Risk arb and event driven. I also write a blog about cooking and gastronomy.
Joined July 2015
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So, I made a Substack. It has nothing to do with finance, but I'm posting it here anyway.
In short, I cook recipes from Michelin-starred restaurants, tell you about the dishes, and distil them into easier, accessible versions you can make at home.
lecordonbong.substack.com/
Bong Capital retweeted
Harley Bassman sued Simplify Asset Management earlier this year.
Now he's escalated his clash with the ETF issuer, saying in a letter to other Simplify shareholders he's "deeply concerned" with its management
One of the issues he raises: The firm's $14b AUM may be overstating its growth thanks to "Russian doll stacking"
My story today: bloomberg.com/news/articles/…
You wouldn’t know these pods, they go to another school.
We’re at dinner, 5yo kid next to us has spent the last 3 hours on his dad’s phone on just 2 apps - Chess.com and iOS Calculator. How early is too early to recruit a quant?
Should have gone with Jain Street.
*JAIN GLOBAL TO RETURN CASH, EXCLUSIVELY MANAGE MILLENNIUM MONEY
Very disappointed he didn’t name it Jain Street Capital.
bloomberg.com/news/articles/…
Bong Capital retweeted
This academic paper says Polymarket earnings forecasts are more accurate than 1) analysts 2) bias-adjusted analyst forecasts 3) the firm's historical beat rate
But it also says this mightttt be coz of insider trading at a particular auditor
Iran should offer monthly / annual subscriptions to shippers and IPO the business.
Strait of Hormuz as a Service: a critically strategic and scarce asset with strong pricing power, recurring revenues and highly captive customers.
“PE IRRs are not fake. They are fully audited and overseen by the SEC.”
First, PE IRRs are not fake. They are fully audited and overseen by the SEC. Claiming they are fake is just non-sense.
Second, it is clear you have never been on the board of a publicly traded company. The governance is essentially non existent. Some do end up with great CEOs. But when they don't the board does little about it.
Third, I rarely see claims made about PE volatility. There is really no way to measure PE volatility so any claims about PE having lower vol are obviously wrong. But once again I rarely see it....
Got a long wait at the airport, AMA about cooking / merger arb / pod shops.
(Probably won’t answer in detail about single names or comp but you can try asking)
The #2 ranked vestmaxxing finance bro Tommy Doherty just BRUTALLY SLEEP MOGGED the investment banking analyst Mason Clarke, spiking his cortisol levels harder than a “pls fix” at 2.45am.
Meet Wall Street's baby-faced new finance bros - they flash $10K Rolex watches, wear Celine suits and say life in NYC costs too much trib.al/Ol2eOKa
I want a burrito for lunch.
Hey @grok, just build the driver and restaurant network, then transact with each restaurant and delivery app’s bid, and run a second auction with delivery drivers for fulfilment thx.
True story: our first date took place on the day of the biggest P&L loss of my career and @justinaknope thought I was in a good mood that day.
every evening I put @BongCapital to the test by trying to guess his daily P&L based on how he says "hi" when he gets home
Bong Capital retweeted
How are sports betting sharps adjusting their strategies for prediction markets?
@iboudway and I spoke to @RufusPeabody @goldenpants013 @DeRosa_Antonino (and many others who didn't make it into the piece) for tomorrow's Bloomberg Big Take
FUN MARKET STRUCTURE STORIES DO EXIST 👇
My “The NVIDIA-OpenAI deal has zero impact on our financial relationship with OpenAI” T-shirt has people asking a lot of questions already answered by my shirt.
Hey Bill, this you?
This could be the most pathetic reporting I have seen. The reporter calls the daycare centers to ask them if they are legitimate. I kid you not. How is this supposed to determine whether fraud is taking place? Are they expecting the centers to say ‘Yes. We are committing fraud.’
Six of seven don’t even answer the phone.
The media has and continues to fail us.
