pretty crazy that CCC OAS is only 952 — putting you somewhere around 14-15% for shitty paper

buy eth instead. its up and to the left of the capital line, with a return distribution positively skewed. 

basic framework: is the delta in demand for eth blockspace >15%? Open up that levered long.

bull run = so back

the fact that you can get emerging markets index exposure at 7.8 times and 2.0 P/B is remarkable

US Equities are the most relatively expensive they have ever been, ever. 

From a timing perspective, probably best to open up a overweight EM tactical trade (especially with china A down 10.4% in Jan).

glad i put this trade on this year. sometimes you just have to wait 🙂

Degentlemen

your alpha is just levered beta

we are not the same

gm

blink 182 blasting in my childhood bedroom; waiting for market open 

about to unload my now itm $COIN calls 

"only here for the vibes"

lol’ing at the fact i have emerging markets equities exposure right now

yeah, lets support a communist regime (~40% of the index) and not freedom coin

oh well

this was in fact a good trade.

officially closed out

venturecapital

finance

A “Risk Tolerant” Channel

education

i miss receiving formal education. getting wow'd by math professors was the best.

poker

tricks with polynomials. Computational monadologist. Prev: ML HealthCareInc 🦄 | R&D PeopleFund | AI & Stats lecturer

/new-york by day 🗽 /latenightcrew by night :) Fan of eating tacos and bringing people together, often at the same time 🌮 oh and /untzuntz 😈

i still dont think we know the full magic of them 🙂

Running

need a new daily trainer (about to hit 300mi on my current)

any suggestions?

once we start to explain lsts as akin to a pik bond, more people will start to understand

messari

who’s in NYC for Messari this weekend?

would love to connect!

reply guys

ill try not to light $20k worth of eth on fire buying “digital artwork” this cycle

⛳️🏴‍☠️
/goose /golf /tarheels /pins /pizza

the reality is, outside of bitcoin as a “digital store of value” - most of my normie friends still dont give a shit about crypto

ggarrett

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

i try not to think about it

pick the thing and run with it. all alternative paths are out of your control

thinking in terms of opportunity costs will likely lead to apples to oranges comparisons - leaving you wondering, what if?

explore, fail, learn, try, grow - itll all work out

would also love to ctrl+pgdn and not be redirected to my other tab every time. working in Sheets is a nightmare of a transition.

ideally, someone creates a plugin (id probably pay $10-20/mo/user) that ports all Excel shortcuts over to Sheets

Books

Reread “Good to Great” this week

Biggest takeaway this time around: 

- Don’t hesitate to cut loose those who can’t perform. 

-Better for the org, better for the person.

chad.degen.eth // Current: BizOps @ Alluvial,
Prev: Cambridge Associates, 6th Man Ventures, Blockworks, Amherst Math & Econ /observations

Chad🎩

@chad