Joined September 2022
I will die and so will you. When we die, we will not be judged on the money we made or the things we owned or how cool we were. We will be judged on how we loved. The 7 corporal and spiritual works of mercy are Gods blue print on how we are to love and on what we will be judged on. The 7 corporal works of mercy are: Feed the hungry, give drink to the thirsty, clothe the naked, shelter the homeless, visit the sick, visit the imprisoned, and bury the dead. The 7 spiritual works of mercy are: Instruct the ignorant, counsel the doubtful, admonish the sinner, comfort the sorrowful, forgive injuries, bear wrongs patiently, and pray for the living and the dead.
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Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution; it represents the wise choice of many alternatives - choice, not chance, determines your destiny. - Aristotle
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How to analyze a business, FAST: Study these 12 accounting ratios.
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ftxuser pro retweeted
Time complexity of 10 #MachineLearning algorithms in a single #infographic Source: linkedin.com/feed/update/urn…
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Planck's Law (black body radiation) describes the electromagnetic radiation emitted by a black body in thermal equilibrium at a definite temperature. It is fundamental to the field of quantum mechanics.
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The 5 competitive forces that determine industry profitability by @MichaelEPorter
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Warren Buffett on the most important quality for an investment manager
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Soros: Anatomy Of A Comeback
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ftxuser pro retweeted
Upper bound differential entropy of any random variable X by differential entropy of *any exponential family* for the moment parameter η=E_X[t(x)] where t(x) is the sufficient statistics of the exponential family {p_θ}: H(X) ≤ H(p_θ)=-F^*(E_X[t(x)]) 👉arxiv.org/abs/1612.02954
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Trading in the Zone by Mark Douglas Summarized in 20 quotes so you don’t have to read it 🧵 $SPY $SPX $QQQ $NVDA
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Bayesian data analysis is a fundamental concept in data science. But it took me 2 years to understand its importance. In 2 minutes, I'll share my best findings over the last 2 years exploring Bayesian Modeling. Let's go. 1. Why Bayesian Data Analysis? Bayesian modeling is a powerful tool in statistics and data science, especially where traditional approaches fall short. It avoids arbitrary assumptions and provides distributions of possible values instead of just point estimates. 2. Bayes Theorem: Bayesian modeling is based on Bayes’ theorem. Bayes' Theorem provides a mathematical formula to update the probability for a hypothesis as more evidence or information becomes available. It describes how to revise existing predictions or theories in light of new evidence, a process known as Bayesian inference. 3. Simplification of Bayes’ Theorem: Since X (data) is not dependent on θ (the model) and can be hard to calculate, Bayes’ theorem is often simplified to P(θ|X) ∝ P(X|θ) × P(θ), meaning the posterior distribution is proportional to the likelihood times the prior. 4. From Bayesian Theorem to Bayesian Modeling: Bayes’ Theorem provides a process for constructing a Bayesian model. Combining key ingredients: Likelihood and Prior distributions to produce Posterior Distributions. 5. Calculating the Posterior Distribution: There are two main methods: direct calculation using complex equations, and simulation methods which create samples from the posterior distribution for summarizing information about parameters. Many software programs like PyMC, Brms, and Stan use sampling methods such as Markov Chain Monte Carlo (MCMC). 6. Advantages of Bayesian: The Bayesian approach allows for direct inclusion of prior knowledge, transparency in modeling steps, and provides broad information about the problem, including risks, uncertainty, and variability. 7. Business Cases: Any time knowledge of uncertainty is a business requirement, Bayesian modeling can benefit the business. This includes Demand Forecasting, Pricing Strategy Optimization, Customer Analysis, Credit Scoring and Financial Modeling. Businesses need to know not only a point estimate but the risk or confidence of the prediction. === Need help applying data science to business? I'd like to help. Here's how: 👉 My Free 5-Day Course (How to Solve Business Problems with Data Science): learn.business-science.io/fr… 👉 Learn ChatGPT for Data Science (Live Workshop): learn.business-science.io/re… If you like this post, please reshare ♻️ it so others can get value (follow me, 🔥 Matt Dancho 🔥 for more data science concepts).
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Aharonov-Bohm Effect: This quantum mechanical phenomenon shows that an electrically charged particle can be affected by an electromagnetic field, even if the particle travels through a region in which both the magnetic field and electric field are zero.
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There are particles that are their own antiparticles. For example, the Majorana fermion, predicted but hard to confirm in experiments. Because their quantum states are not easily disturbed by environmental factors, they could allow for the development of topological quantum computers, which would be more stable and error-resistant.
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EVERY prop shop / fund I speak w has revoked remote work for trainees bc their data shows it hurts learning / pnl. Yet most of retail trades alone at home. What do the pros know about collab & enviro that retail doesnt? How can YOU level the playing field? FIND YOUR POD!
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“Early on, write your desired obituary – and then behave accordingly.” Some great aphorisms from Charlie Munger aggregated in this year’s Berkshire letter.
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Maybe your trading career is NOT as an individual trader, but rather teaming with another trader(s) to find success. #intradaytrading #DayTrading
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ftxuser pro retweeted
Closing is scheduled, permits next week, construction begins in a few weeks. This is the view from the tap room. We’re adding a private party room and the front will be a 2k sq ft patio. I been working and dreaming of this for 10 years. Never quit. Let’s F’ing GO
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This was about GME. Now 25
Gamma squeeze 101. Let's say you and your pals own 1 million shares of stock at 190 and you think today is both a good day to pump and a good day to dump your stock based on some news, an 🍦, or something random. You can engage in a gamma squeeze. Here's how
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Is long a huge position they can pin the stock to a specific price. When meme guys gamma squeezed the market makers they introduced large volatility into the stocks. Here are both thread
Option pinning 101. This is a complex topic that most people use graphs to explain. I am going to keep it simple. Pinning occurs when the activities of those who hedge long options position dynamically tend to force the price of the underlying to the strike price of the option
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