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The Current Financial Thing

"Age of Miracles"

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Medallion - The Most Successful 30 Year Run in the History of Finance

The most successful 30 year run in the history of finance essentially boils down to efficiently traiting the fact that humans are, as dukepecom professor danarelli would say, predictably irrational. The past few months in the market have felt chereal. We've all known a pullback was coming at some point, in private markets, crypto and public growth equities. Everyone has predicted all this for months. But when the crash actually came, people got scared. This is it's fud season - everyone seems to be certain about how things are going to be but no one knows if there will be any survivors.

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