Corey Hoffstein 🏴☠️ @choffstein
CEO & CIO (Newfound Research) | 🥞 Return Stacking | 🌊 Liquidity Cascades | 📆 Rebalance Timing Luck | ⚡️ Risk cannot be destroyed, only transformed. returnstacked.com 🎙 flirtingwithmodels.com Joined October 2009-
Tweets35K
-
Followers66K
-
Following1K
-
Likes74K
Turn any asset or strategy into a portfolio overlay. Learn how $RSSB allows you to choose your own return stacking adventure. April 29, 2024 @ 2pm ET us02web.zoom.us/meeting/regist… For fund disclosures, visit returnstackedetfs.com
Blackthorne: It’s called “return stacking.” We can introduce additional return streams on top of your existing strategic portfolio, unlocking the diversification benefits of alternatives without the behavioral problems. Mariko: The anjin wants to use leverage.
Review from a 🔒 account...
In random corners of fintwit you still find really good conversations. CC @__paleologo @ptuomov
how many millennia were humans blowing on hot food to cool it off before we formalized the concepts of convection?
Seasonality is one of those things that I dismissed for a long time because of things like "sell in May and go away." In reality, most seasonal effects are really structural flows or seasonal risk premia (eg harvest or economic announcement cycles) E.g. papers.ssrn.com/sol3/papers.cf…
Seasonality is one of those things that I dismissed for a long time because of things like "sell in May and go away." In reality, most seasonal effects are really structural flows or seasonal risk premia (eg harvest or economic announcement cycles) E.g. papers.ssrn.com/sol3/papers.cf…
what’s the history behind financial futures receiving 60% long-term / 40% short-term tax treatment in the US? seems like an arbitrary split.
Lily @nope_its_lily
75K Followers 2K Following CIO of @novi_loren. Tweets are not financial advice and autodelete. Tweets do not reflect my employer's views. Lily's Forever Portfolio: https://t.co/im9LtLwUjCBenn Eifert 🥷🏴�.. @bennpeifert
80K Followers 1K Following CIO @ QVR. Derivatives and volatility. Tweets may relate to undisclosed investment holdings. No investment advice. Anti-fascist.Michael Green @profplum99
173K Followers 1K Following Chief Strategist Simplify Asset Management | PM of $FIG | not investment advicecephalopod @macrocephalopod
45K Followers 568 Following At Octopus Capital our passion is providing best-in-class liquidity in the marketplace of ideasClifford Asness @CliffordAsness
129K Followers 1K Following https://t.co/SqAanFKORB. https://t.co/NbcMFHWbR4. Chaotic good.Stat Arb @quant_arb
41K Followers 1K Following Crypto HFT/MFT QR | DMs open 📥 (plz no essays) | @QuantitativeArb | Views my own. Not financial advice.Andy Constan @dampedspring
133K Followers 328 Following DampedSpring active macro & beta @2Graybeards for beta. Both for investor education, Brevan Howard, Bridgewater, Salomon, Dad of 4. Go Penn, No tweet is advicecoloradotravis @coloradotravis
69K Followers 1K Following BEARLORD || Philosophy degrees are worth it. CEO of a new thing. On threads; same handle.Kris @KrisAbdelmessih
30K Followers 3K Following Stay groovy 🤙DMs open σ https://t.co/p0ss9OuitP 💡Twitter list curator 🎲Boardgames 👽Vol trading 🎸GuitarsCem Karsan 🥐 @jam_croissant
133K Followers 2K Following Founder, Kai Volatility. 24y Quant/Vol/Flow PM. Ex-MMaker,+10% of SPXOpt’s‘06-10. @phillipsacademy, @RiceAlumni, @KelloggAlumni, Vanna-Charmer🐍,🚫Invest AdviceKris Sidial🇺🇸 @Ksidiii
61K Followers 569 Following Co-CIO of Ambrus| (Focus: Exotic Derivatives/Volatility/ Tail risk hedging )| @penn guy (Not investment advice)Meb Faber @MebFaber
122K Followers 2K Following Founder @cambriafunds @theideafarm Pod: https://t.co/CvHIZ68yqU Free books: https://t.co/gm0ghOal8Q Youtube: https://t.co/rRz68ARyqVʎllǝuuop ʇuǝɹq @donnelly_brent
71K Followers 812 Following President of @Spectra_Markets. Author of am/FX and Alpha Trader. I like trading, table tennis, my family, writing, hard/fast music, and poker. Not in that orderAgustin Lebron @AgustinLebron3
16K Followers 347 Following On my fourth pseudo-PhD. Moving bits around so that people can trust other people. Traded for a while and wrote a book about it.Jake @EconomPic
40K Followers 538 Following An optimist who assumes everyone is full of shit or lazy. Smart because he forgets. Fuck everyone against sensible gun reform. 👨👩👦👦👶🏻🐶🍔🍺🏀⚾️📊🤘the ghost of groditi�.. @GRoditiD
20K Followers 553 Following Personal opinions of Guillermo Roditi Dominguez. hates: prison industrial complex. ❤️: water infra. he/himEuan Sinclair @SinclairEuan
27K Followers 442 Following vol trader, opinions are my own and may or may not be reflective of positions i hold. nothing should be taken as financial advice.Mike Hartmeyer @mjhartmeyer
109 Followers 981 FollowingAngel Fitzy @natedog521gmai1
1K Followers 5K Following Wife to USMC vet, mom to 3 young men, Christian, Conservative, Pure Blood! Native Texan. TRUMP 2024Virender Sharma @mfdvirender
2 Followers 106 FollowingMike @ironmike7614
109 Followers 518 Following Retired Army Colonel with 31 years on Active Duty. Led, taught, and commanded our fighting men & women that proudly wear our Nation’s uniform. Simul Exemus.Little Lad Capital @Justa_Lad
459 Followers 1K Following LO analyst, former sell-side, brief quant. Jack of many trades, competent in none. Own views, Not advice; even I wouldn’t listen to me.Pete Kelly @ylleketep
189 Followers 541 FollowingVHKA @VHKA1729
26 Followers 420 FollowingSpooksay @spooksay
18 Followers 399 Following Opportunities are like sunrises. If you wait too long, you miss them.moniez olivier @MoniezOlivier
9 Followers 334 Following It’s not how much we give but how much love we put into giving.”Vashistha Iyer @uptickr
12K Followers 430 Following COO at @capitalmind_in | Design + Tech | LAMP FellowBen Samuels @_bensamuels
2K Followers 3K Following tweet about energy & water, entrepreneurship, land development, GTM strategy; VP @_producedwater (@RedSox/@HoustonTexans 🪭) // 😍: ✈️ 🐶 👨🍳Capt. K @RiverSaintv
118 Followers 2K Followingลักษษิณ @Al75GuB2uypMuYC
50 Followers 1K Following คุณต้องการนัดเดทกับสาวไหมคะ เพิ่ม https://t.co/gHlnwDs4PBThe Sage of the Six P.. @RoninWarrior5
388 Followers 2K Following Story enthusiast. Passionate about Web 3.0 and its ability to unlock fandom and fantastical new experiences.Dean Thomas Parisian @dean_parisian
47 Followers 812 Following Parisian Family Office, CEO Retired. Trader. Trapper. Hunter. https://t.co/Tn3YVs0TSJWill @reformed_quant
2 Followers 22 Following Reformed Quantitative Researcher | Now interested in startups and technology ... blog coming soonRichard Honeck @rbhj
2 Followers 1K FollowingHamilton Capital Part.. @AnalyticaB
109 Followers 282 Following Options, futures, and intermarket analysis. Stoicism wins in the end because nobody knows anything. https://t.co/W6CSJVfUaBJoseph Jerome @RL4MM
11 Followers 227 Followingkishorekrishnan @kishorekri12799
141 Followers 546 FollowingPoorlyPaidSpy @PoorlySpyPaid
111 Followers 321 FollowingJujigatame1985 @jujigatame1985
73 Followers 153 FollowingEdd @edd_invest
2K Followers 297 Following Investing in Nordic stocks | Concentrated portfolio | DM opensam laki (e^-λ) @samlakig
3K Followers 4K Following good vibes don't cancel out :S they yearn for love (pfp by @untitled01ipynb, credit @yacineMTB and @alterwyx for great art)Franklin Lou @nomsFranklin
51 Followers 37 FollowingHY @HY5762973285033
17 Followers 92 FollowingBen Harvey @ben2harvey
129 Followers 211 FollowingDan Gendelman @gendelman_12986
0 Followers 5 FollowingPolar Trends @PolarTrends
4 Followers 26 Following Novel Trends & Options | Nothing is Investment AdviceH.E. MIC @MIC_btc
3K Followers 4K Following Chaos is limited to a given observer's ability to understand.Investing Endeavour @investingend
49 Followers 151 Following Thirty-something financial planner in CanadaBrett Spencer @Spencer_Brett
15 Followers 44 FollowingNiall Mcniff @N_mcffster
0 Followers 57 Followinglawrebx @lawrebx
46 Followers 1K Followingg3 @g382669439
524 Followers 5K FollowingViresindata @viresindata
3 Followers 74 FollowingNick Schmitt @NickSch63
36 Followers 120 FollowingLily @nope_its_lily
75K Followers 2K Following CIO of @novi_loren. Tweets are not financial advice and autodelete. Tweets do not reflect my employer's views. Lily's Forever Portfolio: https://t.co/im9LtLwUjCBenn Eifert 🥷🏴�.. @bennpeifert
80K Followers 1K Following CIO @ QVR. Derivatives and volatility. Tweets may relate to undisclosed investment holdings. No investment advice. Anti-fascist.Michael Green @profplum99
173K Followers 1K Following Chief Strategist Simplify Asset Management | PM of $FIG | not investment advicecephalopod @macrocephalopod
45K Followers 568 Following At Octopus Capital our passion is providing best-in-class liquidity in the marketplace of ideasClifford Asness @CliffordAsness
129K Followers 1K Following https://t.co/SqAanFKORB. https://t.co/NbcMFHWbR4. Chaotic good.Andy Constan @dampedspring
133K Followers 328 Following DampedSpring active macro & beta @2Graybeards for beta. Both for investor education, Brevan Howard, Bridgewater, Salomon, Dad of 4. Go Penn, No tweet is advicecoloradotravis @coloradotravis
69K Followers 1K Following BEARLORD || Philosophy degrees are worth it. CEO of a new thing. On threads; same handle.Kris @KrisAbdelmessih
30K Followers 3K Following Stay groovy 🤙DMs open σ https://t.co/p0ss9OuitP 💡Twitter list curator 🎲Boardgames 👽Vol trading 🎸GuitarsCem Karsan 🥐 @jam_croissant
133K Followers 2K Following Founder, Kai Volatility. 24y Quant/Vol/Flow PM. Ex-MMaker,+10% of SPXOpt’s‘06-10. @phillipsacademy, @RiceAlumni, @KelloggAlumni, Vanna-Charmer🐍,🚫Invest AdviceKris Sidial🇺🇸 @Ksidiii
61K Followers 569 Following Co-CIO of Ambrus| (Focus: Exotic Derivatives/Volatility/ Tail risk hedging )| @penn guy (Not investment advice)Meb Faber @MebFaber
122K Followers 2K Following Founder @cambriafunds @theideafarm Pod: https://t.co/CvHIZ68yqU Free books: https://t.co/gm0ghOal8Q Youtube: https://t.co/rRz68ARyqVAgustin Lebron @AgustinLebron3
16K Followers 347 Following On my fourth pseudo-PhD. Moving bits around so that people can trust other people. Traded for a while and wrote a book about it.Jake @EconomPic
40K Followers 538 Following An optimist who assumes everyone is full of shit or lazy. Smart because he forgets. Fuck everyone against sensible gun reform. 👨👩👦👦👶🏻🐶🍔🍺🏀⚾️📊🤘the ghost of groditi�.. @GRoditiD
20K Followers 553 Following Personal opinions of Guillermo Roditi Dominguez. hates: prison industrial complex. ❤️: water infra. he/himEuan Sinclair @SinclairEuan
27K Followers 442 Following vol trader, opinions are my own and may or may not be reflective of positions i hold. nothing should be taken as financial advice.Cullen Roche @cullenroche
89K Followers 2K Following Helping people make smarter & more disciplined decisions with their money. | Founder & CIO @disciplinefunds 📊 | Author @pragcap 📖| PM of $DSCF 💰Aaron Filbeck, CAIA, .. @filbeck_a
924 Followers 999 Following Managing Director, Head of UniFi by @CAIAAssociation. ENFJ. Wealth management, music nerd, Star Wars, and improving investor outcomes.Kian @slhzdh
145 Followers 250 Following Formerly kind of a big deal. Personal account because I’m never professional anyway. Views my own.Scott Phillips @ScottPh77711570
5K Followers 1K Following trend tradoor/degenerate shitcoin gambler/rtrd/acc market timing in the streets/risk premia between the sheetsChief Kalu @Othyforyou
2K Followers 2K Following Trying some stuff with math and finance • Quant TradooorRich Toscano @richtoscano
563 Followers 159 Following Financial advisor at https://t.co/tYNAbeZ7lb, housing charter at https://t.co/Jr0iKwvhhT, value investing nerd, other kinds of nerd.SQ @SeniorQuant
1K Followers 3 Following building an investment manager and fully systematic multi strategy hedge fundBob Elliott @BobEUnlimited
138K Followers 688 Following CIO at @UnlimitedFnds | PM of $HFND | Fmr IC @Bridgewater | Described as one of the "sane" voices on #fintwit | Comments are not investment adviceDave @sdav1986
1K Followers 1K Following Volatility markets and probability. No investment advice, no recommendations, personal opinions only.MidwestHedgie? 🏳�.. @noMidwestHedgie
975 Followers 461 Following Two true things: (1) @MidwestHedgie was nuked by Elon. (2) Hope and resiliency win in the end every time. Namaste. enby. M.D. not investment adviceReturn Stacked® Port.. @returnstacked
505 Followers 1 Following Unlocking the benefits of diversification. Make room for alternatives without having to sacrifice core stock and bond exposure. 🥞Anyon @AnyonCurve
3K Followers 102 Following Alum: B.T.A.L, Tudor Capital & Citadel. London, U.A.E. & Sydney. Σ follows the sun. I was @vitruviuscurve before. Inverse Apophenia.Markku Kurtti @markku_kurtti
3K Followers 238 Following Engineer exploring the world of investing. In the absence of alpha, harvesting various beta. The author of investing blog https://t.co/vKZMEyYyM2Pindar Van Arman 💎 @VanArman
41K Followers 3K Following AI Artist with a bunch of Painting Robots - https://t.co/mELkJdPnRm - cryptovoxels: https://t.co/IhA777L2ZW - discord: https://t.co/DeVpzgcSmiIamNomad.sol(ol) @IamNomad
179K Followers 2K Following sometimes market maker,mostly systematic trading Destroyer of markets,There is no need to be upset™ @simpelyfe does my drycleaning @whalecalls|@rng_gallerybearsnake 🍩 @bearsnake_21
9K Followers 2K Following Co-Founder, COO @forgottenrunes // Door Opener // Entertainment + Tech Entrepreneur // Enjoyer of LifeLouis Blyth Llanes @louisllanes
844 Followers 382 Following Author | Investment Manager | Disclaimer Info: https://t.co/st1LREBYJUWalter @walt373
5K Followers 4K FollowingBetterOffLiquid @OffLiquid
305 Followers 191 Following Fixed Income, Credit and Volatility. Tweets, Retweets, Comments, Thoughts...none are meant as advice or representative of my employer....jeff.hl @chameleon_jeff
11K Followers 72 Following @hyperliquidx building a pretty good L1. Previously: Founder of top 10 volume crypto HFT firm.quantymacro @quantymacro
10K Followers 218 Following hedge fund quantitative macro tradooor. chief ridge officer. writes some (allegedly) advanced cool stuffs on my blog about quant macro. posts in highlights tabCharles McGarraugh @CMcgarraugh
6K Followers 3K Following CIO @altispartners & Chairman / Lead Investor at OceanWell https://t.co/eY1Cpy08fP https://t.co/aDFoj3IFPCNomadic Sammy @nomadicsammy
373 Followers 151 Following I've recovered my main account. That only took forever. Please now follow @NomadicSamuelTim @TimTheMM
9K Followers 336 Following Market maker in index derivatives. Mostly talking SPX and VIX. Not trading advice.Elinor Comlay @ElinorComlay
2K Followers 2K Following Journalist looking at business of immigration & obscure financial markets. Previously @Reuters in Mexico & NYC, now freelance & news startup @Route_40. I ♡ FOI.Vlad Mercori @Arscryptopia
7K Followers 2K Following Marc's father. El Jefe @construct_tools #BAYC 9721 & 2499Doug Fincher @FincherDoug
764 Followers 259 Following Portfolio Manager $CPII at Ionic Capital Management, LLCHonestMath.com @honest_math
8K Followers 355 Following Exceptional resources for investors and advisors. The most powerful and easy-to-use retirement simulator on the web.Greg Obenshain @GregObenshain
2K Followers 571 Following Exploring data, ideas, and quantitative methods in corporate credit.PJ Pierre @TatianaPierre
520 Followers 518 Following fixed income, futures, equity & fx trader. Sometimes crypto is the best trading sardine. It's The Fiscal Stupid!cuckqueen @cuckqueeen
3K Followers 3 Following @ritualnet; queen of all cucks, cuck of all queens; @femboy_capital @daofive; seed @monad_xyz, @berachain, ...Nomadic Samuel @NomadicSamuel
26K Followers 349 Following Travel Blogger. Amateur Investor. YouTube Partner in crime w/ @ThatBackpacker: (English) https://t.co/48Nr8aIdCc + (Spanish) https://t.co/ALWcbZNskY Not Advice 🚫Just Another Bear @anotherbearcap
570 Followers 907 Following Views only my own | This note is legal tender for all debts, public and private | An economy is just people doing favors for each other | DMs open to followPiers Kicks @pierskicks
34K Followers 421 Following Founding Partner @Delphi_Ventures • Gaming @Delphi_Digital Tweets about where crypto meets the metaverseπ* | ¤ @totlsota
6K Followers 1K Following {quant trading, defi, hft, ml} perma-learning in high-dim space trading on-chain @ https://t.co/uc7Jk1mDjHCorben Leo @hacker_
68K Followers 660 Following I hack stuff (legally) | Jesus follower | Co-founder @boringmattressCount Draghula @countdraghula
19K Followers 501 Following Macro trading is dead, because markets aren't allowed to find fair value.Jess Bost, CFP® @lady__bost
8K Followers 4K Following 🗣 = BOSS+T // VP Strategic Partnerships @AlphaArchitect // CrossFit L2 Coach & Olympic Weightlifter 🏋🏻♀️Tyler 🏴☠️ @Tyler_Rongione
2K Followers 123 Following Tweeting interesting but not useful things @FinancePiratesBenjamin Crouzier @pinouchon
170 Followers 355 Following Social web, web development, artificial intelligence and kapla.@choffstein @Ritholtz @markku_kurtti Great podcast Corey! You always bring such amazing content to light. Diversifying with uncorrelated strategies with a comfortable level of leverage is CAGR alpha!
Forgot my headphones. Dumped rain the entire time. Best hike in a while! 10/10.
@EntropyChase @choffstein there’s stocks in the portfolio that can’t crack $250k a day in average volume. At 5% part equal weight, it handles $5.5mm. But that’s ok because he’s going to trade it on $1
@mikeharrisNY @choffstein It’s more like Butch Cassidy and the Sundance Kid. Us against an army. He just shoots a little funny.
@choffstein @thepmoss We've been doing this for years...
@choffstein @justinaknope i have 10,000 open tabs 😭😭😭
if you want to add 50 tabs to your to-read list every week, then you could sign up for @justinaknope's weekly newsletter which I promise has links to more words on the topic of quantitative investing than you will ever have a chance of reading
@IndexMethods @choffstein honestly when I saw that I was just like....
@EntropyChase @choffstein Business school profs keep playing find the best backtest game lmao
@EntropyChase @choffstein Would love to see Zhangs prime broker relationships, financing costs, PMs/oms/ems, daily impact and TCA analysis, participation rates, and account serving fees that allow turning the portfolio 200 times a year on a 24bps EV trade
@choffstein @justinaknope somethings never go out of style
@choffstein People who write stuff like this are unlikely to be trustworthy sources of actionable insight about how markets work "average daily return difference betw these two groups is approx 24.6 bps, w a t-statistic of 32.5, translating to... return of 61%." [papers.ssrn.com/sol3/papers.cf…]
@choffstein I mean yeah, I guess potential returns look big when you ignore the costs involved in getting them... I wouldnt trust anything from these papers without seeing replication studies
@choffstein Thank you, Corey! (Yes, it's more...ideally fortnightly)
@choffstein Let's see another paper from Zhang: "Stocks w daily closing prices slightly above round numbers (e.g., $6.1) tend to rise up.. just below (e.g., $5.9) tend to fall down... A long-short strategy that exploits this pattern yields... an annualized 61%." lacks credibility imo.
@choffstein Over a decade ago there used to be a thing called quant Tuesday, where (supposedly) some quants would check weekly data on Monday, run their models, and rebalance portfolios starting on Tuesday.
Both the best commentary on Fidelity’s ETF fee extortion and the best use of this meme. Typical @choffstein brilliance.
Lol
Blackthorne: It’s called “return stacking.” We can introduce additional return streams on top of your existing strategic portfolio, unlocking the diversification benefits of alternatives without the behavioral problems. Mariko: The anjin wants to use leverage.