exHFguy1

Finance people don’t think this type of behavior is OK either despite the ridiculous views of some people here.

BTW, I could similarly make ridiculous statements about technologists or scientists.

I’ve worked number of places and can’t think of a single person out of hundreds that would think this behavior is OK.

BTW, given nature of gold (an element) vs diamonds (carbon in a particular structure), would consider gold as more reliable store of wealth. Hard to imagine cost effective way to make gold. but there are no guarantees.

Diamonds worth a lot then and now. May not be the case in the future with improved ability to manufacture.

Agree 100% with this. 13Fs are not indicative of most HFs actual bets. Especially if they are running strategies where a bet consists of a bundle of securities (Eg convert arbitrage).

Also, Given delay in reporting, you’d just be getting in after they get in and likely they get out before you do. So the aggregate impact costs from this strategy becomes their alpha. Hence why some of these LS guys always talk up their positions.

Big difference between lobbing bomb briefly into space and putting someone on the moon.

How many innovations between the first thing and the second?

I will give you many same people involved.

Change in amount money available relative to goods/services available causes inflation/deflation

Money and credit can both can be used to buy goods/services. Role of credit here is/was underestimated by economists.

In 2008, bunch of credit was destroyed. In response, central banks printed money, bought assets These things generally netted out.