Phil Notes @philnotes2017

Investing notes and other readings. Joined August 2017

Tweets

2K
Followers

331
Following

3K
Likes

16K

Phil Notes @philnotes2017

a week ago

Those with parentheses beside their names are the losers here

derek barry miller @omniderek

2 weeks ago

This looks like a festival lineup 😭😭

178 198 7K 3.0M 998

0 0 0 27 0

View Details

Truth bomb. Like much of middle management in Corporate America, who are incompetent but good at playing politics, credit stealing, gaming metrics and selling to their bosses while not adding any value, most hedge funds aren’t actually good at their jobs but are fantastic at marketing to investors. I've found the best alpha investors are often the worst at marketing themselves.

TBPN @tbpn

a week ago

Hedge funds are trying and failing to hire prediction market sharps. "We are just getting crushed by these sharps," said Susquehanna's Jeff Yass. @iscoe tells the story of a guy who's made 7 figures trading Rotten Tomatoes betting markets, and rejected an offer from SIG: "He

33 37 1K 188K 839

4 6 85 20K 35

View Details

Phil Notes @philnotes2017

4 weeks ago

@haha42815322 @jhong Because he’s being real

0 0 0 7 0

View Details

Phil Notes @philnotes2017

4 weeks ago

@jhong Actually he is telling the lady in Taiwanese “why do you have to say it?” , after she said in mandarin that he had visited a different store on a previous visit. It sounds like someone he knows, is part of his crew, and he’s speaking to her in their own language to warn/nudge

0 0 0 57 1

View Details

Jerry Capital @JerryCap

a month ago

You all want to be Buffett but none of you are willing to sell AI stocks right now

Jerry Capital @JerryCap

3 years ago

You all want to be Soros but none of you are willing to buy an AI stock right now

9 6 184 133K 11

24 16 392 45K 16

View Details

Phil Notes @philnotes2017

a month ago

@bryanrbeal @ANGELO305Real Also, in the early to mid 2000s, there was standard economy. Then the flight was cancelled for a few years because it wasn’t profitable (?). It came back with the retrofitted plane, with improved economics. They realised enough people were willing to pay.

0 0 1 43 0

View Details

Phil Notes @philnotes2017

a month ago

@bryanrbeal @ANGELO305Real I took that flight recently. Now I know why it was flying at a lower than usual altitude for the first leg!

1 0 1 36 0

View Details

Phil Notes @philnotes2017

2 months ago

@ejames_c Just playing the odds. Rank industry size and opportunities. The rational choice for a bright young person will likely be a job in an mnc (faang , investment bank, etc), or the gov, and not to start a biz that justifies VC investment. Much less where one education is not an adv

0 0 1 51 0

View Details

Phil Notes @philnotes2017

2 months ago

@ejames_c very much agree. this is disadvantageous to the youth in sg though. whose edge (young, motivated, digital native, globally exposed) is eroded by the countries' size and constraints. a top student in any local uni won't be the best next person starting an injection mould co

1 0 0 111 0

View Details

Phil Notes @philnotes2017

2 months ago

@Restructuring__ could it not just be that having GS on your resume (and the correct department) helps you raise money. i see billion dollar funds, and i immediately wanna know their long-term returns. so many don't beat the index.

0 0 0 1K 1

View Details

Phil Notes @philnotes2017

2 months ago

@screenfacer @HF_Trader what i've noticed that makes a big difference is what each person actually wants. many want a more peaceful life (and still extremely comfortable), which is the rational choice.

0 0 1 13 0

View Details

Phil Notes @philnotes2017

2 months ago

many joined the scholarship system and that set them on a different path entrepreneurship for us is non-obvious, and would have been an extremely non-rational choice, enough such that entrepeurship does not attract the best.

0 0 0 45 0

View Details

Phil Notes @philnotes2017

2 months ago

tracked backed all the olympiad guys from around my year in singapore. they are doing well but not like this. there's something to be said about growing up in a huge economy / country.

Scott Wu @ScottWu46

2 months ago

Craziest part is we all knew each other already in high school! Along with @randomjohnnyh (Perplexity cofounder), @demi_guo_ (Pika CEO), @stevenkplus1 and Andrew (Cognition), and many others. We all grew up in different states but met thru the olympiad scene. Vividly remember