorn and lives in cities they sneer at is glorious

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Dirty Texas Hedge

@HedgeDirty

3 months

The thing about that game is that it is ceaselessly, remoselessly competitive, and anyone who came from the double-professional-parent background learned that implicitly or explicitly by middle school

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Dirty Texas Hedge

@HedgeDirty

2 years

Conviction is still believing in a trade after it makes the cover of Barron's

Javier Blas

@JavierBlas

2 years

Oh dear, Barron’s puts the commodities boom on its cover. Not as ominous as a The Economist cover, but still… (their full story is tittled “Why It’s Time to Invest in Commodities, and How to Do It” )

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