thomas scaria retweeted
Hue is a new social AI agent.
It won’t make Resy reservations for you. It will gossip to your friends behind your back though 😉
DM / reply for an early invite!
thomas scaria retweeted
"I do think there's a chance elliptic curve cryptography just stops working."
thomas scaria retweeted
"I have a question, here. Yes, thank you.
Why are you speaking to us when you keep underperforming the index?"
This quoted post is unavailable.
thomas scaria retweeted
I'm excited to share that I've joined @CumberlandSays / @DRWTrading as Head of Crypto Options Sales!
Having traded with Cumberland as a counterparty in the past, I've long seen them as the market leader with the optimal mix of pricing, liquidity, credit, and professionalism
Please feel free to reach out for us to connect, catch up, or explore ways to partner!
thomas scaria retweeted
A year ago, i wrote about personal ai. a friend read it last week and told me it was the best essay he read on this, so im reposting it: rebeccadai.substack.com/p/th…
A year later, we've had poke, instinct, muse. viral products, yes, but lacking that iykyk kind of inspiration
thomas scaria retweeted
Because of prediction markets, for the first time ever, small businesses have access to risk management tools that Wall Street has used for years. New from me in Fortune: fortune.com/2026/08/26/cftc-…
thomas scaria retweeted
I tried to get a VC friend to give me a QQQ benchmark on his fund. Let’s just say I didn’t get the allocation 😂.
But the bar vs publics gets even higher if you consider the existence of quant hedge funds.
If you invested in a market and factor neutral quant fund with 10% net return (above cash) on 10% volatility and blended it with QQQ portable alpha style, your 10 year growth was:
$1 → ~$14 vs $1 → $6 in QQQ
30% return vs 20%.
This is why uncorrelated alpha is valuable. Not because it’s high return, but because its return geometry lets it stack onto any portfolio without it.
Try the same trick with a beta and factor exposed ‘hedge’ fund, and you have a portfolio in extra distress in 2022 (>-50%!). Because you have drawdowns stacking instead of returns!
You can think of a fund that tilts into factor bets as making a mess of your return geometry by taking risk on things your already own. For example, your portfolio doesn’t need a hedge fund to tilt you into a bet on AI. The S&P is ~48% an AI bet (so far). By betting on AI beta, the hedge fund “unhedges” to earn returns you own already and sends you a bill for fees.
So when you hear a quant hedge fund with 10% net excess return on 10% vol for 10 years with no factor or market exposure, don’t think “wow you lost to QQQ — think wow you beat *anything* by 10% per year, including QQQ, and you’d be a 99th percentile VC too 🤯”. Uncorrelated alpha. Don’t forget this is the whole point.
Replying to @marcelkargul
dude no please, a user will see this hundreds of times a day they are going to shoot themselves
thomas scaria retweeted
Bernard Arnault going direct is remarkable and worth reading in full
The single most impressive thing is that Arnault (personally, not via company spokesman) responds to a major hit piece without at all accepting the role of defendant
He never complains about “biased reporters” or “they ignored our fact check” etc. He instead:
1) Does not flinch. He starts by giving the rebuttal a title: “Thank You.” Not “Addressing Recent Allegations” or whatever but implying the expose has backfired and made him look good.
Eg: “They used to call me The Terminator. I prefer ‘the last royal family.’ It’s more elegant, and probably better for Dior sales.”
Tone stays measured and bemused throughout; it’s giving Logan Roy
2) Lampoons the allegations. His wry humor makes the expose seem silly and theatrical, his tone is like he’s divulging a stupid child.
He opens with, “Apparently I am the head of ‘the last royal family of France’.”
And drops gems like, “At the Arnault family, apparently, we don’t argue, we conspire. We don’t deliberate, we plot. It’s novelistic… What, in an ordinary family, is simply called Sunday lunch becomes, in our case, an intrigue. It’s a matter of vocabulary.”
3) Reframes the whole narrative. From billionaire to steward, from an oligarch pursuing power to a patriarch preserving an institution built by and for others
Eg: “You describe power as though it were a prize to be won. I experience it as a responsibility to be passed on.
The houses entrusted to me are older than I am. Most will outlive me. My role is to hand them on stronger than I found them. That is why I reject the idea of a dynasty. Dynasties exist to preserve privileges. We work to preserve craftsmanship.”
Interestingly, in the very act of doing this Arnault shows how masterful he is at wielding power, and he summons that skill here to make the reporters look like bumbling neophytes
































