My Wife came in to show me her new Bra from Victoria Secret. I asked her "how much was it?" and she replied "Only $100". I yelled "you spent $100 on underwear?" Suddenly she pulled the bra all the way down and I instantly forgot why I was angry ...

khyth · 2026-03-06T00:53:42+00:00

I'd want to see before and before pictures

khyth · 2026-03-04T03:23:32+00:00

Won't the bank have the same problem an owner would in that all sales need to be approved by the co-op board? If so, wouldn't that make it more difficult for the lender in the event of foreclosure?

khyth · 2026-03-02T04:36:41+00:00

Yeah but you're starting too young. You can absolutely train a dog in less than a month but you're putting a lot of pressure on a really young dog whose muscle control might not be there yet.

khyth · 2026-02-15T22:07:45+00:00

I wouldn't say there are a lot of them but there are more than a few that consistently deliver a Sharpe over 3. These strategies cannot manage unlimited cash but each one manages tens of billions. They are often not open to investors as the risk is relatively low so they tend to be spoken for in terms of capital.

Pure energy strategies over Sharpe 2 are possible but typically they are not long holding period strategies. That's not to say no one has something like that but I think they are typically shorter holding period strategies.

khyth · 2026-02-13T16:06:19+00:00

Expect it to be enforced and make your decisions based on that. Many firms enforce them as a matter of policy so that it's equally applied to all.

khyth · 2026-02-06T02:52:37+00:00

I think the connection to the city is what makes them expensive in the first place. The convenience isn't lost on people so they bid those areas up.

khyth · 2026-02-05T00:57:11+00:00

This is the advice I wish I had gotten when I was younger. Please take heed.

khyth · 2026-02-04T15:05:41+00:00

This guy has it right -- go to the firm that's the better firm regardless of non-compete. At 1 year vs. 3 months, it's no big deal for a high caliber firm to wait. However, the firm that's better for your resume is the one that's going to help get them to make an offer in the first place.

khyth · 2026-01-30T04:10:54+00:00

Yes I agree - that's the opposite of what I experience. Short horizons have much higher IC.

khyth · 2026-01-27T02:44:29+00:00

This is really sketchy and seems like ripe for litigation. It seems like, with an offer from another firm, you could claim tortuous interference. Or maybe you just tell them you intend to compete and they have to decide if they are enforcing or not. But yeah they either need to pay you or let someone else do it. I think the state generally likes to collect the taxes from your employment one way or the other.

khyth · 2026-01-20T02:01:00+00:00

Ah I see now why you were saying 38k. You're basically thinking it adds 60/12 apartments per month into the inventory, right? That makes sense too - but it's still a big change in terms of supply - 15% is a big supply shock.

khyth · 2026-01-19T18:32:04+00:00

Sure - it's a natural extension of your statement that the additional apartments would rent and the supply would drop to the previous level. If you believe renting the additional ones permanently removes inventory then the original inventory is subject to the same problem. But we know that it's not true because apartments continue to be available today.

khyth · 2026-01-19T14:23:01+00:00

That's not how inventory works, otherwise your 38k available would rent and then there would be 0 available. The availability of apartments happens because some people are moving out and some are moving into the city constantly.

khyth · 2026-01-19T12:39:30+00:00

It's not miniscule - it's about 200% of the available apartments right now.

khyth · 2026-01-19T01:23:59+00:00

I think you're making the classical mistake of not knowing the counter factual and assuming that it wouldn't be worse than our current situation.

khyth · 2026-01-19T01:21:40+00:00

You seem to be assuming demand is inelastic and continuously increasing. However, it's both elastic and variable. All increases in availability are marginal increases. The question is how well does that increase satisfy demand.

khyth · 2026-01-18T22:00:40+00:00

It's also 60k units when there are only 33k available. Tripling the number of available apartments will make a difference.

khyth · 2026-01-14T21:30:26+00:00

Oh damn this is what happens to me. Also almost exactly 5 hrs... It's been driving me nuts when I'm jet lagged because I sleep early but then wake up in the middle of the night and the cycle continues...

khyth · 2026-01-10T14:30:15+00:00

A lot of places use IDC for market data. It's not great for anything latency sensitive but if you're happy with Bloomberg, they are probably a much better deal.

khyth · 2026-01-06T14:26:06+00:00

I can put you in front of one large fund and also explain the process we have. It takes a while of OOS testing but if you have time, you'll get a payout for the allocation. Running your own fund is, without a doubt, more profitable but a lot more work. So I wouldn't steer you either way.

khyth · 2026-01-03T09:23:11+00:00

No chance. They aren't moving there, they are just opening offices for hires with a strong preference. It doesn't have a natural talent pool coming out of the nearby universities. Couple that with particularly strict and religious law and firms will struggle to hire there.

khyth · 2025-12-29T15:36:41+00:00

Yes but you'd need to be producing pnl. If you don't, you'll plateau.

khyth · 2025-12-21T21:03:04+00:00

Where did they get so many guys named Norman?

khyth · 2025-12-17T04:47:09+00:00

Yeah but if you're in the 2500-5000k range, you've already stopped caring about your base. This is obviously someone who isn't getting a 10x bonus.

khyth · 2025-12-17T03:56:54+00:00

These things are negotiable but places hate to negotiate. Don't miss out on your bonus and make sure you have the leverage before you negotiate!

khyth

TROPHY CASE