qm
@quantymacro
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self taught hedge fund quantitative macro tradooor. chief ridge officer. writes (allegedly) advanced quant stuffs on blog. research articles in highlights tab
Joined March 2023
well this is a bit awkward bcs I've had this tweet scheduled for Fri afternoon but woke up on Fri morning to this & influx of DMs/new subs. I guess that's kinda what the universe is going for so here it goes. long announcement: I’ll be taking an indefinite break from writing the
Just got sent a pdf of an absolute banger article by @quantymacro I don't know where it came (hence no link) from but I'll be subscribing to his substack post haste
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if you pass the first round interview in investment bank or PE that’s a huge negative signal bcs why would you wanna do investment banking or PE
Most of you wouldn’t make it past the first-round interview at a major investment bank, let alone PE or a hedge fund. You punted some crypto in a bull market, made a bag, and now think you’re a genius. You were mostly lucky What’s wrong with his argument? Oh, checks notes…
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slightly related:
looked through some student CVs for quant roles. IMO a quick (& extreme) heuristic is that if your experiences can also be written in someone else’s CV, they’re too vague/not specific enough “utilised ML techniques to develop quant strategy” isn’t rly saying anything. gl all🙏
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I like this post. IMO applicable to junior roles as well to certain extent. also it makes me realise that I still have a long way to go since I’ve never even thought about some of the questions. follow @systematicls and he might drop a thread on combining 100 million alphas
Let’s say you are a quant researcher and you want to make the leap to being a systematic PM. Let me tell you that the name of the game is to reduce the interviewer’s perception of how many unknowns they have to deal with. --- If you were an experienced PM, the expectation is
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all good now since not long after that I figured out the answer to what I realised was an extremely stupid question. maybe if my question was less stupid he would’ve given a proper answer
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when I was a 1st year student I read a quant fin paper by a prolific author & emailed to ask qs I wasn’t expecting a response — kids normally just get ignored anyway. but to my surprise he did reply he said “I will not be answering any qs unless it’s part of paid consulting”
The Forbes cover piece mentions how I was emailing the SEC as a kid Here it is, October 2013. Little did I know... What people call an "overnight success" takes a decade. And still a looong way to go
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this is 9/11 for macro bois. even the Head of Macro only has $5k in the bank. way below the poverty line of $140k. if you’re in d*scretionary m*cro pivot to onlyfans now
Greenlight seizes $5,061 from Fishback's bank account The latest developments: The "Out of Country" Bluff: James Fishback delayed a deposition claiming he was abroad. Under oath later? He admitted he was just home in Florida.
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otw to work I walked past Rishi Sunak. ntg happened. such a missed opportunity. could have had the chance to talk to one of the most prolific figures that changed the trajectory of United Kingdom of Britannia, but he just walked past quantymacro. you snooze you lose Rishi boy
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don’t be so harsh on the macro bois arguing that $140k is the poverty line. have some empathy and compassion. that’s their TC this year.
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(your daily sharpe * sqrt(252)/2)+7
You're a 40-year-old man. What’s the youngest age you think is appropriate for you to date?
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also shows you path dependency in trading career. one path you might end up becoming a multi-millionaire. the other path you might end up having a twitter account with a dinosaur pfp
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one of my best friends just accepted 7figs offer and honestly couldn’t be happier for him we actually started learning trading together at the same time back in the trenches and the ghettos where we were struggling with pandas index
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if you’re a male in your 20s go wash your winter coat that you haven’t washed for 5 years before taking it out for this winter you lazy filthy ebola-carrying animal go into debt if you have to
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> *googles high paying jobs* > “uh this lawyer thing sounds a bit gay” > “ew this consulting thing is rly gay” > “wow how is it possible that investment banking is gayer than gay porn” > “guess trading it is”
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really sad to see how quickly society forgets. I’m not even American, and I was just a baby when it happened. but it’s sad to see how NO ONE is talking about it today, given how many lives were lost on 9/11 and the aftermath of it. sending love to all from the UK ❤️
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just ran the numbers for today lighter is discretionary L/S with 3.5:1 ratio of L/S. rly surprised I didn't get rinsed variational is systematic "poor man's tail hedge". the hope is to make small rets in up market and huge rets in sell-offs. running at 1:2 L/S ratio. got lucky
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PSA to all brypto traders: in light of the brypto nuke, Hugh Grant is seen walking around rizzing brypto traders’ gfs. if your portfolio has nuked >20% your relationship is seriously at risk. fortunately I’m up today so this big dawg ain’t sweatin but all of you pls be careful
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I'm doing some manual click trading HFT arbitrage and I can see on-chain there's one other guy doing this as well and why the hell does he have to be in the same time zone as me fine bruv you can take it what a loser spending the weekend trading get a life mate
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here’s the actual email translation: Dear Candidate, Although your previous experience at Stratton Oakmont is very impressive, unfortunately we are no longer hiring for the position “Quantitative Trader - Indian Options” due to a change in direction. We wish you all the best.
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Whenever you deposit money into user pools, keep in mind you’re basically trusting someone else with your money The “Pikachu Pool” from the user “Pasta Capital” got wrecked in minutes $80K turned into $8K after one bad BTC trade @Lighter_xyz
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