Malt Liquidity

Malt Liquidity explores the intricacies of financial markets, trading strategies, and the impact of liquidity across various sectors. It delves into personal experiences, historical and theoretical analysis of finance, market dynamics, and the philosophical aspects of investing, providing insights into risk management, market behavior, and the legal frameworks surrounding trading activities.

Financial Markets Trading Strategies Market Liquidity Investing Philosophies Risk Management Legal and Regulatory Frameworks Personal Finance Economic Theory Market Dynamics Technology and Finance

The hottest Substack posts of Malt Liquidity

And their main takeaways

Malt Liquidity 12

1 implied HN point • 28 Dec 20
  1. Trading results from higher variance, not skill.
  2. Retail traders lose at higher rates, so be cautious.
  3. Be wary of platforms like Robinhood using tactics to increase trading.

Malt Liquidity 9

1 implied HN point • 14 Dec 20
  1. Innovation ETF composition reveals surprises like insane derivatives
  2. Insider trading is risky business, small fry traders often get caught
  3. Understanding financial markets intricacies is important to make informed decisions

Malt Liquidity 6

1 implied HN point • 08 Dec 20
  1. In the market, both theoretical and practical pricing approaches are needed for liquidity.
  2. Launching a water futures market without enough participants can lead to challenges in hedging and speculating.
  3. Shorting private companies is complicated due to limited market access and the uncorrelated nature of venture capital returns.

Malt Liquidity 5

1 implied HN point • 07 Dec 20
  1. Brexit negotiations impacted by fisheries despite small economic significance
  2. Political risk hedging through options more expensive in weak economic conditions
  3. Financial products functioning as intended in response to political and economic events
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Malt Liquidity 4

1 implied HN point • 03 Dec 20
  1. SoftBank took significant losses in US tech equity options trades, raising questions about their trading strategies.
  2. Salesforce's acquisition of Slack for $27.7 billion in cash and stock highlights how companies are using cheap money to fuel growth through acquisitions.
  3. Congress is addressing the China audit dispute, Stripe is expanding into banking services, OPEC allies consider a small production increase, and Jay-Z invests in legal drug dealers through unconventional vehicles.

Malt Liquidity 3

1 implied HN point • 02 Dec 20
  1. NASDAQ pushing for board diversity on listed companies through lobbying.
  2. Japan Central Bank's significant stock ownership raises concerns about market manipulation.
  3. European Central Bank clarifying policy decisions with private phone calls to institutions.

The Red Army's White Square

1 implied HN point • 19 Nov 20
  1. Soviet chess tradition started in chaotic post-revolution times
  2. Chess gained official state support in the USSR as a popular game for the masses
  3. Bobby Fischer's rise and confrontation with Soviet players marked a significant moment in chess history

Your Password is not Strong Enough

1 implied HN point • 19 Nov 20
  1. Speakeasy-style bars can represent a sense of inauthenticity.
  2. Prohibition led to a shift in the drinking culture.
  3. Try off-menu items at speakeasy bars for a unique drinking experience.

Malt Liquidity 32

0 implied HN points • 16 Feb 21
  1. Some lenders kept money mistakenly sent by Citibank due to a clerical error.
  2. Texas power prices surged due to cold weather causing half of wind turbines to be inoperable.
  3. Electricity suppliers are struggling with high prices, causing some to advise customers to switch providers.

Malt Liquidity 42

0 implied HN points • 28 Apr 21
  1. Lyft sold its self-driving division to Toyota for $550 million, raising questions about the future of self-driving technology
  2. Uber and Lyft's struggle for profitability could lead them to become quasi-governmental contractors
  3. Risk-taking behavior becomes asymmetric when companies are too big to fail and can rely on government bailouts

Malt Liquidity 33

0 implied HN points • 19 Feb 21
  1. IBM's Watson struggles due to lack of assessable value add, similar to errors in market data analysis
  2. Financial model of converting debt to equity, like in Fernando Tatis Jr.'s contract, offers unique opportunities for individuals
  3. Backtesting trading strategies requires understanding the reasons behind potential edges, optimal trade conditions, and avoiding overfitting

Super Bowl Slippage

0 implied HN points • 07 Feb 21
  1. Options and money line bets operate similarly in their sensitivity to incoming bets.
  2. Bookies adjust betting lines based on the flow of bets to balance their risk.
  3. Real-time odds shifts in sports betting are comparable to gamma sensitivity in options trading.

Malt Liquidity 27

0 implied HN points • 28 Jan 21
  1. GameStop stock surged due to Reddit-driven short squeeze and influence from Elon Musk's tweet.
  2. Suspension of retail trading by Robinhood led to speculation and potential impact on major players like Citadel.
  3. Options expiry was expected to be volatile, with potential consequences for market players and the future of certain financial practices.

Malt Liquidity 22

0 implied HN points • 18 Jan 21
  1. Maintaining a pegged currency requires sufficient reserves to support it
  2. Pegged currencies like Hong Kong Dollar and Tether have different circumstances and risks
  3. Cryptocurrency, like Tether, faces challenges in proving reserves and stability

Malt Liquidity 17

0 implied HN points • 08 Jan 21
  1. Trading is not just about knowledge, but about finding the 'signal' in all the 'noise' of stock prices.
  2. New futures markets open for trading, like live hog futures in China, can benefit both hedgers and speculators.
  3. Beware of complex financial products like autocallables on Bitcoin, as they may not always offer a clear or beneficial investment strategy.

Come Together, over my dead body

0 implied HN points • 24 Nov 20
  1. The author questions the tradition of having turkey as the centerpiece of Thanksgiving meals, criticizing the flavor and significance of the bird.
  2. There is a humorous take on the side dishes accompanying the Thanksgiving meal, highlighting the excessive use of gravy and the peculiarities of cranberry sauce and sweet potato marshmallow concoction.
  3. The writer reflects on the American tradition of Thanksgiving, noting that despite the calls to set aside differences, it often ends up being a time of overindulgence, sedative television, and not genuine reconciliation.

100 Solutionism Avenue

0 implied HN points • 19 Nov 20
  1. Buying a new house comes with many decisions and considerations.
  2. Setting up a new home involves selecting and integrating smart technology.
  3. Personal anecdotes can add humor and relatability to a story.

PPP #3

0 implied HN points • 19 Nov 20
  1. Playing chess seriously leads to an intriguing connection with Russia's chess history and culture.
  2. Tiësto's 'Elements of Life' album showcases his transition and mastery of building atmospheres.
  3. Hooligan fights in Russia reflect a cultural contrast with the emphasis on self-preservation in the U.S.

Brother, can you Spare an Olive?

0 implied HN points • 19 Nov 20
  1. A true martini is made with gin, not vodka.
  2. There are three main types of martinis: dirty, dry, and perfect.
  3. James Bond is to blame for the popularity of vodka "martinis".

Up in the Airpod

0 implied HN points • 19 Nov 20
  1. Apple's Airpods replaced wired headphones in 2016
  2. Transitioning to wireless headphones can be a struggle, but convenient
  3. Embracing Apple products can lead to a change in mindset

Malt Liquidity 11

0 implied HN points • 16 Dec 20
  1. Regulators are scrutinizing Robinhood's practices, particularly in relation to client protection.
  2. Refinancing debt with lower interest rates is a common financial strategy, even for large institutions like the Whitney Museum.
  3. Central banks like the Fed continue to support the economy through asset purchases and bond buying programs.

The Death of the Authentic Experience

0 implied HN points • 19 Nov 20
  1. Stephen Shore's art challenges the authenticity of everyday experiences influenced by external factors.
  2. Shore's transition from black-and-white to color photography reflects a shift in capturing mundane scenes with aesthetic focus.
  3. Through his photography, Shore reimagines commonplace scenes and highlights beauty in the ordinary.

Malt Liquidity 10

0 implied HN points • 15 Dec 20
  1. Traditional banking is changing, with a focus on wealth management.
  2. Investment banks are moving towards fixed-fee industries.
  3. High frequency trading arms race is ongoing, improving market efficiency.

PPP #2

0 implied HN points • 19 Nov 20
  1. Jai Paul, a mysterious producer, gained a cult following but disappeared due to stolen material and leaked tracks.
  2. Jai Paul eventually reemerged, acknowledged the leaked album, and officially released it in 2019.
  3. Computer Magic's production style is unique and energetic, blending clean space-y sounds with an up-tempo beat.

In Defense of Vodka

0 implied HN points • 19 Nov 20
  1. Vodka should be enjoyed on its own, not mixed with soda.
  2. Quality vodka should be drank unmixed and ice-cold.
  3. Vodka has a rich history and is an important alcohol.

PPP #4

0 implied HN points • 19 Nov 20
  1. The value of a soundtrack to art is important, like in movies and video games.
  2. Personal experiences, like driving and listening to music, can be meaningful and nostalgic.
  3. Narratives in real life, like financial scandals, can have complex and interesting implications.

The "Best of 2019" I experienced

0 implied HN points • 19 Nov 20
  1. Explored music from various countries in 2019 and found new gems.
  2. Enjoyed a variety of engaging long-form articles from different publications in 2019.
  3. Read and appreciated a diverse selection of books throughout 2019, including fiction and non-fiction.

The Best of 2020 (I encountered)

0 implied HN points • 22 Dec 20
  1. 2020 was a year of exploring new music, books, and articles for the writer.
  2. The articles highlighted unique and intriguing stories, from journalist scandals to business falls.
  3. Albums like Dua Lipa's 'Future Nostalgia' and books like 'Billion Dollar Loser' stood out among the writer's favorites of the year.

The Malt Liquidity Christmas Special

0 implied HN points • 24 Dec 20
  1. The author reflects on various financial and business events of the past year.
  2. Mentions of public offerings, crypto exchanges, fraud cases, and scandals in the financial world.
  3. Wishes for a happy new year and advises to stay alert in trading.

Chance in the Realm of Skill

0 implied HN points • 15 Dec 20
  1. The realm of chess has a history filled with odd characters and power struggles.
  2. Collegiate chess has become stratified due to programs funding strong players.
  3. International chess governing bodies, like FIDE, have also faced corruption and power struggles.

Malt Liquidity 8

0 implied HN points • 11 Dec 20
  1. Capital can be raised through debt offerings instead of just equity markets.
  2. Debt offerings surged in 2020 and might slow down in 2021.
  3. Negative yield debt could influence growth through bond issuance.

Malt Liquidity 23

0 implied HN points • 20 Jan 21
  1. ETFs provide liquid access to assets, which can affect market distortions.
  2. SPACs can be profitable for partners, but dilutive for investors.
  3. Netflix's excess cash position shows strength in content strategy.

Malt Liquidity 7

0 implied HN points • 09 Dec 20
  1. Public company scandal with fake lead scientist raises eyebrows
  2. Valuation alone is not a strong short thesis in stock trading
  3. Financial bot mishap shows pitfalls of relying on algorithms over humans

Wonder Woman 1984 - Waterboarding would have been more pleasurable and insightful

0 implied HN points • 26 Dec 20
  1. Superhero movies like Wonder Woman 1984 can fail on multiple levels, from bad CGI to weak dialogue.
  2. The thematic elements in Wonder Woman 1984 lack depth and fail to deliver a coherent message.
  3. The movie's portrayal of female empowerment falls short, relying on outdated tropes and lacking in substance.

Malt Liquidity 15

0 implied HN points • 06 Jan 21
  1. NYSE reversed decision on delisting Chinese telcos causing market turmoil
  2. Private markets are resurging with companies like Petco going public
  3. Efficient emergency liquidity is crucial for market stability

Avengeance

0 implied HN points • 19 Nov 20
  1. Quality of content decreases with the abundance of streaming services
  2. Auto-generated content often relies on formulaic and unoriginal themes
  3. Superhero genre films can lack originality and substance

Malt Liquidity 26

0 implied HN points • 26 Jan 21
  1. Elon Musk's tweets greatly influence stock prices.
  2. Hedge fund managers can face heavy losses due to leverage.
  3. Market dynamics are influenced by a mix of factors including social media and financial strategies.

Periodic Pretentious Pills, #1

0 implied HN points • 19 Nov 20
  1. Music recommendations involve enjoying foreign language songs for a different listening experience.
  2. Indie music can sometimes feel repetitive, but unique artists like Wild Nothing stand out with their captivating sound.
  3. Reading recommendations cover profiles of interesting individuals like Christopher Hitchens and thought-provoking fiction books.