Replying to Avatar Lyn Alden

The amount of midcurve tendency in tradfi is hard to understate. The vast majority of it is geared toward encouraging it.

Almost every investing mistake I made was due to midcurving the problem I'm analyzing, and almost every outlier investing success I've had is because I consciously tried to avoid midcurving the problem I'm analyzing.
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Magoo PhD 1y ago

You’re over thinking it. (No pun intended)

TradeFi is normally wrong because they don’t have to be right. The entire Industry is centered around inflows and selling you a narrative.

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Lyn Alden 1y ago

There are multiple types of tradfi entities.

Some are self-aware AUM gatherers, as you describe.

Others are operators, partially trying to gather AUM but mainly trying to squeak out gains against a benchmark while not deviating too much, and trying not to get sued. Basically actively trying to cut the right and left tails off.

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Magoo PhD 1y ago

Indeed.

They have no interest in being right in the long term, just next QTR