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Lake Cornelia Research Management
12.3K posts
Lake Cornelia Research Management
@CorneliaLake
Not investment advice; I talk about stocks that can kill you. CAPS = PARODY substack.com/@lakecornelia?…
USA
Joined March 2021
- SOURCES: SPIRIT AIRLINES CEO LIVID WITH BANKRUPTCY PROCESS. “$110 FILING FEE, $50 PROCESSING FEE, $37.50 ADMIN FEE…THESE FEES WERE NOT ADVERTISED!”
Replying to @nsantini99Exactly. This is why the Fed will use the tactical nukes on Monday. JPow ain’t going to do the slow burn like he did during Covid. The launch codes are ready, he will use one or two of his Ohio class subs and launch a full spread. Bank panic 101: the lender of last resort- In my younger HF days I was told of a guy that made $4 million / year in nyc co-running a small fund. 10+ years later he went broke, during an up year mind you, because he was living a 7+ mm a year lifestyle and the debts were eventually too much. The guy eventually gotMy friend told me he and his wife live paycheck to paycheck. I don't believe it because they both are high earners in tech, and he even works for Google. But after doing a little bit of math, I found out he didn't lie. • Mortgage: $17,000/month for a $3M home • Property Tax:
- BREAKING: 7% OF POD SHOP ANALYSTS SUDDENLY RESIGN; MOST SEEKING TO BECOME LONGSHOREMEN. “NETTING RISK IS LOWER, THERE IS NO DEFERRED COMP AND REALISTICALLY I WAS NEVER GOING TO BECOME A PM. THE MANUAL LABOR IS EASIER THAN POSITIONING INTO EARNINGS SEASON.”
- Love this story Platt gave in "Hedge Fund Market Wizards" about having one of his traders who was up $500 million to roll $100 mm of PNL into the new year... Q: Generals fight the last war. Speculators trade the last market. How have you managed to keep your risk so incrediblyAnyone have a better recent track record than Bluecrest? Wow.
- Hedge Funds: Raising Money for a New Fund Raising money is exhausting. You do hundreds of meetings set up through cap intro and travel to all the major financial hubs…such as suburban Philadelphia. 95-99.9% of these meetings end in no follow up and sometimes it seems like a
- Hedge Fund Stories: Calling a trader for "color" One of the pains of market neutral, or really any hedge fund seat, is the moment you are asked to call a sell side trader to "get color" by your PM. In market neutral land, a position that falls out of bed by 2-3% relative is a
- Picture of NYC before Lina Khan saved the affordable luxury handbag market from becoming a 376 company oligopoly instead of a thriving competitive landscape of 377 companies
- John Paulson going from a Bear Stearns banking MD in the 90s to a random merger arb guy in 2005 to subprime short legend and running $30+ billion in a single manger fund in 2011 to potential treasury Secretary in 2025 is an absurd career arc.
- For those new to energy investing and go through their first "year of frustration" I want you to know that we all feel your pain. The two worst things that could have happened for my long run development as an equity investor were 1. Starting at a distressed credit fund and 2.
