Praf @askPraf

@com_oceania @CasuallyGreg My god u r regarded, go travel other countries to see what a service actually is. Getting food to the table is considered service in America, laughable!

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Praf @askPraf

4 weeks ago

@Kngsolo305 @kostakent @KP_Sancak @OurSonTheMotel @CasuallyGreg U must be regarded, I’ve eaten 100x better food w100x better service in countries without tipping culture. Go travel

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Praf @askPraf

4 weeks ago

@FirstSquawk Why do give grant cardone any visibility here

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Praf @askPraf

4 weeks ago

@justinmilleresq Don’t hate the player, hate the game

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Praf @askPraf

4 weeks ago

@devahaz U must be regarded to have that take

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Praf @askPraf

a month ago

@goodalexander @sama Did u run different agents for design, build, test, validate? Or one shot it? Any best practices?

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Praf @askPraf

a month ago

@mitsuhiko The idea is to keep more builders, the people who are left will be graded on how well they build, any manager that didn’t get fired will get fired if they don’t build well

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Praf @askPraf

a month ago

@Molson_Hart U just described most of US

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Praf @askPraf

a month ago

@chamath Cool story bro

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Praf @askPraf

a month ago

@TMTLongShort Bitcoin solves this

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Patrick OShaughnessy @patrick_oshag

a month ago

Paul Tudor Jones says the US is more dependent on equity prices than ever, and explains what a 35% correction would trigger in the economy: "We're 252% of stock market cap to GDP. In 1929 we were 65%. In 1987 we got to ~85-90%. In 2000, 170%. If you think about the periodicity of significant bear markets. Since 1970, we get a mean reversion about every 10 years. Let's say mean revert to the past 25 or 30-year PE. That would be a 30, 35% decline. Well, 35% on 250% of GDP is 80, 90% of GDP. 10% of our tax revenues are capital gains, they go to zero. So you can see the budget deficit blowing up. You can see the bond market getting smoked. You can see this kind of negative self-reinforcing effect. In the stock market, we're over-equitized as a country. We have the highest individual equity weightings in the history of the country. And then the real problem is if you look at private equity in 2007-2008, that was about 7% of institutional portfolios. Now it's about 16% of the institutional portfolios. We're so much more illiquid than we were in 2008. The problem is that if you buy the S&P at this current valuation, the 10-year forward return is negative when you buy the S&P with a PE of 22. That's what history shows. So yes, the S&P is spectacular long-term, if you have a hundred-year view. But that's because that's an average of a hundred years, including times when the S&P 500 PE was 6, 7 and 8, or one third of what it is right now. Valuation matters a lot, and the stock market's really high and it's gonna be really hard to make money from here with any kind of long-term view."

Patrick OShaughnessy @patrick_oshag

a month ago

My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time. He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100%