Pod shop hedge funds' strategy of ultra-tight stop-losses and near-zero factor exposure was originally smart for smaller scale operations, but now that these firms are massive, the short-term focus mathematically cannot work at their current scale, making their entire model untenable.
causalpending
Speaker
DavidEvidence Quote
“they're playing a game that benefits from a relatively smaller scale and then nowadays they're so big. I actually don't think that their whole super short-term focus can actually work mathematically.”
Source
This Ex-Poker Pro Built a Hedge Fund by Betting Against Beta – David Orr on Asymmetric Bets— Odds on OpenCreated: 8/12/2026, 6:42:53 PM
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