Jack Raines
@Jack_Raines
Personality hire @slow • Reality is just a wrapper for entropy. More thoughts on my blog.
Slight career update: started working as an investment associate for @lessin at @slow this week! I’ll be in NYC for the next couple of months, then moving out to SF. If we’re Twitter (or IRL) friends, and you’re in the Bay Area, hmu and let’s hang / curate vibes / riff / etc
🚨Our investors don’t just believe in us. They fly with us. 🚀✈️ Thrilled to announce FlyFlat's $3M oversubscribed round led by @BessemerVP Participation includes @slow @FjLabs @Jeffreyw5000 @spetrossov @noahsfriedman Sign up below or dm to stay in touch for the next round!
Really excited to dig in, congrats Nick!
My book, The Wealth Ladder, is now available: geni.us/wealthladderha…
My book, The Wealth Ladder, is now available: geni.us/wealthladderha…
Fellas, I know it'd be glorious to fleece the Kohl's bondholders who are likely panicking right now as they own the 2031 and 2045 notes and hedged by shorting the stock (which is now blowing up in their face), but it makes a lot of sense to lock in some profits if you followed…
How has $KSS never squeezed? Short interest up from 9 Million to 55 Million shares. 107 Million shares floating but 38 Million are held by ETFs (who lend the shares), so really 55 Million out of 69 Million non ETF shares. How can you be short and sleep well at night?
In February of 2004, I was miserable and overworked. My travel fantasy began as a plan to visit Costa Rica in March 2004 for four weeks of Spanish and relaxation. I needed a recharge and four weeks seemed “reasonable” by whatever made-up benchmark you can use for such a thing.…
Believe me, it’s the mark of a great man, and one rising above human weakness, to allow no part of his time to be skimmed off. — Seneca, via @Jack_Raines
Remember always that 1) the “Market Timing Hall of Fame” is empty 2) liquidity isn’t free, and 3) private market investing is always and everywhere a relationship business -Bill Dietrich
Do you guys want me to throw a party with @tbpn in New York?
Never give up handcrafted writing Undertake the labor, work through the frustration Resist the temptation to become intellectually sedentary
Yes. Writing is not a second thing that happens after thinking. The act of writing is an act of thinking. Writing *is* thinking. Students, academics, and anyone else who outsources their writing to LLMs will find their screens full of words and their minds emptied of thought.
Feels like the biggest arb right now - in multiple fields - is to find the few people that can really leverage LLMs to do 100x the work they were doing last year and pay them 2-3x the market rate.
He is exactly wrong. Investing *is* easy. Buy the 500 best businesses in the world. Enjoy your life. Play with your kids. Buy the dip. Never sell. Be an active member of your community. Double your money roughly every seven to ten years by doing nothing. Investing is easy
"Everybody has been taught, which I think is completely absurd, that investing is easy." @jam_croissant toptradersunplugged.com/podcast/cnbc-l…
This strategy underperformed simply being long Mag7, btw (not to mention just being long the S&P 500, but whatever)
For those that watch the @theallinpod, you may remember that my most obvious trade idea heading into Jan was long the S&P Index and short the Mag7. Aka the “Mean Reversion Index Trade” Turned out to be free money. Very rare that the market gives you these kinds of fat pitches.
Underreported lore about Scale AI is that Alex and Lucy started out building a ClassPass for clubbing, a subscription service for local clubs.
I turned 40 this year. These are the things I wish I had known at 20. Starting with... 1. Develop the ability to add and delete habits. I’ve observed that recovering addicts can have an edge on normal people--they have come to the stark realization that change is existential.…
the only way I could make my SMB work (starting from scratch) was by moving back in with my parents at 35