Jared L Kubin
@JaredKubin
Hedge Fund Founder. Dad. HBS .🐊⚾️. Kings 18:27. No One is Coming. Die Empty. Viking. War Horse. Whatever it Takes. Everything is a Test.*NOT INVESTMENT ADVICE*
2025 Investor Manifesto: Variant Views + Changes in Vol Throw out everything you have read in textbooks. Throw out history heuristics. Throw out comps. Just torch it all. Modern Portfolio Theory is dead. Hubris is the downfall of mankind. Hubris in investing is being static.…
Who is Derrick Evans? Since Walter is on vacation, Derrick stepping in?
🚨BREAKING: Chair of the Federal Reserve Jerome Powell to make an announcement in just a few hours at 8:30 AM EST.
With so much “happiness” talk I thought this message was 🎯 this am. The Lord doesn’t promise us an easy life, a good life, a life free from struggle… the opposite actually. What He does PROMISE is even better… Salvation, the companionship of “the comforter”, and unwavering…
I could teach this class… for free: 1. Get up every morning early. Read your Bible and pray with INTENSE gratitude 2. Lift heavy weights everyday - no days off 3. Eat super clean - get jacked 4. Focus on the most important relationships in your life and give 100% expecting 0%…
N.J. university launches world’s first PhD in ‘happiness’ trib.al/fKjKJl1
Two charts I sent the team yesterday: 1. Delevering has happened at a historic pace...and can continue to happen MOOR ... what PB data doesn't capture in GROSS and NET stats is the turnover inside the books / teams that we are seeing... GROSS/NET is just one lense in a mosaic…
FADS & RISK crystallize this cycle FLWS AEO DNUT SOUN & RKT IONQ SYM KSS
I was thinking about one of the OGs today…. He would absolutely be loaded to the gills about to have a monster 2H of the year.
OG Hedge Fund Playbook I’ve been thinking about two recent posts: Cliff’s @CliffordAsness take on embracing higher volatility and another poster (sorry) mention of “OG HF’s". Both resonated for different reasons. Today’s risk managers insist on running minimum volatility at…
Quadrant of Hell update: - High Short Interest RIP-CITY +223bp - Low Quality > High Quality +10bp - Revisions (flat) - High Vol Losers RIP CITY +110bp *What was diff today -> MEME names reversed
4 Quadrants of Hell in L/S: - High Short Interest names rip - Low Quality >> High Quality - Short Losers RIP - Negative Revisions (++) vs Positive Revisions (--)
Officially the worst June/July... EVER
Goldman L/S Index having a month... looks alot like 2023.. you know what comes next
4 Quadrants of Hell in L/S: - High Short Interest names rip - Low Quality >> High Quality - Short Losers RIP - Negative Revisions (++) vs Positive Revisions (--)
Goldman L/S Index having a month... looks alot like 2023.. you know what comes next
“Opendoor Just Made Up 10% of US Trading Volume” (today) Cc @JaredKubin
Congrats guys… 1bn shares in $OPEN traded so far. With the share price and market cap…. Oh wait
Lots of dunking. Lots of victory laps. Lots of ….. what’s the opposite of humility? On my timeline. This is going to be biblical
What is the Ethereum BULL vs BEAR case?
Ethereum now has a $450 Billion Market-cap, representing almost 12% of the $4 Trillion Crypto Market. Is this the most important chart in the market right now?
Just stop it
Large speculators / hedge funds are holding their largest net short positions since the market bottomed in early April. Let that sink in.
Is it just me or have Super Bowl rings gone from classy unique attractive pieces…. To whatever that is…. History of rings… which year did they pivot? nfl.com/photos/the-sup…
Introducing your 2024 Eagles Super Bowl Ring 💍💍 #jasonofbeverlyhills #philadelphiaeagles #eagles #championshipring
I have a lot of thoughts here… I could wax poetically about misalignment of fee structures, the levered beta magic trick, how price discovery has vanished, on and on. But it can be summed up as this… UC is right, the HF industry is going to go through a major upending across 2…
The article below is about the CIO of the UC System ditching hedge funds after decades of poor performance. What he is saying is the dirty secret of most of finance: LPs (ie you) pay exorbitant fees and carry to ultimately return the market beta or worse! In other words, you’d…