jrai's posts

22 posts found

Re: Long Macy's, Short Amazon (M/AMZN)

  By: jrai on Feb. 15, 2021, 9:55 p.m.

Not a joke, although I guess it is funny nonetheless. Prof Galloway posted this trade idea in 2015 here: https://www.linkedin.com/pulse/future-retail-looks-like-macys-amazon-scott-galloway and so we're just kindly tracking it for him

Re: Curve DAO Token (CRV), Uniswap (UNI), Balancer (BAL)

  By: jrai on Feb. 15, 2021, 12:18 a.m.

Thanks. This has definitely worked out so far as volume is still exploding and more people come around to the story. Of course I'm a little worried we're in a clear speculative mania and expect some big corrections. Long term, though, I'd still be c…

Curve DAO Token (CRV), Uniswap (UNI), Balancer (BAL)

  By: jrai on Jan. 5, 2021, 3:47 p.m.

This is a basket idea, equal-weight in CRV (i.e. veCRV), UNI, and BAL which together represent three of the larger decentralized exchanges (DEXs) and automated market makers (AMMs) on Ethereum. At the highest level, the investment thesis for this sp…

Re: Amp (AMP)

  By: jrai on Dec. 11, 2020, 8:38 p.m.

How does the network capture fees? What is the fee structure and who decides on it?

Re: Ethereum (ETH)

  By: jrai on Dec. 8, 2020, 2:24 p.m.

With the launch of Eth2 and ETH staking, there's a great case to be made that likens ETH to a bond, The Internet Bond.

Numeraire (NMR)

  By: jrai on Sept. 10, 2020, 3:02 p.m.

Note: I am a participant in the Numerai Tournament and hold/stake NMR.

Numeraire (NMR) is a cryptoasset created by Numerai to power the Erasure protocol. Erasure enables decentralized data marketplaces with various mechanisms for encrypting, staking…

Interpretable Machine Learning for Long Term Investing

  By: jrai on Aug. 12, 2020, 4:24 p.m.

Opening the ML Blackbox

Machine learning (ML) algorithms are often dismissed as inexplicable blackboxes, but the idea of interpretable ML has been prying open that blackbox for some time now. Interpretable ML increases the degree to which a human c…

Re: Ethereum (ETH)

  By: jrai on Aug. 9, 2020, 4:57 p.m.

The network value of ETH should be measured in the trillions if it succeeds in being a global financial settlement layer (same w/ BTC to be fair).

I'd just add a list of digital assets (maybe a more appetizing term for cryptocurrency) that I'm keep…

Machine Learning, Meet Value Investing

  By: jrai on July 16, 2020, 2 a.m.

We approach investing with a value-oriented process. That is, any investment must consider that stocks represent equity ownership shares in a business. Those businesses are definitionally fairly valued as the net present value of all future free cas…

Fun with Language Models

  By: jrai on July 16, 2020, 1:50 a.m.

The field of Natural Language Processing has had a Language Modeling Renaissance as of late and if you haven’t yet heard about it you should pay attention, because it’s about to change the world. At its core, a language model has a very …

CrowdCent's Vision

  By: jrai on July 16, 2020, 1:39 a.m.

The strategies and organizational design of the discretionary hedge fund are under attack. A large portion of the industry continues to rely on broken, pre-internet strategies that are too slow.

CrowdCent envisions a new type of fund: decentralized…

Re: What is going on?

  By: jrai on June 11, 2020, 2:23 p.m.

Also agreed @jlm278. Markets may be (mostly) efficient, but that doesn't mean that they're rational. As you suggest, let's not lose sight of what the market is: a way to gauge the prospect of future free cash flows. In the long run, the market will

Re: What is going on?

  By: jrai on June 9, 2020, 1:39 a.m.

In my mind, that leads to the question of whether or not investment professionals are actually more likely to outperform non-professionals on average and over time. If your gut tells you this is irrational exuberance then it's only a matter of time …

What is going on?

  By: jrai on June 8, 2020, 10:33 p.m.

Seriously, what is going on? Davey Day Trader and the Robinhooders seem to be doing pretty well with airline stocks and buying bankrupt companies, but Carl Icahn sold out of his HTZ at $0.70, the CFO sold at $1 and today it's trading at $5.53, back …

Re: Analyst Toolbox

  By: jrai on May 26, 2020, 4:25 p.m.

Updated w/ many more resources