IShowSpeed BEGGED his chat to let him eat level 4 and level 5 at the same time, just so it would be over faster
There was no milk in the house
One of them ended up flat on the floor 😭
IShowSpeed just ate the DEATH NUT live in front of 75,000 people
Level 1 is Carolina Reaper and Chocolate Bhutlah. There are five levels
He was already begging for milk before level 3 😭
4
308
A five-and-a-half-trillion-dollar industry runs on one product it never advertises: your silence, for life.
Join a fund that found something real, a former Morgan Stanley trader told a room of MIT students, and they will ask you to sign a lifetime non-compete.
Walk out and you still cannot say a word of what you learned.
Then a student asked the part nobody puts on record. If they own your silence forever, does the money come forever?
Pause at - 26:11
"Not a lifetime, unfortunately."
Four words, a half-smile, and he was already changing the subject. No elaboration, no joke, straight back to the slides.
Jake Xia can afford that shrug. Seventeen years trading at Morgan Stanley, head of global structured rates, then chief risk officer of Harvard's endowment, the largest university fund in America.
This week Citadel priced the short version of the same trade:
non-competes of up to two years for investing staff, analysts included, and the more you earn, the longer you sit out.
Nobody has ever clipped those four seconds. They sit twenty-six minutes into a free lecture on MIT OpenCourseWare that 351,000 people have opened since December.
2
11
473
he richest man on earth needed the question read back to him, and then asked a third time.
Bill Gates, 42, one fixed camera, about 20 hours of this ahead of him.
pause at 0:52, watch his face when the lawyer starts counting.
"let me re-ask it for the third time now and see if I can get an answer."
the lawyer is Stephen Houck, for the plaintiff states. the clock in the corner reads 10:01 in the morning.
the government ran the deposition tape in open court until Judge Jackson laughed out loud from the bench.
on June 7, 2000 he ordered the company split in two and called it untrustworthy. an appeals court threw that order out a year later.
a transcript keeps what you said. a camera keeps whether you were answering. only one of those decides anything.
4
267
$5.00 for a jar holding $2.07, and a Yale lecture hall applauded the buyer before anyone counted it.
Ben Polak, Yale, 2007, the last lecture of ECON 159, real cash on the table.
two rows of students shook the jar, wrote down a guess, then wrote down a bid.
highest bid takes the coins and pays what it wrote.
pause at 12:49, watch what the room gives the winner for it.
she bid $5.00 because it looked like about five dollars in there.
the jar held $2.07, and she owed him the difference in front of everyone.
every guess in that room was the truth plus an error.
the auction never hands the jar to the best guess. it hands it to the largest error.
the fix is one line. bid the number you would say if someone had already told you your guess was the highest in the room.
"If you don't do this you'll win a lot of auctions, and you'll be very unhappy."
minutes after teaching them that, he ran the same auction on a second jar.
winning bid $1.60. the jar held $1.48. the winner had shaded nothing.
in the same hour he aims the sam$5.00 for a jar holding $2.07, and a Yale lecture hall applauded the buyer before anyone counted it.
Ben Polak, Yale, 2007, the last lecture of ECON 159, real cash on the table.
two rows of students shook the jar, wrote down a guess, then wrote down a bid.
highest bid takes the coins and pays what it wrote.
pause at 12:49, watch what the room gives the winner for it.
she bid $5.00 because it looked like about five dollars in there.
the jar held $2.07, and she owed him the difference in front of everyone.
every guess in that room was the truth plus an error.
the auction never hands the jar to the best guess. it hands it to the largest error.
the fix is one line. bid the number you would say if someone had already told you your guess was the highest in the room.
"If you don't do this you'll win a lot of auctions, and you'll be very unhappy."
minutes after teaching them that, he ran the same auction on a second jar.
winning bid $1.60. the jar held $1.48. the winner had shaded nothing.
in the same hour he aims the same arithmetic at oil leases, baseball contracts, and the price of every company that goes public.
you did not win because you saw it more clearly. you won because nobody else would be that sure.e arithmetic at oil leases, baseball contracts, and the price of every company that goes public.
you did not win because you saw it more clearly. you won because nobody else would be that sure.
1
3
294
$100 billion came out of proving that the first thing every finance class teaches is false.
Jim Simons says it on camera without raising his voice once.
pause at 9:00, that is where he explains what he replaced it with.
"the price is always right in some sense. but that's just not true."
the part nobody quotes is what came after. he did not find one crack in the market. he found a pile of them, and said out loud that not a single one was big enough to matter on its own.
between 1988 and 2018 the fund he built pulled more than $100 billion out of the markets. 66% a year before fees, 39% after, and exactly one losing year in three decades.
one of his own executives later put the firm's hit rate at 50.75%.
that is the whole machine. barely better than a coin flip, collected often enough that the coin stopped deciding anything.
the theory was never wrong about the big money. it was wrong about the small edges nobody bothers to pick up.
3
352




