97 karma · joined November 8, 2021
"Sit on a couch and look at a wall"
to
"Laying on the couch and looking at the wall"
loses a lot somehow in a hard-to-pin-down way. It's almost an impressively efficient butchering
What're you basing this on/how're you defining the growth rate here? Not rhetorical, would be interested to see your data since it seems quite a common argument to hold that it's slowing in lots of areas
Your sentiment is a really common and insidious one that way too many people use to feel smug and "rational" about being mean
If it were legal to take a short position in a company and then take actions which blew the company up AND there existed cost-effective ways to do so, then you would definitely have seen more legitimate companies taken down by short-attacks. In contrast, here you have an entity where (a) there isn't the same legal safeguards and (b) there exists a claimed cost-effective way to tank the entity after taking a short position
If you disagree with (a) or (b) empirically then cool but it's clearly a totally different scenario to regular companies
It's quite noticeable on Twitter too where he seems to increasingly have very confident diagnoses on everything from geopolitics to culture war nonsense to genetic engineering.
Funnily enough a friend said something lately about SlateStarCodex (or ACX now) - I wonder if getting that much positive feedback on your musings just inevitably starts convincing you everything you think must be just as insightful
E.g knowing what's causing missing values in your data and what implications various fixes on that might have on bias in your linear regressor is probably way way more valuable than fitting some shiny non-linear toy
However I think you're underestimating RenTech here. They're genuinely just in another league compared to what most people consider the "elite" quant shops. You're not getting in unless you're an actually impressive academic with a track-record, so I wouldn't be surprised if they're trying some weird stuff that other shops can't even understand (although I would imagine in small size vs. more vanilla stuff).
IMO places like JS/CitSec do a really good job of bombarding campuses to inculcate this idea they're the absolute apex of mathematical wizardry, but the places that are really doing some dark magic shit aren't trying to get undergrads to apply to them. Ofc maybe I'm falling for the same kind of propaganda for RenTech