25_01_16_investing

every PA is running an unconstrained go anywhere hedge fund. no mental mandate just a sequence of algo served ideas and hot reddit picks. the more cynical of these people judge themselves vs how the spx does and with no other way to know if they are close or far just buy spy.

the universe for PA girl are exchange traded things and if your big enough then some otc fun as well.

institutional girls get access to all the bets. wall street is there for you like that. knock in out 3x3 payer swaption sub resid on whatever the mother fuck they will do that for you and come to you with the idea if you hadn't thought of it yourself. which of course you didn't but you can't say you don't understand that's embarrassing.

so retail guy has access to all the things worth betting on. the triple inverse vix etf is a more legitimate investment than your cousins car wash off lincoln. no matter what he tells you. ive saved rappers billions of dollars off avoiding this trade in the last few months.

institutional guy is doing some closet index thing so she doesn't really count and then the unconstrained macro guys again have infinite ways of expressing the trade so they make it harder for themselves and they get lost in all the ideas and ways of expressing.

PA girl has a smaller universe so that's better but no framework other than all in on spy or list of {names, weights}.

sizeable PA guy often very smart successful lucky in whatever thing but not good at the PA.

one guy was leading male in seven year running prime time sitcom paralyzed because investing is hard so gave to x guy to take care of then poof it was gone and next thing you know he's at Dan Tana's begging for work. you know the story. similar for NBA guy and NFL guy. MLB too but they make too much money it's harder.

investing is hard.