As Markets Swooned, Pros Sold—and Individuals Pounced Hedge funds have sold a net $1 trillion of shares this year, while 97% of Vanguard 401(k) investors didn’t make trades in early April.

As the market tumbled, the big money fled but guess who pounced?
@gunjanjs.bsky.social
www.wsj.com/finance/inve...

So what's the thinking behind having conference calls in coffee shops? Not getting it.

Wall Street Speaks Out Against Tariffs - The Journal. - WSJ Podcasts Last week, U.S. stocks lost $6.6 trillion in value during a two-day washout after President Trump announced large tariffs on countries around the world. As markets continue to swing, Wall Street leade...

Trying to understand Trump's tariffs and the market's terrified reaction? I did WSJ's podcast, hoping it provides some insight.

www.wsj.com/podcasts/the...

I think my favorite thing about Donald Trump is how he feels the need to define ‘groceries’ for us 😁

‘I Should Have Sold More.’ Wall Street Reels as Trump’s Plan Sinks Markets The president’s sweeping tariffs proved far more severe than investors predicted.

NEW: "I Should Have Sold More."
Wall Street Reels as Trump’s Plan Sinks Markets
w/ Krystal Hur and Gunjan Banerji

www.wsj.com/finance/stoc...

Opinion | RFK Jr. Is Already Vindicating His Critics Shrinking HHS makes sense, but giving power to antivaccine crusader David Geier doesn’t.

WSJ editorial: RFK Jr. Is Already Vindicating His Critics
www.wsj.com/opinion/rfk-...

Exclusive | U.S. Prosecutors Probe Tip About Timing of Pfizer Vaccine The inquiry is looking into a politically explosive suggestion that Pfizer delayed announcing a successful vaccine against Covid-19 until after the election that Trump lost to Biden.

New --
www.wsj.com/health/pharm...

Good finale.
That's one strong woman, good for her.
Not that I'm watching.

Universities Sprint From ‘We Will Not Cower’ to Appeasing Trump With much of their funding at stake, schools are quietly hiring lobbyists and reaching out to politicians amid Washington’s quest to rein in academia.

Universities Move From ‘We Will Not Cower’ to Appeasing Trump
www.wsj.com/us-news/educ...

The Week the Smart Money Got Whipsawed by the Market Hedge funds usually like to take advantage of stock-market unrest. Lately, they have helped spread it instead.

NEW: Hedge funds usually like to take advantage of stock-market unrest. Lately, they've helped spread it.
www.wsj.com/finance/inve...

Opinion | Oscar Who? The Winners Are Obscure ‘Anora’ swept the night, but has anyone actually seen it?

Sean Baker now has as many as Steven Spielberg and Martin Scorsese have won throughout their combined careers.

www.wsj.com/opinion/osca...

His Hedge Fund Imploded in Spectacular Fashion. His New One Has $12 Billion. Nicholas Maounis, of the failed Amaranth, has regained investor trust at Verition.

NEW from me:
His Hedge Fund Imploded in Spectacular Fashion. His New One Has $12 billion.

www.wsj.com/finance/inve...

Bibas Children, Symbols of Hostage Crisis, to Come Home Dead, Hamas Says Hamas said it would turn over the bodies of the boys, Ariel Bibas and his baby brother, Kfir, and their mother. Israel was expected to release Palestinian prisoners in exchange.

Utterly heartbreaking.

www.nytimes.com/2025/02/18/w...

Just surprised Dodgers didn’t get Luka.

DeepSeek Chief’s Journey From Math Geek to Global Disruptor The math geek caught the investing bug and launched a hedge fund before founding the company whose AI models took the world by surprise.

NEW: DeepSeek Chief’s Journey From Math Geek to Global Disruptor--

Chinese engineer built AI co. after founding a successful hedge-fund

www.wsj.com/tech/ai/lian...

The Guy Behind DeepSeek Blurbed My Book in China On Friday, I had never heard of Liang Wenfeng. By Monday, I realized he knew a lot about my work—and I was scrambling to learn about his.

The Guy Behind DeepSeek Blurbed My Book in China --
How I learned that Liang Wenfeng, whom I’ve never met, and I share more than I knew

www.wsj.com/tech/ai/the-...

Hillary, Bush and a merger arb who mastered subprime mortgages and CDS contracts.

Crazy world.

x.com/SeanYoo/stat...

The Man Making Billions From the Wildest Bitcoin Bet The MicroStrategy CEO is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.

NEW from me: The Man Making Billions From the Wildest Bitcoin Bet...and the big-name investors going along for the ride.
www.wsj.com/finance/curr...

Matti Friedman: Israel’s Prisoner’s Dilemma To free its people, Israel negotiates with terrorists and releases murderers. Is that a strength or a weakness?

To understand the debate in Israel about the hostage deal, one needs to go back to 1985, argues Matti Friedman in a thoughtful piece.
"Israel negotiates with terrorists and releases murderers. Is that a strength or a weakness?"
www.thefp.com/p/matt-fried...

That's a great feeling...but small consolation at wasting 3 hours

Exclusive | Mets Owner Steve Cohen Had an Even Better Year Off the Field Hedge fund Point72 will return as much as $5 billion in profits to investors and raise fees.

Readers are sharing the same reaction to this story: Wait, Steve Cohen is worth billions and can afford Soto and any piece of art he wants, yet he can't beat my mutual funds and ETFs?

www.wsj.com/finance/inve...

Wow

"You get smart people together, everyone talks to everyone else, you provide the best infrastructure, and make everyone partners."

Watch: Jim Simons’ Life, Legacy and 5 Guiding Principles A short film chronicles Simons Foundation co-founder Jim Simons’ careers as a mathematician, the founder of Renaissance Technologies and a philanthropist.

A really wonderful film about the life of Jim Simons from his foundation...captures his wit, passions, personality and broad impact on the world. Unique and historic individual.
www.simonsfoundation.org/2025/01/09/w...

Great job covering the Los Angeles fires by @newsnation.bsky.social

So glad you enjoyed, Erik!

Renaissance Technologies finishes up a solid, if unspectacular year.
Medallion, managing abt $12 billion, up about 30%. RIEF and RIDA up about 25%.
The quant firm's core signals continue to work.
Jim Simons would be proud.

great stuff

When did aggressiveness become aggression?
Bothers me more than it should.

I don't know what my wife is going to do when the Hallmark Christmas shows end.
We may have to go back to talking.